Junior Note definition

Junior Note shall have the meaning assigned to such term in the recitals.

Junior Note means Note B.

Junior Note has the meaning provided in the Recitals hereto.

Examples of Junior Note in a sentence

• The Junior Noteholder assumes all risk of loss in connection with the Junior Note except as specifically set forth herein.

• The Junior Note shall not be deemed to be a security within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.

• Notwithstanding anything to the contrary contained herein, each Person holding an interest in the Junior Note shall be deemed to be a Junior Noteholder for purposes of the rights and restrictions contained in Section 19(a) and this Section 19(b), and shall be subject to the rights and restrictions thereof with respect to such Person’s interest in the Junior Note.

• The Junior Notes and the right of the Junior Note Holders to receive payments with respect to their Junior Notes shall, subject to the provisions of this Agreement, at all times be junior, subject and subordinate to each Senior Note and the rights of each Senior Note Holder to receive payments with respect to its respective Senior Note.

• The Junior Notes and the right of each Holder of a Junior Note to receive payments with respect to its respective Junior Note shall, subject to the provisions of this Agreement, at all times be junior, subject and subordinate to each Senior Note and the rights of each Holder of a Senior Note to receive payments with respect to its respective Senior Note.

More Definitions of Junior Note

Junior Note means the promissory note, dated March , 2009, from the Borrowers, as makers, to the Junior Creditor, as payee, in the original principal amount of $2,000,000.00, as the same may be amended, renewed, restated, consolidated, replaced and otherwise modified from time to time.

Junior Note means each Note issued by the Owner to the Junior Loan Participants pursuant to Section 2(a)(i) of the Facility Agreement and any such Note issued in exchange or replacement therefor pursuant to Section 14(d) or 14(e) of the Facility Agreement.

Junior Note means each Note issued by the Owner to the Junior Purchasers pursuant to Section 2(a)(i) of the Note Purchase Agreement and any such Note issued in exchange or replacement therefor pursuant to Section 14(d) or 14(e) of the Note Purchase Agreement.

Junior Note means a promissory note of the Company payable to any Junior Loan Lender or its registered assigns, in substantially the form of Exhibit A-2 hereto, evidencing the aggregate Debt of the Company to such Junior Loan Lender resulting from the Junior Loans deemed made by such Junior Loan Lender.

Junior Note means the Junior Promissory Note dated the Closing Date from the Borrower, including all riders and addenda thereto, evidencing the Borrower’s obligation to repay the Junior Loan, as the same may be amended, supplemented or restated from time to time, which Junior Promissory Note will be delivered to the Issuer and endorsed by the Issuer to the Trustee.

Junior Note means the Mezzanine A Note, the Mezzanine B Note and the Mezzanine C Note, individually or collectively as the context may require.

Junior Note or “A-2 Note” shall mean any of Note A-2A, Note A-2B or Note A-2C.