Restructured Note definition

Restructured Note means a Note Receivable that, after becoming past due, is amended, modified, supplemented, extended or restated, provided that such note shall not be considered a Restructured Note if (i) it is no longer a Delinquent Note Receivable, (ii) it is otherwise an Eligible Note Receivable, and (iii) if as a result of such amendment, modification, supplement, extension or restatement (taking into account any material, positive changes in the financial condition of the related Account Debtor, such as additional equity financing, upon which such amendment, modification, supplement, extension or restatement was conditioned), the economic terms of such note and the rights of Borrower and prospects for payment thereunder are at least as favorable to Borrower as the original contract between such Account Debtor and Borrower, as mutually determined by Borrower and Agent.
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Restructured Note means a Note Receivable that, after becoming past due, is amended, modified, supplemented, extended or restated,provided that such note shall not be considered a Restructured Note if (i) it is no longer a Delinquent Note Receivable, (ii) it is otherwise an Eligible Note Receivable, and (iii) if as a result of such amendment, modification, supplement, extension or restatement (taking into account any material, positive changes in the financial condition of the related Account Debtor, such as additional equity financing, upon which such amendment, modification, supplement, extension or restatement was conditioned), the economic terms of such note and the rights of Borrower and prospects for payment thereunder are at least as favorable to Borrower as the original contract between such Account Debtor and Borrower, as mutually determined by Borrower and Agent.
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Restructured Note has the meaning ascribed to it in Section 3.12.
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Examples of Restructured Note in a sentence

  • Each of the Borrower and Codisco covenants and agrees that, until such date,, it will not undertake to obtain or consent to enter into any amendment, modification or waiver of the terms of the Restructured Note that would have the effect of amending, modifying or causing to be of no effect the above described limitation on assignment of the Restructured Note or enter into any other transaction that would have the effect of an assignment not permitted by the provisions of this Section 2.05.

  • With respect to this Agreement, and all Restructured Loans made by it and any renewals, extensions or deferrals of the payment thereof and any Restructured Note issued to or held by it, the Restructure Agent shall have the same rights and powers hereunder as any Restructure Lender, and may exercise the same as though it were not Restructure Agent, and the term "Restructure Lender" or "Restructure Lenders" shall, unless the context otherwise requires, include Restructure Agent in its individual capacity.

  • If the assignee of any Restructured Loan or Restructured Note is a broker or other intermediary, the Restructure Lender making the assignment shall be required to obtain, prior to such assignment, a representation from such Person that the Restructured Loan and Restructured Note will not be beneficially owned by any Prohibited Assignee.

  • Prior to the transfer of a Restructured Note, each Restructure Lender shall record such information on any exhibit annexed to and forming a part of such Restructured Note.

  • Each of the Borrower and Codisco acknowledges and agrees that until June 15, 2006, the Restructured Note by its terms may not be assigned, directly or indirectly, in any one transaction or any series of transactions, to any Person other than an Affiliate of the Borrower, without the consent of the Lender, such consent not to be unreasonably withheld or delayed.

  • Restructure Agent may deem and treat the payee of any Restructured Note as the owner thereof for all purposes hereof unless and until an Assignment Agreement shall have been lodged with Restructure Agent as provided in Section 12.

  • This Agreement, together with the Restructured Note and Security Agreement, constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof.

  • The Restructured Note is hereby amended by extending the scheduled maturity date of such note from June 30, 2001 until July 13, 2001.

  • Nothing herein is, or shall be construed as, a release of any of the obligations and liabilities of the Borrower to the Bank under the Original Loan Agreement, the Restructured Note, the Winddown Note, and other Loan Documents, as the same are amended hereby, or of any of the Collateral and Additional Collateral securing the Borrower’s obligations to the Bank.

  • At the Holder's Option: Prior to maturity, the principal of any Restructured Note may be converted in full or in part at the option of the holder of such Restructured Note into common stock of the Company at a conversion rate of one share per principal amount of Restructured Notes equal to the Conversion Price.

Related to Restructured Note

  • Restructured Loan means a Single Family Shared-Loss Loan for which the Assuming Institution has received a Restructuring Loss payment from the Receiver. This applies to owner occupied and investor owned residences.

  • Restructured Bond or Loan means an Obligation that is a Bond or Loan and in respect of which the relevant Restructuring has occurred.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Structured group means a group that is not randomly formed for the immediate commission of an offence and that does not need to have formally defined roles for its members, continuity of its membership or a developed structure;

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries or sickness established by settlement or judgment in resolution of a tort claim.