First Term Note definition

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.

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 shall have the meanings given such term in Section 2.3 of this Agreement.

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.

• Such loan shall be evidenced by a promissory note in the form attached hereto as Exhibit "B" (hereinafter referred to as "First Term Note").

• Said First Term Note shall bear interest at a fixed rate of Seven and One-Half Percent (7-1/2%) per annum.

• The term "Notes" as used in this Agreement shall include the "First Term Note", "Second Term Note", and each promissory note delivered under this Agreement by Borrower, and each promissory note delivered in substitution or exchange for any such promissory note, and, where applicable, shall include the singular number as well as the plural.

• 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").

More Definitions of First Term Note

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 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.

First Term Note means the Promissory Note dated November 25, 1991 in the original principal amount of $1,600,000 from the Borrower to the Lender, as amended by a Modification of Note of even date herewith.

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 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 has the meaning specified in Section 7.2.