Initial Promissory Note definition

Initial Promissory Note has the meaning provided in Section 2.03(b)(iii).
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Initial Promissory Note means the Promissory Note issued by the ----------------------- Borrower to the Lender dated April 2, 1999 as extended on July 1, 1999 with an aggregate principal amount of $11,000,000.
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Initial Promissory Note means that certain promissory note, dated as of February 21, 2006, made by Earth Biofuels and payable to the Stockholder in the principal amount of $850,000.
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Examples of Initial Promissory Note in a sentence

  • The $31 million advance of the Loan shall be reduced pursuant to Section 7.04 in an amount equal to the Borrower's principal and accrued interest under the Initial Promissory Note and the amount of currently due trade payables from the Borrower to the Lender.

  • Upon Buyer's payment of the Post Closing Payment, Seller shall cancel the Initial Promissory Note by marking it "Canceled-July 17, 1997," executing the same and delivering it to Buyer by facsimile and by overnight delivery.

  • The parties acknowledge and agree that upon Buyer's payment of the Post Closing Payment the same will be considered payment in full by Buyer of all Purchase Price obligations, whether as of the Closing Date or thereafter, including, without limitation, the potential adjustment to the Initial Promissory Note, the issuance of the Final Promissory Note, the issuance of the Warrant and the cash portion of the Adjustment.

  • The aggregate purchase price of the Initial Promissory Note and Initial Warrants to be purchased by Buyer on the Closing Date shall be equal to $2,500,000 (the “Initial Note Payment”).

  • If the Final Purchase Value is less than or equal to the Base-Line Purchase Value, then the amount of the Adjustment will equal the same and the principal amount due pursuant to the Initial Promissory Note shall be reduced by such amount as an offset to such note and no interest shall have accrued on or be payable due to such offset principal amount.

  • Without limiting the generality of the foregoing and the provisions of ARTICLE IV herein, Buyer shall have the right to effect an offset against the Initial Promissory Note and the Final Promissory Note, if any, to the extent necessary to preserve its rights under this ARTICLE VIII.

  • The closing of the purchase of the Initial Promissory Note, the Initial Warrants and the Initial Yield Enhancement Shares by Buyer and the Company (the “Closing”) shall occur at the offices of Xxxxxx and Xxxx LLP, 0000 Xxxx Xxxxxx, Xxxxxx, Xxxxx 00000 on June 15, 2007 (the “Closing Date”) at 10:00 a.m., local time.

  • CoBank shall have received a duly executed original copy of the Initial Promissory Note and Supplement hereto.

  • On or after the effectiveness of this Facility Agreement, on the terms and conditions set forth herein and in the Initial Promissory Note, the Lender agrees to provide the Initial Funding to the Borrower, upon receipt of the fully executed Initial Promissory Note and the Release Agreement (as defined therein) and satisfaction of the other conditions precedent set forth in Section 7 hereof.

  • Except as disclosed in any application or officer's certificate submitted in connection with this Agreement and the Initial Promissory Note and Supplement hereto, all of the properties owned by the Company and all of its operations, are in compliance in all material respects with all Laws (including all Laws relating to the environment) which, if not complied with, could have a Material Adverse Effect.


More Definitions of Initial Promissory Note

Initial Promissory Note shall have the meaning set forth in the recitals.
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Related to Initial Promissory Note

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Secured Promissory Note is defined in Section 2.4.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • 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.

  • Bridge Loan Agreement means the 364-day Bridge Loan Agreement dated as of April 3, 2012, as amended, restated, supplemented or otherwise modified, among the Company, the lenders party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Original Loan Agreement has the meaning set forth in the Recitals.

  • Original Financing Agreement means the development credit agreement for a Social Investment Program Project between the Recipient and the Association, dated April 7, 2003, as amended to the date of this Agreement (Credit No. 3740-BD).

  • Note Purchase Agreement means the Note Purchase Agreement, dated as of the Issuance Date, among the Company, the Subordination Agent, the Escrow Agent, the Paying Agent, and the Pass Through Trustee under each Pass Through Trust Agreement providing for, among other things, the issuance and sale of certain equipment notes, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Investment Agreement shall have the meaning set forth in the Recitals hereto.

  • Additional Agreement has the meaning assigned to such term in Article 8.

  • Loan and Security Agreement “thereunder”, “thereof” or similar words referring to the Loan Agreement shall mean and be a reference to this Agreement and (b) each reference in the Financing Agreements to a “Note” or “Revolving Credit Note” shall mean and be a Revolving Credit Note as defined in this Agreement.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Initial Agreement has the meaning set forth in the Recitals.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Note Purchase Agreements means (i) that certain Note Purchase Agreement, dated as of April 16, 2014 among the Parent, the Borrower, and the purchasers party thereto, (ii) that certain Note Purchase Agreement, dated as of December 18, 2014 among the Parent, the Borrower, and the purchasers party thereto, and (iii) that certain Note Purchase Agreement, dated as of June 13, 2018, among the Parent, the Borrower, and the purchasers party thereto, in each case as amended from time to time.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Repayment Agreement means the completed Program Application, including these Terms and Conditions signed by the Producer and an authorized representative of the Administrator.

  • Prior Loan Agreement is defined in Recital A of this Agreement.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of January 1, 2007, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Bridge Note means a promissory note of the Borrower in the form attached as Exhibit B hereto evidencing the Bridge Loan of any Lender.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.