Purchaser Notes definition
Examples of Purchaser Notes in a sentence
Upon the request of the Eligible Assignee (and, as applicable, the assigning Purchaser) pursuant to an effective Assignment Agreement, each Issuer shall execute and deliver to such Eligible Assignee (and, as applicable, the assigning Purchaser) Notes in the aggregate principal amount of the Eligible Assignee’s Notes (and, as applicable, Notes in the principal amount of the Notes retained by the assigning Purchaser).
Seller will not (i) engage in any business other than the transactions contemplated by the Transaction Documents; (ii) incur any indebtedness, obligation, liability or contingent obligation of any kind other than pursuant to this Agreement or the Purchase and Sale Agreement (including the SPV Purchaser Notes issued pursuant thereto); or (iii) form any new Subsidiary or make any investments in any other Person (except for investments in CoBank to the extent required by Section 7.1(k)).
The Company shall have issued to each such Purchaser Notes in the respective principal amounts set forth below such Purchaser's name on Annex 1.
Upon the Company's receipt of Identified Proceeds, the Company shall be required to reduce the principal amount outstanding under the Notes by prepaying the Notes in an aggregate amount equal to the lesser of (x) the outstanding principal, together with all accrued interest, under all notes issued to Purchasers (the "Purchaser Notes") and (y) (i) 50% of the first $200 million of aggregate Identified Proceeds, and (ii) 100% of aggregate Identified Proceeds in excess of $200 million.
Beneficial interests in the Initial Purchaser Notes may only be held by or on behalf of the Initial Purchasers.