Grid Note definition

Grid Note means that note defined and described in paragraph 3 of Schedule 5.06 to this Agreement.

Grid Note means that certain Promissory Grid Note issued by Furniture Factory Holding, LLC, in favor of Furniture Factory Note Holding, LLC, dated February 3, 2016, as amended supplemented, and modified from time to time.

Grid Note shall have the meaning set forth in the sixth Recital. ---------

Examples of Grid Note in a sentence

• The Promissory Grid Note is an unsecured line of credit.Interest.

• This Grid Note shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to its rules on conflicts of laws.

• No amendment, modification, or waiver of any provision of this Grid Note nor consent to any departure by Borrower therefrom shall be effective unless the same shall be in writing and signed by the Lender and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

• The provisions of this Grid Note are severable, and if any provision shall be held invalid or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall not in any manner affect such provision in any other jurisdiction or any other provision of this Grid Note in any jurisdiction.

• The headings herein are for convenience only and shall not limit or define the meaning of the provisions of this Grid Note.

More Definitions of Grid Note

Grid Note means the form of promissory note referred to in Section 4 hereof;

Grid Note means a promissory note of the Borrower evidencing Advances made by the Bank, in substantially the form of Exhibit A.

Grid Note is defined in Section 1.1(a).

Grid Note means that certain Grid Note made by Borrowers (or any of them) in favor of Warburg in the original principal amount of $3,000,000.

Grid Note has the meaning set forth in Section 1(a)(v).

Grid Note means any promissory note or promissory notes of the Borrower payable to the order of the Agent for and on behalf of the Lenders or a Lender under a Credit Facility in substantially the form set out in Schedule 1 hereto evidencing the indebtedness of the Borrower to the Lenders resulting from all Advances made under the Credit Facility to which such note relates.

Grid Note means the note executed by Borrower in the form of Exhibit B annexed hereto, as amended, renewed or replaced from time to time. 1.37. "Guarantees" means the guaranty of all of the Obligations executed by Asta Funding, Asta I and each Affiliate Guaranty, as each is amended from time to time. 1.38. "Guarantors" mean Asta Funding, Asta I, E.R. and each Affiliate, if any, or any one or more of them, but in no event a Non-Affiliate. 1.39. "Indemnified Party" means Lender and each of its officers, directors, representatives and employees. 1.40. "Lender Fees" means all Line Fees, Deficiency Fees, Portfolio Examination Fees and Examination Fees from time to time payable to Lender under this Agreement. 1.41. "Line Fee" means a fee equal to $50,000, which shall be deemed earned as of the date of this Agreement and shall be payable on the Closing Date. 1.42. "Line of Credit" shall have the meaning given such term in Recital B above. 1.43. "Loan Documents" means this Agreement, the Grid Note, the Guarantees, the Security Agreements and each of the other documents required to be executed and delivered pursuant to Section 11 hereof. 1.44. "Lockbox Account" means the segregated account to be established by Debtors after the occurrence and during the continuance of an Event of Default, into which the Account Debtors shall be instructed to send Payments and as to which account none of the Debtors shall have any control. 1.45. "Non-Affiliate" means an entity that is wholly owned by Asta Funding which is not required by the Lender to execute and deliver an Affiliate Guaranty, an Affiliate Security Agreement and an Affiliate Confirmation pursuant to Section 2.3(d) of this Agreement. 1.46. "Obligations" means all Advances and any and all loans, indebtedness, liabilities and obligations of any kind owing by Borrower to Lender and any of Lender's divisions, subsidiaries or affiliates, however evidenced, whether as principal, guarantor or otherwise, arising under this Agreement, or any supplement hereto, or otherwise, whether now existing or hereafter arising, whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or unsecured, original, renewed or extended, and whether arising directly or acquired from others (including, without limitation, Lender's participation or interests in Borrower's obligations to others) and including, without limitation, all Existing Debt, Lender Fees, charges, comm...