Related Party Notes means the various promissory notes in favor of each of the Related Party Lenders, including but not limited to the promissory notes set forth on Exhibit A hereto.
Related Party Notes means the Amended and Restated Future Advance Promissory Notes dated as of September 30, 2009 made by the Company in favor of the Related Parties, as amended.
Related Party Notes means all notes due from companies affiliated by common ownership, officers, directors, stockholders, or employees. The term "Debt" shall mean all of Borrower's liabilities excluding subordinated debt. The term "Subordinated Debt" shall mean indebtedness and liabilities of Borrower which have been subordinated by written agreement to Indebtedness owed by Borrower to Lender in form and substance acceptable to Lender.
Examples of Related Party Notes in a sentence
Related Party Notes During the year ended September 30, 2020, the Company issued unsecured notes payable to Dr. Mohan, the Company’s Chairman, President and Chief Executive Officer, resulting in cash proceeds of $55,000.
This loan has been reflected in Related Party Notes Receivable on our Consolidated Balance Sheets.
Related Party Notes Pursuant to stock purchase agreements entered into on July 8, 2002, between the Company and each of Steve L.
Consists of interest expense related to the Related Party Notes which were paid off in full during the second quarter of fiscal 2021.
The Related Party Notes mature on July 7, 2017 and accrue interest at an annual rate of 4% per annum.
More Definitions of Related Party Notes
Related Party Notes means all notes due from companies affiliated by common ownership, officers, directors, stockholders, or employees. The term "Debt" shall mean all of Borrower's liabilities excluding subordinated debt. The term "Subordinated Debt" shall mean indebtedness and liabilities of Borrower which have been subordinated by written agreement to Indebtedness owed by Borrower to Lender in form and substance acceptable to Lender. The term "Working Capital" shall mean Borrower's current assets, excluding prepaid expenses, less Borrower's current liabilities. The term "Liquid Assets" shall mean Borrower's cash on hand plus Borrower's receivables. The term "Cash Flow" shall mean net income after taxes, and exclusive of extraordinary gains and income, plus depreciation and amortization. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
Related Party Notes means all promissory notes and other Indebtedness due to Affiliates of the Corporation or to members of Wentworth Management Services, LLC and the promissory notes having an outstanding balance of $11,952,000 as of June 30, 2023, due to certain sellers of PKS Holdings, LLC.
Related Party Notes means, collectively, (a) that certain Subordinated Promissory Note, dated April 28, 2017 in a principal amount of $4,250,802.56, made by the Company in favor of Xxxxxxx X. Xxxxxxx, as trustee of the Xxxxx X. Xxxxx, III Revocable Trust U/A/D January 24, 2017, as amended (including each of the separates trusts established pursuant to Section 5.2(a) of such trust), (b) that certain Subordinated Promissory Note, dated April 28, 2017, in a principal amount of $937,595.45, made by the Company in favor of Xxxx Xxxxx, (c) that certain Subordinated Promissory Note, dated April 28, 2017, in a principal amount of $4,250,427.77, made by the Company in favor of Xxxxx Xxxxx Xxxxxxx 2010 Irrevocable Trust dated 12/21/10, (d) that certain Subordinated Promissory Note, dated April 28, 2017, in a principal amount of $2,013,888.45, made by the Company in favor of Xxxxx X. Xxxxx Revocable Trust, (e) that certain Subordinated Promissory Note, dated April 28, 2017, in a principal amount of $4,250,802.56, made by the Company in favor of Xxxxxx X. Xxxxxx 2010 Irrevocable Trust dated 12/21/10, (f) that certain Subordinated Promissory Note, dated April 28, 2017, in a principal amount of $2,792,923.48, made by the Company in favor of Xxxxx Xxxxx Xxxxxxx, (g) that certain Subordinated Promissory Note, dated April 28, 2017, in a principal amount of $4,250,247.77, made by the Company in favor of Xxxx Xxxxx 2010 Irrevocable Trust dated 12/21/2010, (h) that certain Subordinated Promissory Note, dated April 28, 2017, in a principal amount of $949,800.83, made by the Company in favor of Xxxxxxx X. Xxxxxxx, as Personal Representative of the Estate of Xxxxx X. Xxxxx, III, (i) that certain Subordinated Promissory Note, dated April 28, 2017, in a principal amount of $1,441,344.96, made by the Company in favor of Xxxxxx X. Xxxxxx, and (j) any other promissory note or other similar instrument issued by the Company to any Related Person of the individuals described in clauses (a) through (i) of this definition.
Related Party Notes. 3.30 "SEC" 4.04(b) "Securities Act" 4.04(a) "Shareholders" Preamble "Shareholders' Agreements" 3.02 "Software" 3.29(a) "Software Contracts" 3.29(b) "Surviving Corporation" Preamble EXECUTION COPY AGREEMENT AND PLAN OF MERGER (this "Agreement"), dated as of September 16, 1997, among THE BISYS GROUP, INC., a Delaware corporation, with an address at 000 Xxxxx Xxxx, Xxxxxx Xxxxx, Xxx Xxxxxx 00000 ("Parent"), BI-BSI ACQUISITION CORP., a Delaware corporation and a wholly-owned subsidiary of Parent, with an address at 000 Xxxxx Xxxx, Xxxxxx Xxxxx, Xxx Xxxxxx 00000 ("Acquisition"), Benefit Services, Inc., a Maryland corporation, with an address at 000 Xxxxxxxx Xxxxxx Xxxxx, X.X. Xxx 0000, Xxxxxxxxxxxx, XX 00000 (the "Company"), and the shareholders of the Company, whose names and addresses are set forth on the signature pages hereto (all of said persons, are referred to herein individually as a "Shareholder", and collectively as the "Shareholders"). The Company and Acquisition are hereinafter sometimes referred to as the "Constituent Corporations" and the Company as the "Surviving Corporation."
Related Party Notes means those promissory notes issued to any of the Acquired Companies or any of their Affiliates set forth on Schedule 9.1(e).
Related Party Notes shall have the meaning set forth in Section 2.1(b)(i).
Related Party Notes means the three Promissory Notes by Xxxxx X. Xxxx in favor of Xxxx X. Xxxxxxxxxxx, in the principal amounts of $9,000,000, $7,000,000 and $1,000,000, and dated June 26, 2009, June 25, 2009 and June 26, 2009, respectively, in each case, as in effect as of the date hereof.