Second Term Note definition

Second Term Note means the Term Promissory Note dated February 9, 2016, in the principal amount of $3,850,497.00, payable by MAALT, L.P. to the order of Lender, and all renewals, extensions, modifications, and substitutions for that note.
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Second Term Note means the $2,550,000 Amended and Restated Second Term Note (which amends and restates the $3,000,000 LIBOR Amended and Restated Term Note dated October 30, 2003, issued by Borrower to Bank), as such note may be amended, modified or restated from time to time.
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Second Term Note shall have the meaning given such term in Section 2.4 of this Agreement.
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Examples of Second Term Note in a sentence

  • Borrowers ratify and confirm the Security Documents, acknowledge that they are valid, subsisting, and binding, and agree that the Security Documents secure payment of the Notes (including the Term Note, the Revolving Note, the Second Term Note, and the Third Term Note), the Loans (including the Term Loan, the Revolving Loan, the Second Term Loan, and the Third Term Loan), and all other Secured Obligations.

  • Guarantor will directly and indirectly benefit from the Second Term Loan, as defined in the Loan Agreement, as amended by the Fourth Amendment and evidenced by the Second Term Note.

  • Per the agreement, the Company will be unable to receive an advance for the remainder of the $15.0 million balance of the Second Term Note.

  • The outstanding principal under the Second Term Note is amortized over a period of 36 months.

  • Borrowers ratify and confirm the Security Documents, acknowledge that they are valid, subsisting, and binding, and agree that the Security Documents secure payment of the Notes (including the Term Note, the Revolving Note, and the Second Term Note), the Loans (including the Term Loan, the Revolving Loan, and the Second Term Loan), and all other Secured Obligations.


More Definitions of Second Term Note

Second Term Note to read as follows:
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Second Term Note means the second term note referred to in Section 2.2.2 hereof.”
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Second Term Note means the promissory note in the original face amount of $9,000,000.00 dated of even date herewith, made by Borrower payable to the order of Bank, in substantially the form attached to the Fifth Amendment as Exhibit "B," together with all deferrals, renewals, extensions, amendments, modifications or rearrangements thereof, which promissory note shall evidence the advances to Borrower by Bank pursuant to Section 2.22 hereof.
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Second Term Note means the Second Term Note executed by the Borrower as defined in Section 2.5.2, which is in the form attached hereto as Exhibit C.
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Second Term Note. This section of the Loan Agreement is deleted in its entirety.
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Second Term Note shall have the meaning assigned to it in Section 1.1(g).
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Second Term Note means a promissory note executed by the Borrower in the face amount of $4,200,000.00, evidencing a portion of the Term Loan.
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