Put Note definition

Put Note means the note payable through which SIG, IGFH or IGF may pay CNA if CNA exercises its rights under the Put Mechanism or the Change of Control Put Mechanism. The terms of the note for each such Mechanism are outlined in subsections 3.8.B.i and 3.8.B.ii, respectively.

Put Note has the meaning set forth in Section 9(a)(iii).

Put Note is defined in Section 7.7(c).

Examples of Put Note in a sentence

• Such failure will also be deemed an Event of Default under the Note and Put Note.

• A Notice of Redemption may not be given in connection with any portion of Note or Put Note for which notice of conversion has been given by the Subscriber at any time before receipt of a Notice of Redemption.

• Except as described in Section 11.1(c) hereof, each Put Note will be identical to the Note except that the Maturity Date will be three years from each Put Closing Date (as hereinafter defined).

• Any Notice of Redemption must be given to all holders of Notes and Put Notes issued in connection with the Initial Offering, in proportion to their holdings of Note and Put Note principal on a Redemption Date.

• Except as described in Section 11.1(c) hereof, each Put Note will be identical to the Note except that the Maturity Date will be two years from each Put Closing Date (as hereinafter defined).

More Definitions of Put Note

Put Note means any promissory note issued by the Company in connection with the exercise by any holder of Warrants of a Put Right (as defined in the Warrants).

Put Note shall have the meaning ascribed to such term in Section 15 below.

Put Note has the meaning set forth in Section 2.1(d) hereof.

Put Note has the meaning ascribed to such term in Section 9(b).

Put Note shall have the meaning given such term in the Securities Purchase Agreement.

Put Note means a promissory note, in form and substance reasonably satisfactory to the Holder, which note shall (i) bear interest at a rate equal to the lesser of (x) the sum of (A) the Base Rate of BBH plus (B) one percent (1%), or (y) the Highest Lawful Rate, and (ii) be payable in either (a) four (4) equal quarterly installments of principal, plus accrued and unpaid interest thereon, through the date of payment in full, if such note is unsecured, or (b) in eight (8) equal quarterly installments of principal, plus accrued and unpaid interest thereon, through the date of payment in full, if, and only if, such note is secured, on a PARI PASSU basis, by all of the collateral then securing the primary credit facility (the "Primary Credit Facility") of the Company, or its operating subsidiaries, as the case may be, and the Holders shall have entered into an intercreditor agreement, reasonably satisfactory in form and substance to the Required Holders, with the lenders under the Primary Credit Facility addressing matters affecting the collateral and the enforcement of remedial rights thereupon, such payments commencing on the date which is the last business day of the first full calendar quarter subsequent to the Put Exercise Date. If the Primary Credit Facility is unsecured or if the Holders are unable to enter into an intercreditor agreement with the lenders under the Primary Credit Facility, then the Put Note shall be payable as provided in clause (ii)(a) above.

Put Note means a senior subordinated promissory note issued by the Parent and its Subsidiaries as joint and several obligors pursuant to Sections 6.16(c), 6.16(g)(i) or 6.16(g)(ii) and in substantially the same form as the Senior Subordinated Promissory Notes (but with appropriate changes pursuant to the requirements of Section 6.16), as it may be amended, restated, modified or supplemented and in effect from time to time.