Note Payment definition

Note Payment means (i) each scheduled Debt Service Payment for the period from the date of prepayment through the Maturity Date and (ii) the scheduled repayment of Principal, if any, on the Maturity Date.

Note Payment means the amount of cash paid by Canadian OpCo to Company upon the Maturity Date, which shall be a minimum amount of Five Million Dollars ($5,000,000) and may, at the sole option of Canadian OpCo, be up to a maximum amount equal to the Principal Amount.

Note Payment has the meaning ascribed to it in Section 2.4.

Examples of Note Payment in a sentence

• All monies deposited from time to time in the Note Payment Account pursuant to this Agreement and the Indenture shall be held by the Indenture Trustee as part of the Trust Property and shall be applied as provided in this Agreement and the Indenture.

• The Note Payment Account shall be held in trust for the benefit of the Noteholders.

• The amounts on deposit in the Note Payment Account shall not be invested.

• The Note Payment Account shall be under the sole dominion and control of the Indenture Trustee; provided, however, that the Servicer may make deposits to and direct the Indenture Trustee in writing to make withdrawals from the Note Payment Account in accordance with this Agreement and the Indenture.

• The Servicer shall promptly notify the Indenture Trustee and the Owner Trustee of any change in the account number or location of the Note Payment Account.

More Definitions of Note Payment

Note Payment has the meaning set forth in Section 9.01.

Note Payment shall have the meaning set forth in Section 4.3 below.

Note Payment means all required payments under the Note.

Note Payment means the receipt by Parent of Proceeds of a payment by, or on behalf of, Borrower on the promissory note dated February 20, 2020, from Borrower in favor of Parent in an original principal amount of $13,956,001.82.

Note Payment means principal, interest or any other sum payable on, or in respect of, the Notes.

Note Payment has the meaning set forth in Section 2.02(a)(iii).

Note Payment has the meaning specified in Section 4.02(a).