Fixed Note definition

Fixed Note means a promissory note (together with all schedules, riders, allonges, addenda, renewals, extensions, amendments and modifications thereto) which will be issued by Borrower to Lender, concurrently with the funding of the Fixed Loan on the Initial Closing and upon the conversion of all or a portion of the Variable Loan to a Fixed Loan, to evidence Borrower’s obligation to repay the Fixed Loan, and which promissory note will be the same or substantially similar in form to the promissory note issued by Borrower to Lender in connection with the Fixed Loan made on the Initial Closing Date or if no promissory note evidencing a Fixed Loan is issued by Borrower to Lender on the Initial Closing Date, the promissory note will be in the then current form of promissory note utilized by Xxxxxx Xxx for Fixed Loans.
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Fixed Note means the promissory note (together with all schedules, riders, allonges, addenda, renewals, extensions, amendments and modifications thereto), which will be issued by Borrower to Lender, concurrently with the funding of each Fixed Advance, and which promissory note will be the same or substantially similar in form to the then current form of promissory note utilized by Xxxxxx Xxx for fixed rate loans with the applicable type of loan execution.
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Fixed Note the meaning specified in Section 2.1. Fixed Notes shall also include any Floating Notes for which the interest rate is permanently set pursuant to Section 7.3.
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Examples of Fixed Note in a sentence

  • Where the Specified Denomination of a Fixed Rate Note in definitive form comprises more than one Calculation Amount the amount of interest payable in respect of such Fixed Note shall be the aggregate of the amounts (determined in the manner provided above) for each Calculation Amount comprising the Specified Denomination without any further rounding.

  • Pursuant to the terms of Section 2.10(a) (Conversion from Variable Note to Fixed Note), Borrower may convert a Variable Note to a Fixed Note.

  • In the event Buyer receives an award of damages against Seller for a breach of the covenants set forth in Sections 3 or 4 of this Agreement, the amount of the award shall reduce the amount owed under the Fixed Note and Earnout Note payable to Seller.

  • Interest on the Series 2010-1 Notes shall accrue at the Fixed Note Rate, subject to any default rate of interest applicable hereunder, and shall be payable on each Payment Date to each Series 2010-1 Noteholder listed in the Note Register as of the Record Date or Special Record Date, as applicable, immediately prior to such Payment Date.

  • Should the award be in excess of the amount owed under the Fixed Note and Earnout Note payable to Seller, Buyer may pursue collection of such excess from Seller.

  • The obligation of the Borrower to repay the Term Loan shall be evidenced by the following Notes: (i) a Fixed Note in the principal amount of $420,000,000 and (ii) any other Notes as may be necessary for Borrower to execute during the Term in connection with a conversion.

  • In addition, any note issued following a permanent setting of the interest rate in accordance with Section 7.3 shall be in the form of Exhibit A-1 and shall be deemed a Fixed Note.

  • A “Long Maturity Note” is a Fixed Note (other than a Fixed Rate Note which on issue had a Talon attached) whose nominal amount on issue is less than the aggregate interest payable thereon, provided that such Note shall cease to be a Long Maturity Note on the Fixed Interest Date on which the aggregate amount of interest remaining to be paid after that date is less than the nominal amount of such Note.

  • Subject to and in accordance with the terms and conditions of the Conversion Schedule, Borrower shall have the right, from time to time during the Conversion Availability Period, to convert all or any portion of a Variable Note to a Fixed Note.

  • The Fixed Note shall be payable to the order of Lender and shall be made in the original principal amount of such Fixed Advance.


More Definitions of Fixed Note

Fixed Note means the Promissory Note in the principal amount of $34,500,000 payable by VERT to the Trust in the form of EXHIBIT D.
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Fixed Note. GUARANTIES"--as defined in Section 2.4(b)(ii). ----------------------- "GAAP"--generally accepted accounting principles, applied on a basis consistent ------ with the basis on which the Balance Sheet and the other financial statements referred to in Section 3.4(b) were prepared.
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Related to Fixed Note

  • Registered Note means a Note in registered form;

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);

  • Owned Note shall have the meaning assigned to such term in Section 32.

  • RMB Note means a Note denominated in Renminbi.

  • Committed Note means a promissory note of a Borrower payable to the order of any Lender, in substantially the form of Exhibit A-1, evidencing the indebtedness of that Borrower to such Lender resulting from the Committed Advances made by such Lender to that Borrower.

  • Retained Note means any Notes held by the Issuer (or any other person treated as the same person as the Issuer for U.S. federal income tax purposes), but only so long as such Notes are held by such entity, until such time as such Notes are transferred in accordance with the terms and conditions of Section 2.04 of the Indenture.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • Restricted Note has the same meaning as “Restricted Security” set forth in Rule 144(a)(3) promulgated under the Securities Act; provided that the Trustee shall be entitled to request and conclusively rely upon an Opinion of Counsel with respect to whether any Note is a Restricted Note.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Index Linked Note means an Index Linked Interest Note and/or an Index Linked Redemption Note.

  • SPECIAL NOTE State agencies may make purchases under this Requirements Contract up to $2500.00 using the state of Ohio payment card. Any purchase that exceeds $2500.00 will be made using the official state of Ohio purchase order (ADM- 0523). Any non-state agency, institution of higher education or Cooperative Purchasing member will use forms applicable to their respective agency.

  • Certificated Note means a Note in registered individual form without interest coupons.

  • Registered Notes has the meaning specified in Section 2.1.

  • Floating Rate Note means a Note on which interest is calculated at a floating rate, payable in arrear on one or more Interest Payment Dates in each year as may be agreed between the Issuer and the relevant Dealer, as indicated in the applicable Final Terms;

  • Secured Note means each promissory note with a related security interest evidenced by written agreement, pursuant to which the purchase of specified assets by an Obligor or End-User is financed for specified monthly, quarterly, semiannual or annual payments.

  • Supplemental Note means, for each Supplemental Loan (whether one or more), if any, the Multifamily Note secured by the Supplemental Instrument for that Supplemental Loan.

  • Fixed Rate Certificate A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

  • Swapped Note is defined in Section 8.6(b).

  • Restricted Certificated Note means a Certificated Note bearing the Private Placement Legend.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Floating Rate Certificate A Certificate that provides for the payment of interest at a Floating Pass-Through Rate determined periodically by reference to a formula specified in the related Supplement.

  • Conversion to Fixed Interest Rate With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan is not a Convertible Mortgage Loan;

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.