Inventory Note definition

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

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 the promissory note in the form attached hereto as Exhibit B.

Examples of Inventory Note in a sentence

• 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.

• Nothing contained herein shall be construed in any manner so as to affect the validity or prior time lien of any security interest held by Lender, its successors and assigns, in any Collateral described in the Agreement except that the Inventory Deed of Trust shall be limited to a security interest of up to $7,500,000 for the Inventory Note and Receivables Note.

• In the event of a breach of the foregoing warranty, Jafra agrees to credit against principal owing on the Inventory Note (defined below) an amount equal to that which Contractor paid for that portion of the Inventory that does not conform to the foregoing warranty.

• All capitalized terms used herein without definitions shall have the respective meanings provided therefor in the Purchase Agreement or the Products and Intermediates Inventory Note.

• The Debtor shall authorize, issue and deliver to the Lender a promissory note (as amended from time to time, the "Inventory Note") substantially in the form attached to this Agreement as Exhibit B.

More Definitions of Inventory Note

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

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

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

Inventory Note means the note in the amount of $8,400,000 delivered by Debtor to the Lender pursuant to the Inventory Loan Agreement. LENDER -- as defined in the preamble to this Agreement. LETTER OF INTENT -- means, with respect to any request by the Debtor regarding (a) an extension of the Receivables Commitment Period, (b) additional loans to be extended to it by the Lender or (c) the sale of Notes Receivable by the Debtor to the Lender, a letter from the Lender to the Debtor expressing an interest in such request, provided that any such Letter of Intent may incorporate or be subject to conditions and contingencies as are customarily included in such letters and shall not be deemed to be an acceptance of any offer of the Debtor in such request or a commitment or offer by the Lender to make loans to, or purchase Notes Receivable from, the Debtor.

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.