Second Note definition

Second Note means the promissory note signed by Borrower together with this Loan Agreement and given to the Secretary to evidence Xxxxxxxx's promise to repay, with interest, Loan Advances by the Secretary secured by the Second Security Instrument

Second Note has the meaning set forth in Section 2.1(b).

Second Note means the “Restated 2019-2 Note” as such term is defined in the Third Second Lien Credit Agreement.

Examples of Second Note in a sentence

• The Closing of the Second Note shall be on or before the dates specified in the Buyer Note.

• The amount then owing under the Second Note shall become immediately due and payable: (i) upon the sale, disposition or transfer of the Property by the Borrower, or (ii) upon the payment in full or refinancing of the First Loan, or (iii) upon an Event of Default hereunder.

• The indebtedness secured by this Second Deed of Trust is a conditional payment obligation and is payable pursuant to the terms set forth in the Second Note.

• If any Encumbrance is in default for any reason, Beneficiary may cure such default without notice, and the cost of curing such default, with interest as set forth in the Second Note, will be secured by this Second Deed of Trust.

• The Company may reject the closing of the back end financing by giving the Buyer written notice at least 30 days prior to the 6 month anniversary of the Second Note of its intent to reject the funding of the Second Note.

More Definitions of Second Note

Second Note has the meaning given in the recitals.

Second Note means that certain 11 3/4% Subordinated Convertible Promissory Note dated June 30, 1994 in the amount of $26,000,000 issued by Tathxx Xxxshore to DeepTech, as amended, restated, supplemented or otherwise modified from time to time.

Second Note means the Secured Convertible Promissory Note made in consideration of a $2.9 million loan made by Holder to Kips Bay.

Second Note means the mortgage note executed to evidence the Mortgagor’s obligation to repay a Second Mortgage Loan, if any, which instrument shall be in the then- effective form required by the Issuer and substantially in the form as set forth in the applicable Administrator’s Guidelines.

Second Note shall have the meaning provided in the first paragraph of the Recitals.

Second Note means the secured promissory note, in the form attached hereto as Exhibit E, to be issued by Buyer to Seller pursuant to Section 2.2(c).

Second Note means the Senior Second Lien Secured Convertible Note due 2025, dated April 13, 2021, issued by the Issuer in favor of the Second Holder.