Examples of Purchase Money Note in a sentence
The Debtor (a) shall at all times have in effect and be subject to the LLC Operating Agreement, (b) except as is otherwise expressly permitted therein, shall not amend or modify in any material respect the LLC Operating Agreement without the prior written approval of the Purchase Money Note Guarantor, and (c) shall not enter into or allow itself to become subject to any other constituent documents inconsistent with any terms of the LLC Operating Agreement.
No provision of this Agreement may be amended or waived except in writing executed by all of the parties to this Agreement, except for Article II, any provision of which may be amended and waived in writing executed by the Debtor and Purchase Money Note Guarantor.
All payments by the Debtor to the Purchase Money Note Guarantor hereunder shall be made free and clear of set-off or counterclaim in lawful currency of the United States and in immediately available funds.
The Debtor will duly and punctually pay, or cause the Custodian/Paying Agent to pay, the principal and interest of the Purchase Money Note as it comes due in accordance with the terms of the Purchase Money Note, this Agreement and the Custodial and Paying Agency Agreement.
On each Distribution Date, the Debtor will direct the Custodian/Paying Agent to distribute amounts on deposit in the Distribution Account to Collateral Agent in payment of any amounts owed by the Debtor to Purchase Money Note Guarantor or Collateral Agent pursuant to this Agreement, subject to the priority of payments set forth in Section 5.1 of the Custodial and Paying Agency Agreement and the other terms thereof.