Long-Term Note definition

Long-Term Note means the promissory note of the Purchaser payable to the order of the Sellers in the form set forth as Exhibit 2(b)(i).
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Long-Term Note shall have the meaning provided in Section 2.02(b) of this Agreement.
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Long-Term Note means that certain note dated as of November 9, 2022, by and among the Company, Sxxxx Xxxxxx Sub, Sxxxx Xxxxxx, Jxxxx Xxxxxxx, Sxxxx Xxxxx, and Bxxxx Xxxx, as the Sellers and Sxxxx Xxxxxx, as representative of each seller.
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Examples of Long-Term Note in a sentence

  • Fundamentals of Increasing Population Continue to Drive Grain Demand Over the Long-Term Note: Grains include corn, wheat, barley, oats and sorghum.

  • An offset pursuant to this subsection shall affect the timing and amount of payments required under the Long-Term Note in the same manner as if the Purchaser had made a permitted prepayment (without premium or penalty) thereunder.

  • Accordingly, each holder of a Long-Term Note and a QUIDS Note issued with OID generally will be required to include amounts in gross income in advance of the payment of cash in respect of such income.

  • The holder's tax basis in its Long-Term Note or QUIDS Note will be reduced by a like amount.

  • It carries an annual interest rate of 4% until the first anniversary of issuance, then 8% thereafter until the Long-Term Note is paid in full.

  • If such bond premium is amortized, the amount of stated interest on the Long-Term Note or QUIDS Note that must be included in the holder's gross income for each period ending on an interest payment date or at the maturity date, as the case may be, will (except as Treasury Regulations may otherwise provide) be reduced by the portion of bond premium allocable to such period based on the note's yield to maturity.

  • If no comparable maturity exists for a Long-Term Note, the coupon rate will be set in consultation with the syndicate book-running managers of the applicable New Money Notes to initially price such Long-Term Notes at par.

  • Any OID will accrue over the term of the Long-Term Note and the QUIDS Note based on the constant interest method (with the amount of OID attributable to each accrual period allocated ratably to each day in such period).

  • Holders of Allowed Claims who receive Long-Term Notes will receive one Long-Term Note from each of ETrans, GTrans and Gen.

  • Under the market discount rules, a holder is required to treat any principal payment on, or any gain recognized on the sale, exchange, retirement or other disposition of, a Long-Term Note or QUIDS Note as ordinary income to the extent of the market discount that has not previously been included in income and is treated as having accrued on such note at the time of such payment or disposition.


More Definitions of Long-Term Note

Long-Term Note shall have the meaning given it in Section 2.2 hereof.
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Long-Term Note means that certain promissory note to be executed by the Buyer in favor of Tilia, substantially in the form of EXHIBIT D-2 hereto;
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Long-Term Note means the Senior Secured Subordinated Note to be issued by the Company to the Purchaser at the Final Closing, substantially in the form attached as Exhibit A-2.
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Long-Term Note shall have the meaning set forth in Section 2.1.7(c).
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Long-Term Note shall have the meaning set forth in the Recitals.
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Long-Term Note means the promissory note executed by the Company and delivered to the Principal, dated as of the date of the Closing, in the form of Exhibit D attached to this Agreement.
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Related to Long-Term Note

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • Long-term care means the system through which the Department provides a broad range of social and health services to eligible adults who are aged, blind, or have disabilities for extended periods of time. This includes nursing homes and state hospitals (Eastern Oregon and Oregon State Hospitals).

  • Long-term contract means a contract with a duration period exceeding one year;

  • Medium Term Notes means Securities that are collateralized in an amount equal to their full Outstanding principal amount and have a Stated Maturity in excess of 270 days after the date of original issuance thereof.

  • Long-Term Debt means debt repayable over a period exceeding one year;

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Long-Term Rating means, for any entity (a) in the case of Moody’s, the long-term senior unsecured debt rating of such entity and (b) in the case of S&P, the long-term issuer credit rating of such entity.

  • Long-term means that the effect of the impairment has lasted or is likely to last for at least twelve months (there are special rules covering recurring or fluctuating conditions)

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • 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.

  • Long-Term Indebtedness means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

  • Long-Term Performance Award means an award under Section 10 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Lender, substantially in the form of Exhibit B-2.

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.