New Term Note definition

New Term Note means, for each Class of New Term Loans, a promissory note in substantially the form of Exhibit C-1 with, subject to Section 2.14, such changes as shall be agreed to by the Borrower and the New Term Lenders providing such Class of New Term Loans and reasonably satisfactory to Administrative Agent, as it may be amended, restated, supplemented or otherwise modified from time to time.

New Term Note means a promissory note of the Borrower payable to any Lender, in the form of Exhibit A-2 hereto (as such promissory note may be amended, endorsed or otherwise modified from time to time), evidencing the aggregate Indebtedness of the Borrower to such Lender resulting from outstanding New Term Loans, and also means all other promissory notes accepted from time to time in substitution therefor or renewal thereof.

New Term Note shall have the meaning provided in Section 1.05(a).

Examples of New Term Note in a sentence

• As of the Petition Date, the balance due and owing under the New Term Note is approximately $1,300,000.00 (the “Prepetition Obligations”).

• Pursuant to that certain Loan Sale Agreement (the “ dated March 25, 2020 (the “Loan Sale Agreement”), by and between CHCT (in its capacity as the assignee of the Bank, the “Prepetition Lender”) and the Bank, Prepetition Lender acquired the New Term Note, the Prepetition UCCs (as defined herein) and received a partial payment on the New Term Note in the amount of $1,200,000.00 from accounts secured by the Prepetition UCCS (the “Partial Repayment”).

• Pursuant to the New Term Note Assignment, the Prepetition UCCs were assigned to Prepetition Lender.

• The New Term Note shall evidence all amounts owed by the Borrower to the Bank with respect to the Term Credit.

• Therefore, a less uncertainty R&D project will give the entrant more bargaining power in the licensing process and result in a lower licensing fee.

More Definitions of New Term Note

New Term Note means a promissory note substantially in the form of Exhibit IV, with such changes as may be necessary or appropriate to evidence a New Term Loan of the applicable Series.

New Term Note means a promissory note delivered by the Borrower to a New Term Lender to evidence any New Term Loan.

New Term Note shall have the meaning set forth in Section 2.8(d).

New Term Note means a promissory note of the Lux Borrower payable to any Lender, in the form of Exhibit A‑2 hereto (as such promissory note may be amended, endorsed or otherwise modified from time to time), evidencing the aggregate Indebtedness of the Lux Borrower to such Lender resulting from outstanding New Term Loans, and also means all other promissory notes accepted from time to time in substitution therefor or renewal thereof.

New Term Note shall have the meaning assigned to such term in Section 2.3(f).

New Term Note means, with respect to each New Term Lender, that certain New Term Note, substantially in the form of Exhibit A hereto, made by the Borrower to each such New Term Lender.

New Term Note means that certain term promissory note in an amount not in excess of $10,000,000.00 in the form of Exhibit “A-1” attached hereto, together with all renewals, extensions, and modifications thereto.