Second Promissory Note definition

Second Promissory Note has the meaning ascribed to such term in the Merger Agreement.

Second Promissory Note means that certain Promissory Note, dated as of the date of Closing, issued by the Buyer in favor of the Sellers in the principal amount of Four Million Dollars ($4,000,000), having a term which matures on the earlier of (i) the date of execution of a definitive *** agreement *** between the Company and ***

Second Promissory Note shall have the meaning assigned to such term ---------------------- in Section 2.02.

Examples of Second Promissory Note in a sentence

• The closing of the purchase and sale of the Second Debenture and the issuance of the Second Promissory Note shall occur within thirty days of the Second Debenture Date.

• Upon information and belief, at the time that they purportedly took possession of the First Promissory Note, Second Promissory Note, First Deed of Trust and/or Second Deed of Trust, Defendants Citimortgage, HSA, Greenwich, and Market knew or should have known that Island Mortgage gave no consideration to the Moritzes for the Promissory Notes or Deeds of Trust and/or Island Mortgage had obtained the same by defrauding the Moritzes.

• The Second Promissory Note shall be payable to Transferor in the amount of $850,000, representing the obligation of the Company to repay to Transferor $850,000 of the next most current outstanding Retained Trade Payables due from the Company to Transferor, which are amounts due in the ordinary course under the Supply Agreement, in the form attached hereto as Part II to Exhibit B.

• The Second Promissory Note shall be substantially the same form as attached hereto as Exhibit "C".

• The Second Promissory Note bears an annual interest rate of 7.0% with a grace period of one year and a maturity date on November 17, 2019.

More Definitions of Second Promissory Note

Second Promissory Note has the meaning set out in Section 2.3(c);

Second Promissory Note means the demand unsecured promissory note of the Company issued to an arm’s-length party, in the principal amount of $17,203, bearing an interest at a rate of 12% per annum on the unpaid portion of the principal, calculated and compounded on a monthly basis;

Second Promissory Note means the promissory note in the form attached hereto as Exhibit C in the amount of $2,000,000 minus any Purchase Price Adjustment, which note shall be payable in any combination of cash or Note Stock (at Acquiror's option).

Second Promissory Note means the promissory note in the principal amount of $2,000 per Unit bearing interest at the rate equal to 6.5% per annum payable on December 31, 2003, in the form set out in Schedule "C" to the Offering Memorandum.

Second Promissory Note means that certain Promissory Note, dated as of the date of Closing, issued by the Buyer in favor of the Sellers in the principal amount of Four Million Dollars ($4,000,000), having a term which matures on the earlier of (i) the date of execution of a definitive *** agreement *** between the Company and *** _________________________ *** CONFIDENTIAL PORTIONS HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERISKS DENOTE OMISSIONS. CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. EXECUTION VERSION *** or (ii) November 30, 2006, and bearing interest at the rate of eight percent (8%) per annum compounded quarterly, in substantially the form attached hereto as Exhibit B-2.

Second Promissory Note has the meaning set forth in Section 2(c) below.

Second Promissory Note means the promissory note of even date herewith issued to Caltxx, Xxc. by the Company in the form annexed hereto as Annex II.