Note Issuance Agreement definition
Examples of Note Issuance Agreement in a sentence
The terms of the Notes include those stated in the Note Issuance Agreement and the Notes are subject to all such terms incorporated herein by reference thereto, and may be amended from time to time.
The Lender’s rights to cash proceeds of life insurance policies owned directly or indirectly by the Issuer is subordinate to amounts owed to the senior Liquidity Providers pursuant to the terms of the Note Issuance Agreement.
Under the Note Issuance Agreement, the Issuer assigns and pledges to the LifeNote Trust on behalf of Lender to secure the payment of the principal and interest on the Notes, and the performance of all covenants made by the Issuer under the Note Issuance Agreement and grants the LifeNote Trust on behalf of Lender a security interest in the Collateral.
The Collateral includes (i) all interests in subsidiaries of the Issuer, (ii) all investment earnings thereon, and all other property at any time made subject to the Note Issuance Agreement pursuant to the provisions of the Note Issuance Agreement, (iii) all proceeds of the Collateral, except as otherwise provided in the Note Issuance Agreement, and (iv) all accounts and general intangibles owned by the Issuer.
Subject to Section 5.2 of the Exchange and Note Issuance Agreement, one member of the Board designated by the Requisite Holders of TCW Sub Notes (whether serving on the board of directors of Inland or any Subsidiary) and one observer designated by the Requisite Holders of TCW Sub Notes shall be entitled to reimbursement of reasonable travel and other expenses at a level not less than that received by other members of the Board.