Lyondell Note definition

Lyondell Note means that certain promissory note in the aggregate principal amount of $345 million dated December 1, 1997 payable to the Partnership by Lyondell LP.
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Lyondell Note. The promissory note dated December 1, 1997, in the amount of $345 million payable by Lyondell LP to the Partnership. Maximum Amount. The maximum nonusurious amount of interest that may be lawfully contracted for, charged or received by any person in connection with any indebtedness arising under this Agreement under all Applicable Usury Laws. Millennium. See first WHEREAS clause. Millennium America. Millennium America Inc., a Delaware corporation. Millennium GP. See introductory paragraph to this Agreement. Millennium LP. See introductory paragraph to this Agreement.
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Lyondell Note. The promissory note dated December 1, 1997, in the amount of $345 million payable by Lyondell LP to the Partnership. Maximum Amount. The maximum nonusurious amount of interest that may be lawfully contracted for, charged or received by any person in connection with any indebtedness arising under this Agreement under all Applicable Usury Laws. Millennium. See first WHEREAS clause. Millennium America. Millennium America Inc., a Delaware corporation. Millennium America Guarantee. See Section 8.6(c). Millennium America Guaranteed Debt. The portion, if any, of the debt outstanding under the Bank Credit Agreement and the portion, if any, of any debt that refinances the debt outstanding under the Bank Credit Agreement or any subsequent refinancing thereof (in any case, not to exceed a guarantee of $750 million principal amount), in each case to the extent such debt is guaranteed by Millennium America, or an Affiliate thereof, as contemplated by Section 8.6(c). Millennium GP. See introductory paragraph to this Agreement. Millennium LP. See introductory paragraph to this Agreement.
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Examples of Lyondell Note in a sentence

  • In the case of Lyondell LP, the failure to pay any interest or principal when due on the Lyondell Note or, in the case of any Partner, the failure to pay any interest or principal when due on any indebtedness for borrowed money of such Partner or any Affiliate of such Partner to the Partnership.

  • All principal and interest received on the Lyondell Note shall be distributed among the Initial Partners in the ratio of the Units owned by them prior to the admission of the Occidental Partners.

  • All principal and interest received on the ---------------------- Lyondell Note shall be distributed among the Initial Partners in the ratio of the Units owned by them prior to the admission of the Occidental Partners.

  • In the case of Lyondell LP, the ----------------------------- failure to pay any interest or principal when due on the Lyondell Note or, in the case of any Partner, the failure to pay any interest or principal when due on any indebtedness for borrowed money of such Partner or any Affiliate of such Partner to the Partnership.

  • During the period from December 1, 1997 (inception) to December 31, 1997, the Partnership accrued $1.75 million of interest income related to the Lyondell Note.

  • Thereupon, its Capital Account will be credited with the amount set forth on Schedule 2.3. In addition, on the Closing Date, Lyondell LP will execute and deliver to the Partnership the Lyondell Note.

  • If the Lyondell Note is repaid prior to Closing, distributions shall be made to the Initial Partners pro rata, in an aggregate amount equal to the aggregate amount of such payment of principal and interest.

  • Thereafter, its Capital Account will be increased as and to the extent principal payments are made on the Lyondell Note.

  • The Lyondell Note will be repaid to the Partnership at the earlier of 3 years from the date the Partnership commenced operations or 30 days after a financing at LCR, a joint venture investment of Lyondell, which results in the repayment of LCR's existing $450 million 5-year term loan and a distribution to Lyondell of at least $345 million.

  • NOTE RECEIVABLE FROM LYONDELL LP Upon formation of the Partnership, Lyondell LP also contributed capital to the Partnership in the form of a $345 million promissory note (the "Lyondell Note").


More Definitions of Lyondell Note

Lyondell Note means that certain promissory note in the aggregate principal amount of $345 million dated December 1, 1997 payable to Equistar by Lyondell LP.
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Related to Lyondell Note

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Restricted Certificated Note means a Certificated Note bearing the Private Placement Legend.

  • Restricted Definitive Note means a Definitive Note bearing the Private Placement Legend.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Restricted Note has the same meaning as “Restricted Security” set forth in Rule 144(a)(3) promulgated under the Securities Act; provided that the Trustee shall be entitled to request and conclusively rely upon an Opinion of Counsel with respect to whether any Note is a Restricted Note.

  • Certificated Note means a Note in registered individual form without interest coupons.

  • Unrestricted Definitive Note means one or more Definitive Notes that do not bear and are not required to bear the Private Placement Legend.

  • RMB Note means a Note denominated in Renminbi.

  • IAI Global Note means a Global Note substantially in the form of Exhibit A1 hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold to Institutional Accredited Investors.

  • 144A Global Note means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A.

  • Rule 144A Global Note has the meaning assigned to it in Section 2.1(d).

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

  • Individual Note A Note of an Original Note Principal Balance of $25,000; a Note of an Original Note Principal Balance in excess of $25,000 shall be deemed to be a number of Individual Notes equal to the quotient obtained by dividing such Original Note Principal Balance amount by $25,000.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • 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.

  • Retained Note means any Notes held by the Issuer (or any other person treated as the same person as the Issuer for U.S. federal income tax purposes), but only so long as such Notes are held by such entity, until such time as such Notes are transferred in accordance with the terms and conditions of Section 2.04 of the Indenture.

  • Restricted Definitive Security means a Definitive Security bearing the Private Placement Legend.

  • Transfer Restricted Definitive Notes means Definitive Notes that bear or are required to bear or are subject to the Restricted Notes Legend.

  • Existing Note means a Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.

  • U.S. Global Note means a Global Note that bears the Restricted Legend representing Notes issued and sold pursuant to Rule 144A.

  • Supplemental Note means, for each Supplemental Loan (whether one or more), if any, the Multifamily Note secured by the Supplemental Instrument for that Supplemental Loan.

  • Restricted Global Note means a Global Note bearing the Private Placement Legend.

  • Unrestricted Definitive Security means Definitive Securities and any other Securities that are not required to bear, or are not subject to, the Restricted Securities Legend.

  • Restricted Notes Legend means the legend set forth in Section 2.2(f)(i) herein.

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