Management Promissory Notes definition

Management Promissory Notes means the (i) Full Recourse Secured Promissory Note dated as of September 11, 2019, by Sohier Hall in favor of the Company in principal amount of $92,004.84, (ii) Full Recourse Secured Promissory Note dated as of November 30, 2019, by Matt Hall in favor of the Company in principal amount of $92,004.84 and (iii) Full Recourse Secured Promissory Note dated as of November 30, 2019, by Tyler Simpson in favor of the Company in principal amount of $92,004.84.
Sample 1
Management Promissory Notes means the (i) Full Recourse Secured Promissory Note dated as of September 11, 2019, by Sxxxxx Xxxx in favor of the Company in principal amount of $92,004.84, (ii) Full Recourse Secured Promissory Note dated as of November 30, 2019, by Mxxx Xxxx in favor of the Company in principal amount of $92,004.84 and (iii) Full Recourse Secured Promissory Note dated as of November 30, 2019, by Txxxx Xxxxxxx in favor of the Company in principal amount of $92,004.84.
Sample 1
Management Promissory Notes has the meaning set forth in Section 2.04(b).
Sample 1

Examples of Management Promissory Notes in a sentence

  • The Promissory Notes and the Management Promissory Notes shall be subject to the set off rights, and upon conversion, hold back rights described in Section 8.3. The parties acknowledge that Nations has bargained for Michxxx X'Xxxxx xxx Jamex Xxxxxxx (xxe "Company Management") to continue with the Company after the Closing Date for two years.

  • The stock was issued in exchange for an aggregate of $4,498,000 currently outstanding principal amount in non-interest bearing, full recourse promissory notes (the "Management Promissory Notes") due May 23, 2000 from the participating managers who are Management Investors.

  • Should Company Management voluntarily terminate or be terminated for Compelling Cause (as defined in the Employment Agreement) other than death or disability then a portion of the Purchase Price to be received by Company Management shall be reduced as contemplated by the promissory notes issued to Company Management ("Management Promissory Notes") the form of which is attached hereto as Exhibit B.

  • Seller confirms that the Management Members have covenanted pursuant to the Management Equity Purchase Agreement to use such debt proceeds distribution to pay off in full the Management Promissory Notes promptly upon receipt.

  • Shareholders agree that Nations may set off against and recoup from the Promissory Notes and/or the Management Promissory Notes any Indemnifiable Damages for which the Shareholders may be responsible pursuant to this Agreement.

  • The Management Promissory Notes will not accelerate on termination of employment.

  • The Management Promissory Notes and related security arrangements will be split pro rata between Medic and Citron.


More Definitions of Management Promissory Notes

Management Promissory Notes has the meaning set forth in the Background.
Sample 1
Management Promissory Notes means the promissory notes listed on Schedule 1 issued by the management Sellers to the Company in connection with such management Sellers purchase of Series C Preferred Shares.
Sample 1
Management Promissory Notes means promissory notes which may be issued by the Borrower or a Subsidiary of the Borrower to the holders of any Management Equity Interests of the Borrower or such Subsidiary in exchange for such Management Equity Interests held by such holders; provided that (a) such promissory notes are expressly subordinated to the Notes, (b) such notes are not secured by any Lien on any property or assets of the Borrower or any of its Subsidiaries, (c) such promissory notes provide that any payment that is to be made pursuant to or in connection with the provisions of such promissory notes, including, without limitation, payments of principal or interest on such notes, in each case in cash, may be made only to the extent permitted under Section 9.06(iii) (as such Section may be amended or modified from time to time or any similar provision in any agreement relating to the extension, substitution, renewal or refinancing of the Obligations) after giving effect to all other Restricted Junior Payments made to any other Management Equity Holder prior to or concurrently therewith and (d) such promissory notes are on terms (other than pricing and maturity) and conditions no less favorable to the Loan Party and the Lenders than the subordination terms set forth in Schedule 1.01(A).
Sample 1

Related to Management Promissory Notes

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Secured Promissory Note is defined in Section 2.4.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Secured Promissory Note Record is a record maintained by each Lender with respect to the outstanding Obligations owed by Borrower to Lender and credits made thereto.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Second Lien Notes Documents means the Second Lien Notes Indenture, the Second Lien Notes and all other agreements, instruments and other documents pursuant to which the Second Lien Notes have been or will be issued or otherwise setting forth the terms of the Second Lien Notes.

  • Senior Notes Documents means the Senior Notes, the Senior Notes Indenture, the Senior Notes Guarantees and all other documents executed and delivered with respect to the Senior Notes or the Senior Notes Indenture.

  • Farm-Out Agreement means a Farm-In Agreement, viewed from the standpoint of the party that transfers an ownership interest to another.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Second Lien Security Agreement means the Second Lien Security Agreement, dated as of the date hereof, among the Initial Borrower, the Parent Borrower, certain Subsidiaries of the Parent Borrower from time to time party thereto and the Second Lien Notes Collateral Agent, as amended, restated, waived, restructured, renewed, extended, supplemented or otherwise modified from time to time or as replaced in connection with any Refinancing, extension, refunding or replacement of the Second Lien Notes Indenture.

  • Collateral Acquisition Agreements means each of the agreements entered into by the Issuer in relation to the purchase by the Issuer of Collateral Debt Obligations from time to time.

  • Senior Secured Credit Facilities means the revolving credit facility and other credit facilities under the Credit Agreement, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings, refinancings or replacements thereof and any one or more indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund, supplement or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, trustee, lender or group of lenders or holders.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent before the Issue Date in respect of a first priority pledge over the Escrow Account and all funds standing to the credit of the Escrow Account from time to time, granted in favour of the Agent and the Holders (represented by the Agent).

  • Subordinated Note Documents means the Subordinated Notes, the Subordinated Note Purchase Agreement, the “Fee Letter” under and as defined in the Subordinated Note Purchase Agreement and any other Note Document (as defined in the Subordinated Note Purchase Agreement).

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Subordinated Indebtedness Documents means any document, agreement or instrument evidencing any Subordinated Indebtedness or entered into in connection with any Subordinated Indebtedness.

  • Subordinated Debt Documents means any documents evidencing and/or securing Debt governed by a Subordination Agreement, all of which documents must be in form and substance acceptable to Agent in its sole discretion. As of the Closing Date, there are no Subordinated Debt Documents.

  • Subordinated Loan Documents means the Subordinated Credit Agreement, the promissory notes executed and delivered pursuant to the Subordinated Credit Agreement, and each other agreement, instrument, or document executed by the Borrower or any of its Subsidiaries or any of their Responsible Officers in connection with the Subordinated Credit Agreement.