Parent Promissory Note definition

Parent Promissory Note means the promissory note dated 16th March 1998 pursuant to which UIH Europe, Inc. agreed to lend up to $100,000,000 to the Parent;

Parent Promissory Note a promissory note of Parent, evidencing the loan made on the Closing Date by the US Borrower to Parent, substantially in the form of Exhibit G-5.

Parent Promissory Note shall have the meaning set forth in Section 5.1(a)(xxvi).

Examples of Parent Promissory Note in a sentence

• Concurrently with the execution of this Agreement, the Parent agrees that it will lend to the Company $250,000 and that the Company shall issue a promissory note in favor of the Parent (the "Parent Promissory Note"), which note is substantially in the form attached hereto as Exhibit 7.18.

• If this Agreement is terminated by the Company pursuant to Section 14.1(b)(ii), then the Company's obligation to repay the Parent Promissory Note shall be cancelled ("Parent Break-up Fee") and the Parent and Acquisition Sub shall be relieved from any liability in connection with any termination or breach of this Agreement, whether intended, willful or otherwise.

• The proceeds of the Term Loan Facility shall be used to (i) repay the Existing Facilities, (ii) repay approximately $400.0 million of Permitted Vehicle Indebtedness, (iii) fund a loan of up to $123,100,000 to Parent under the Parent Promissory Note to fund the redemption of Parent’s preferred equity and (iv) pay the related fees, commissions, premiums and expenses in connection therewith.

• The Shareholders’ Representative shall, upon receipt of any replacement Parent Promissory Note reflecting such reduced amount, promptly return the original copy of any previously received Parent Promissory Note to Parent marked “Replaced.” Parent agrees to provide to Shareholder’s Representative a description of all such Damages in reasonable detail promptly following the incurrence thereof.

• Parent shall take, or cause to be taken, all actions necessary, proper or advisable to cause the security interest granted under the Master Parent Promissory Note to be perfected as promptly as practicable following the Closing by the filing of a form UCC-1 financing statement (in a form acceptable to the Company prior to Closing) in the appropriate jurisdiction and in accordance with Section 4 of the Master Parent Promissory Note.

More Definitions of Parent Promissory Note

Parent Promissory Note means that certain promissory note, dated September 6, 2005, in the principal amount of $2,000,000.

Parent Promissory Note means the $60 million promissory note of the Parent issued to Westinghouse Electric Corporation on May 15, 1997, which is due and payable on May 15, 2003.

Parent Promissory Note is defined in the fourth recital.

Parent Promissory Note means the subordinated promissory note, in the form of Exhibit 7.2(d), to be executed by Parent on the Closing Date, pursuant to which Parent shall agree to pay to the Shareholders’ Representative, on behalf of the Cirronet Shareholders and Xxxxxxx, Three Million Dollars ($3,000,000) plus accrued interest thereon annually at a rate equal to 6.5%, subject to reduction pursuant to Section 1.9 and Section 9.8.

Parent Promissory Note. Schedule A, Section 1.2(pp) “Parent Recommendation” Recital G “Parent Representatives” Section 6.10(a) “Parent SEC Reports” Section 4.7(a) “Parent Shareholder Matters” Section 6.1(a)

Parent Promissory Note means the unsecured promissory note issued by Parent to the Sponsor on August 11, 2017, as amended and restated on May 3, 2018;

Parent Promissory Note means the promissory note, in the form of Exhibit B, to be executed by Parent prior to the Effective Time, pursuant to which Parent shall agree to pay to the Shareholders' Representative, on behalf of the Shareholders, on the third anniversary of the Closing Date, five million dollars ($5,000,000) plus interest accrued thereon annually at a rate equal to LIBOR plus fifty (50) basis points, subject to reduction pursuant to Section 9.10 hereof and in accordance with the terms thereof.