Fleet Note definition

Fleet Note as defined in Section 2.4 hereof. Line of Credit Availability: $50,000,000 as such amount may be reduced from time to time pursuant to the terms of this Agreement.
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Fleet Note shall have the meaning provided in Section 2.1 herein. ----------
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Fleet Note shall have the meaning ascribed to such terms in the first Whereas clause.
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Examples of Fleet Note in a sentence

  • The promissory note shall be in the principal amount of Fifty Million ($50,000,000) Dollars and shall be in the form of Exhibit A annexed hereto (the "Fleet Note").

  • The Fleet Note and Warrant Purchase Agreement shall have been executed upon terms satisfactory to the Managing Agents and ACC shall have received Net Cash Proceeds from the offering of the Fleet Venture Notes thereunder in an amount not less than $8,700,000.

  • The promissory note shall be in the principal amount of Forty Million ($40,000,000) Dollars and shall be in the form of Exhibit A annexed hereto (the "Fleet Note").

  • New Fleet Note........................................................

  • Interest shall accrue on each Reimbursable Payment during the period commencing on the date Fleet is deemed to have made a setoff or reduction with respect to the principal amount owing under the Fleet Note as set forth in the Master Letter of Credit and the Fleet Security Agreement to the date such Reimbursable Payment is paid in full under Section 2.03 at the Applicable Interest Rate.

  • UMB shall have paid to the Agent in immediately available funds an amount equal to the unpaid principal balance of the Fleet Note being surrendered thereby to the Agent.

  • The Sovereign Replacement Note shall amend, restate and replace the existing Fleet Note in its entirety, but the Sovereign Replacement Note shall not be evidence of satisfaction of the indebtedness owed by the Borrower to Sovereign.

  • The Secured ------------------------------------------------- Fleet Claim shall be deemed an Allowed Secured Fleet Claim in the amount stated in the New Fleet Note.

  • Simultaneously with the execution of this Agreement, (a) Borrower ---------- is executing a Revolving Line of Credit Promissory Note payable to BankBoston in the original principal amount of up to $30,000,000 (the "BankBoston Note"), and (b) Borrower is executing a Revolving Line of Credit Promissory Note payable to Fleet in the original principal amount of up to $20,000,000 (the "Fleet Note" and collectively with the BankBoston Note, the "Notes").

  • Sovereign is now the holder of the Fleet Note and has succeeded to the interests of Fleet as both Agent and as a Lender under the Revolving Credit Facility.


More Definitions of Fleet Note

Fleet Note means a five-year term note issued by Fleet to the Trust in an amount initially equal to the amount of the proceeds from the sale of the Fixed Rate Notes, and due on December 21, 2008, or if such day is not a Business Day on the immediately preceding Business Day.
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Fleet Note as defined in Section 2.4 hereof.
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Fleet Note means the Amended and Restated Term Note dated September 29, 2000 in the original principal amount of $7,000,000 executed by Leading Borrower in favor of Fleet.
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Related to Fleet Note

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Contract Note means a written confirmation issued by the ICAV pursuant to Clauses 27 to 32 hereof;

  • Bridge Note means a promissory note of the Borrower payable to any Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto with appropriate insertions, evidencing the aggregate Indebtedness of the Borrower to such Lender resulting from any Bridge Loans made by such Lender.

  • Note A shall have the meaning assigned to such term in the recitals.

  • Existing Note means a Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.