First Term Note or the "Second Term Note" or the "Third Term Note" or the "Fourth Term Note" or the "Revolving Note" in the Loan Agreement, the Notes, or any other Loan Documents shall be deemed to refer to the Notes as amended by the Third Amendment to Amended and Restated Loan and Security Agreement and any extension, renewal, refinancing, modification, amendment, or restructuring thereof.
First Term Note means the $1,500,000.00 Amended and Restated First Term Note (which amended and restated the $2,250,000.00 Amended and Restated Term Note dated October 20, 2003, issued by Borrower to Bank), as such note may be amended, modified or restated from time to time.
Examples of First Term Note in a sentence
Under the First Term Note, funds will be available until June 30, 2014, the maturity date of the First Term Loan.
The obligations of the Borrowers to repay the aggregate outstanding principal under the First Term Loan and to pay accrued interest thereon shall be evidenced by a promissory note, in form and substance satisfactory to the Bank, to be executed and delivered to the Bank concurrently with the execution and delivery of this Agreement (the "First Term Note").
Borrower's obligation to repay the First Term Loan is evidenced by its $2,250,000 Amended and Restated Term Note dated October 30, 2003 (the "First Term Note").
Such loan shall be evidenced by a promissory note in the form attached hereto as Exhibit "B" (hereinafter referred to as "First Term Note").
The principal balance outstanding under the First Term Note shall be amortized on the basis of a ______ (___) month term.
More Definitions of First Term Note
First Term Note. Page Two Except as otherwise provided in the Loan Agreement, this Note may be prepaid in whole or in part without premium or penalty at any time at the option of the undersigned in accordance with the Loan Agreement. Any partial prepayment made at the option of the undersigned shall be applied against the principal amount outstanding and shall not postpone the due date of any subsequent monthly installment or change the amount of such installment unless the Bank shall otherwise agree in writing. This Note is secured by the Loan Agreement and other documents, agreements, and instruments executed by the Borrower. This Note is made and delivered pursuant to the Loan Agreement and is subject to the further terms and conditions thereof, including the right of the holder to accelerate payment of the principal of and accrued and unpaid interest on this Note and other remedies upon the occurrence of an Event of Default, all of which are hereby incorporated and made a part of this Note by reference. Any waiver of any payment due hereunder or the acceptance by the Bank of partial payments hereunder shall not, at any other time, be taken to be a waiver of the terms of this Note or the Loan Agreement or any other agreement between the Borrower and the Bank. The makers, sureties, guarantors, and endorsers of this Note, if any, jointly and severally hereby waive notice of and consent to any and all extensions of this Note or any part thereof without notice, and each hereby waives demand, presentment for payment, notice of nonpayment, and protest and any and all notice of whatever kind or nature and the exhaustion of legal remedies herein, or any release of liability or any other indulgences or forbearances whatsoever, without releasing or in any way affecting the personal liability of any other party hereunder. This Note shall be the joint and several obligation of all makers, sureties, guarantors, and endorsers and shall be binding upon them, their heirs, personal representatives, and assigns. In the event the holder of this Note shall refer this Note to an attorney for collection, the undersigned agrees to pay, in addition to unpaid principal and interest, all of the costs and expenses incurred in attempting or effecting collection, including reasonable attorneys' fees, whether or not suit is instituted.
First Term Note means a promissory note executed by the Borrower in the face amount of $1,000,000.00, evidencing a portion of the Term Loan.
First Term Note means the promissory note heretofore made by Borrower to Bank in the original principal amount of $900,000.00 dated February 5, 1993, Note No. 072897.
First Term Note as defined in Section 2.6.
First Term Note dated May 1, 2008, subject to an Amended and Restated Loan and Security Agreement executed by Borrower and Lender, dated the same as this Agreement (the “Loan Agreement”, Loan No. SYNT01). The First Term Note is secured by the Deed of Trust, Assignment of Rents and Leases and Security Agreement dated June 15, 2006, and recorded June 30, 2006, under Linn County, Oregon, recording number 2006-16030, as amended by the Modification of Deed of Trust, Assignment of Rents and Leases and Security Agreement dated May 1, 2008, and recorded May 20, 2008, under Linn County, Oregon, recording number 2008-10238, and the Second Modification of Deed of Trust, Assignment of Rents and Leases and Security Agreement dated the same as this Agreement (together, the “Deed of Trust”). The Deed of Trust and UCC financing statements encumber real and personal property (“Property”) located in Linn County, Oregon, and legally described in the Deed of Trust.
First Term Note has the meaning specified in Section 7.2.
First Term Note means that certain $2,000,000 promissory note from Borrowers, payable to the order of the Bank, as described and defined in Section 3 of the First Amendment.