Inventory Note definition

Inventory Note has the meaning set forth in (S) 2.5.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Inventory Note. The Inventory Note given by Purchaser, as maker, to Seller, as payee, in the form of Exhibit G hereto.

Inventory Note means the promissory note in the form attached hereto as Exhibit B.

Examples of Inventory Note in a sentence

• The Buyer's payment of the Inventory Note shall be secured by a security interest in the Inventory pursuant to an Inventory Security Agreement (the "Inventory Security Agreement") in substantially the form of Exhibit D hereto, which the Buyer shall execute and deliver to the Seller at the Closing.

• The Buyer's payment of the Inventory Note shall be secured by a security interest in the Inventory pursuant to an Inventory Security Agreement (the "Inventory Security Agreement") in substantially the form of Exhibit D hereto, which the Buyer shall execute and deliver to the Seller on June 30, 2001.

• The principal amount of the Inventory Note shall be equal to the sum of the Raw Materials and Supply Inventory Amount plus the Work-in-Process and ---- Finished Goods Inventory Amount.

• The Buyer will remit cash payments to the Seller in the amount of the purchase price paid by the Buyer for any Inventory determined pursuant to Exhibit E which is consumed or sold, such payments to be made within forty-five (45) days of consumption or shipment (as applicable) of such Inventory as a mandatory prepayment of the Inventory Note.

• Each such payment shall automatically reduce the balance outstanding on the Inventory Note by the amount of such payment, and the Buyer shall pay the outstanding balance on the Inventory Note, if any, to the Seller on the date which is 230 days after June 30, 2001.

More Definitions of Inventory Note

Inventory Note means an amended and restated promissory note dated as of August 31, 2020, in the initial principal amount of $34,604,426 evidencing the obligation of the Company to repay sums advanced by an Affiliate to enable the Company to purchase Inventory.

Inventory Note means either the Secured Inventory Note or the Unsecured Inventory Note, whichever is applicable.

Inventory Note means that certain Secured Promissory Note in favor of Seller, in substantially the form attached hereto as Exhibit A, which shall initially have a principal face amount equal to the Estimated Inventory Amount.

Inventory Note shall have the meaning given to such term in the Recitals.

Inventory Note means the Promissory Note (Inventory Financing) to be executed by Borrower pursuant to Section 2.3 Promissory Notes in the form of Exhibit B hereto, which is incorporated herein by reference, and any and all renewals, extensions, modifications, and replacements thereof.

Inventory Note means the promissory note, payable by NXP to Dutch Newco, in the amount provided in Section 2.1(c)(ii), to be issued by NXP for the acquisition by Trident of the Transferred Inventory if the transfer alternative in Section 2.1(c)(ii) is used.

Inventory Note has the meaning set forth in Section 1.3(d).