First Note definition

First Note has the meaning set forth in Section 2.1(a).

First Note has the meaning given in the recitals.

First Note means that certain 11 3/4 % Subordinated Convertible Promissory Note dated February 14, 1994 in the amount of $34,000,000 issued by Tathxx Xxxshore to DeepTech, as amended, restated, supplemented or otherwise modified from time to time.

Examples of First Note in a sentence

• Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyers hereto.

• On each First Note Transfer Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.

• The Servicer shall effect such assignment by making a deposit into the Collection Account in immediately available funds on the First Note Transfer Date following the Monthly Period in which such assignment obligation arises in an amount equal to the amount of such Receivables or the Invested Amount of such Collateral Certificate, as applicable.

• Both the First Note and Second Note carry interest at a rate of 10% per annum.

• The Transferor shall notify the Indenture Trustee prior to the Record Date for the First Note Transfer Date of the purchase if the Transferor is exercising such right of first refusal.

More Definitions of First Note

First Note means the Secured Convertible Promissory Note made in consideration of a $100,000 loan by Holder to Kips Bay.

First Note means the secured promissory note, in the form attached hereto as Exhibit D, to be issued by Buyer to Seller pursuant to Section 2.2(b).

First Note and “First Deed of Trust” – means that purchase money note secured by a deed of trust recorded concurrently herewith and which is an encumbrance on the Property in a 1st priority lien position.

First Note means the Note in the principal amount of the First Note Amount to be issued at the First Note Closing by the Issuer;

First Note means the Senior Second Lien Secured Convertible Note due 2025, dated February 22, 2021, issued by the Issuer in favor of the First Holder, as amended by the First Omnibus Amendment.

First Note means an exchangeable note in the principal amount of US$36 million purchased by PAG at First Completion pursuant to the Securities Purchase Agreement. 8 www.verify.gov.ky File#: 377760Filed: 15-Oct-2021 11:20 EST Auth Code: D68786797424

First Note means the Note issued by the Company pursuant to Section 1.1 of the Note Purchase Agreement, together with all Notes issued by the Company in substitution or exchange therefor pursuant to this Agreement.