Florida Term Note definition

Florida Term Note means any consolidated, amended and restated promissory note made by a Subsidiary of the Borrower that owns a Florida Property and payable to the order of the Administrative Agent for the benefit of the Lenders and with respect to which the Borrower shall be deemed to be a co-obligor with such Subsidiary, in substantially the form of Exhibit H-2 hereto.
Sample 1Sample 2Sample 3
Florida Term Note means the promissory note of JLM Industries and JLM Marketing in the form of Exhibit A2 hereto evidencing the Florida Term Loan made by the Bank hereunder and all promissory notes delivered in substitution or exchange therefor, as amended or supplemented from time to time.
Sample 1Sample 2
Florida Term Note means any of the promissory notes in the form of Exhibit B-1 issued pursuant to Section 2.13, which promissory notes (collectively, "Florida Term Notes") shall be in the aggregate original principal amount of $60,000,000.00.
Sample 1

Examples of Florida Term Note in a sentence

  • The Borrower hereby acknowledges that it shall be deemed to be a co-obligor in respect of each New York Term Note, or a guarantor in respect of each Florida Term Note.

  • Interest shall be payable monthly, in arrears, commencing on September 1, 2000, and on the first day of each month thereafter, as long as there is any unpaid balance under the Florida Term Note.

  • For the avoidance of doubt, the parties hereby acknowledge that each of the Existing Mortgages and each of the Existing Notes shall continue to be a New York Mortgage and a New York Term Note, respectively, under this Agreement.-1 and H-1 and (ii) in the case of a Florida Property, a Florida Term Note and a Florida Mortgage, substantially in the forms attached hereto as Exhibits G-2 and H-2.

  • The Kissimmee Leasehold Property Sale Proceeds shall be applied to the principal installments of the Florida Term Note in the inverse order of their maturities, so that (unless the Florida Term Loan is reduced to zero) partial prepayments shall not change the due dates of any installment of principal or interest or change the amount of any installment of principal (except the final payment).

  • Borrower may prepay the Overadvance Term Note, the Term Note, the Florida Term Note, or the Revolving Note in whole at any time or in part from time to time upon one (1) Business Day's prior written notice to Bank, without penalty or premium, provided that each prepayment (other than prepayments as a result of a sweep from the funds in the Lock Box) is in an amount of One Hundred Thousand and no/100 Dollars ($100,000.00) or a whole multiple thereof.

  • If application to the Term Loan of any prepayment required under this Section reduces the Term Loan to zero, the remaining amount of such prepayment shall be applied to the principal installments of the Florida Term Note in the inverse order of their maturities, so that (unless the Florida Term Loan is reduced to zero) partial prepayments shall not change the due dates of any installment of principal or interest or change the amount of any installment of principal (except the final payment).


More Definitions of Florida Term Note

Florida Term Note shall have the meaning given it in Section 1.6.4.
Sample 1

Related to Florida Term Note

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Medium Term Notes means Securities that are collateralized in an amount equal to their full Outstanding principal amount and have a Stated Maturity in excess of 270 days after the date of original issuance thereof.

  • standard term sheet has the meaning ascribed thereto in NI 41-101;

  • Existing Term Loan Agreement means that certain Term Loan Agreement, dated as of April 9, 2020, by and among the Borrower, the lenders from time to time party thereto and Crédit Agricole Corporate and Investment Bank, as administrative agent for the lenders, as amended, modified, supplemented or replaced from time to time.

  • Incremental Term Note has the meaning specified in Section 2.11(a).

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

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

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Tranche A Term Loan as defined in Section 2.1.

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

  • Long-term contract means a contract with a duration period exceeding one year;

  • Base Rate Term Loan means any portion of a Term Loan during any period in which such portion bears interest based on the Base Rate.

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Remaining Term Interest means, with respect to any Note, the aggregate amount of scheduled payment(s) of interest on such Note for the remaining term to the Maturity Date determined on the basis of the rate of interest applicable to such Note from and including the Redemption Date.

  • Long-term care means those activities taken by a host state after a compact facility is permanently closed to ensure the protection of air, land, and water resources and the health and safety of all people who may be affected by the compact facility.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • the First Variation Agreement means the agreement a copy of which is set forth in the Second Schedule;

  • Existing Term Loan Class shall have the meaning provided in Section 2.14(g)(i).

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of June 29, 2018, by and among, the Borrower, Vertex Holdings, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.

  • Term Note A means a promissory note of the Borrower payable to the order of a requesting Lender in the principal amount of such Lender’s Term Loan A Commitment, in substantially the form of Exhibit E-1.

  • Tranche B Term Loan as defined in Section 2.1.