Examples of Initial Note Date in a sentence
On and after the thirtieth (30th) day after the Initial Note Date, the Managed Companies shall have a standing instruction to the applicable depository institutions over all Lockbox Accounts to sweep the funds therein on a daily Business Day basis to a Controlled Account.
It shall be an immediate Event of Default if, on or after the thirtieth (30th) day after the Initial Note Date, any Managed Company shall change or otherwise issue any instruction over such Lockbox Account other than to sweep the funds in such account on at least a daily Business Day basis to a Controlled Account.
On the date of receipt by Company or any of its Subsidiaries of any Extraordinary Receipts (it being understood that such Extraordinary Receipts, if received on or after the Initial Note Date, shall be deposited in a Controlled Account on the same Business Day as receipt thereof) in excess of $500,000 in the aggregate in any trailing twelve month period,the Remaining Amount shall be reduced in the amount of such excess Extraordinary Receipts.
On the Initial Note Date, (a) Company will furnish to Collateral Agent prior written notice of any change (i) in any Note Party’s corporate name, (ii) in any Note Party’s identity or corporate structure, (iii) in any Note Party’s jurisdiction of organization or formation, or (iv) in any Note Party’s Federal Taxpayer Identification Number or state organizational identification number.
Notwithstanding anything to the contrary herein, on the Initial Note Date, in the event that the Goldman NPA Obligations have not been paid in full and discharged, Purchaser shall transfer, by wire transfer, to the account and in the amount designated by the Goldman NPA Collateral Agent the purchase price for the Notes equal to the Goldman NPA Obligations.
The Company shall have the right to terminate this Agreement at any time prior to the Initial Note Date.
On the date of receipt by Company or any of its Subsidiaries of any Extraordinary Receipts (it being understood that such Extraordinary Receipts, if received on or after the Initial Note Date, shall be deposited in a Controlled Account on the same Business Day as receipt thereof) in excess of $500,000 in the aggregate in any trailing twelve month period, the Remaining Amount shall be reduced in the amount of such excess Extraordinary Receipts.
Notwithstanding anything to the contrary herein, on the Initial Note Date, in the event that the Xxxxxxx NPA Obligations have not been paid in full and discharged, Purchaser shall transfer, by wire transfer, to the account and in the amount designated by the Xxxxxxx NPA Collateral Agent the purchase price for the Notes equal to the Xxxxxxx NPA Obligations.
Notwithstanding anything to the contrary herein, on the Initial Note Date, in the event that the Gxxxxxx NPA Obligations have not been paid in full and discharged, Purchaser shall transfer, by wire transfer, to the account and in the amount designated by the Gxxxxxx NPA Collateral Agent the purchase price for the Notes equal to the Gxxxxxx NPA Obligations.