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 shall have the meaning set forth in the recitals.
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Examples of Initial Promissory Note in a sentence

  • 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.

  • 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.

  • All references in the Initial Promissory Note to the “Security Agreement” shall mean this Agreement, as the same may be amended, modified, supplemented, or replaced from time to time.

  • 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.

  • The amounts paid to Seller in cash hereunder are referred to herein as the "Cash Purchase Price." Seller agrees to the set off of the Initial Promissory Note, if any, as set forth therein and herein.

  • In furtherance and not in limitation of the foregoing, the Company shall be entitled to withhold from each Cash Bonus and from any loan proceeds under the Initial Promissory Note and the Second Promissory Note, and to pay over to the relevant taxing authorities, all amounts the Company is required to withhold either with respect to such Cash Bonus or by reason of the Conversion.

  • 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”).

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

  • The parties shall use their reasonable best efforts to obtain the consent under the existing convertible notes of the Required Holders (as defined therein) to the grant of the springing security interest set forth in the Initial Promissory Note.

  • Even nano-scale layers of dirt or particles can have a detrimental effect on the functioning of a product and render it worthless.


More Definitions of Initial Promissory Note

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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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 B-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 that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • 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 hereto.

  • 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.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • 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 an agreement

  • 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 any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

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