Second Promissory Note definition

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 has the meaning ascribed to such term in the Merger Agreement.

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

Examples of Second Promissory Note in a sentence

• 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.

• THE INDIVIDUAL(S) LISTED ABOVE AND UNDERSIGNED BORROWER promises to pay to the order of The Industrial Development Authority of the City of Phoenix, Arizona and The Industrial Development Authority of the County of Maricopa, each a political subdivision existing under the laws of the State of Arizona, or their assignee (the “Lender”), that portion of the Second Loan Amount that is due and payable at the times set forth in this Second Promissory Note (the “Second Note”).

• 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.

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

• Should the County determine, at any given time, that the First Time Homebuyers Program is not meeting the desired outcome; the County intends to transfer the funding for this activity to the Affordable Housing Program.The County loans are a deferred loan for a minimum of 30 years to qualified buyers up to $60,000 which shall be secured by a Second Promissory Note and a recorded Deed of Trust.

More Definitions of Second Promissory Note

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

Second Promissory Note means the Promissory Note to be issued by Airco in favor of DHL Holdings (USA), Inc. in connection with the Separation in the form of Exhibit F2 to this Agreement.

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 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 of even date herewith issued to Caltxx, Xxc. by the Company in the form annexed hereto as Annex II.

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. *** 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.