Parent Note definition

Parent Note means that certain Subordinated Intercompany Note dated as of January 15, 2008 in the original principal amount of $105,182,577.91 made by the Borrower in favor of Holdings.

Parent Note. The promissory note made or to be made by Parent to Borrower in a principal amount not to exceed $5,000,000, in connection with Parent’s capitalization of Borrower.

Parent Note means each promissory note, in the form of Exhibit M, evidencing the intercompany Loans and advances made by Parent pursuant to Section 8.05(xix).

Examples of Parent Note in a sentence

• Subsequent to December 31, 2020, the Company issued convertible notes to its Acquirer (Note 10) and Parent (Note 10), amounting to $2,500,000 and $2,000,000, respectively.

• The income generated from the delivery of treasury shares to the beneficiaries of the long-term incentives plan (Note 21-a), calculated as the difference between the carrying amount of the shares delivered and the amount of the obligation assumed by the Parent (Note 4-j), which amounted to a loss of 1,131 thousand euros in 2019 (1,513 thousand euros in 2018) was also recognised in the Parent’s reserves.

• The definitive amount of the dividend, as well as the nature of the reserves to be distributed, will be determined prior to its distribution based on the treasury shares held by the Parent (Note 14-f).

• The Company will furnish to any Holder of a Parent Note upon written request and without charge a copy of the Indenture.

• For the avoidance of doubt, the approval of a majority of the Continuing Directors shall not be required to authorize any payments required to be made by the Company, pursuant to, or to otherwise comply with the terms and conditions of, the Parent Note.

More Definitions of Parent Note

Parent Note. As defined in Section 6.2 of the Sale Agreement. PBGC: The Pension Benefit Guaranty Corporation.

Parent Note shall have the meaning ascribed thereto in Section 3.1(b).

Parent Note means the promissory note or notes issued by Parent to the Corporation in an aggregate principal amount of up to $250,000 in the form of Exhibit E.

Parent Note means a promissory note of Parent substantially in the form attached as Exhibit B hereto.

Parent Note. As defined in the Receivables Purchase Agreement.

Parent Note has the meaning set forth in Section 1.2.

Parent Note means any promissory note or other evidence of Indebtedness for borrowed money issued by the Parent to a Strategic Investor.