Seller Note definition

Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

Seller Note has the meaning set forth in Section 2.03(a).

Seller Note means any promissory note or notes issued by a Loan Party to the seller in respect of any Permitted Acquisition as partial consideration in connection with such Permitted Acquisition.

Examples of Seller Note in a sentence

• On March 12, 2018, the Company fully repaid the $4,500,000 plus accrued interest on the Hernandez Seller Note.

• The A&R McMillan Seller Note is in the principal amount of $2,250,000, bears interest at a rate of 8% per annum, provides for quarterly payments of principal and interest and matures on March 31, 2022.

• Each Class B Note, Class C Note, Class D Note, Class E Note and Seller Note will be issued at par value and on its issue will have an initial principal amount of $1,000 or such other amount as the Manager determines.

• The Company and Mr. McMillan agreed to amend and restate the McMillan Seller Note pursuant an amended and restated promissory note (the “A&R McMillan Seller Note”).

• As of the Petition Date, the Debtors had approximately $129.7 million of funded principal debt and interest obligations, consisting of obligations under: (i) the Prepetition ABL Facility; (ii) the Synacor Seller Note; (iii) the Senior Unsecured Notes; (iv) the Growth Capital Partners Note; (v) the PIPE Notes; and (vi) the guaranty by Legacy IMBDS of the obligations of its wholly-owned German subsidiary under the 123TV Seller Note (each as defined below).

More Definitions of Seller Note

Seller Note means the $600,000,000 aggregate face amount subordinated 8% pay-in-kind note due 2018 of TRW Automotive Intermediate Holdings in favor of an affiliate of Northrop Grumman Corporation, as the same may be amended or refinanced from time to time.

Seller Note means a promissory note issued by Borrower or a Subsidiary thereof to a non-Affiliate of the Borrower as partial consideration for an acquisition of real property that is permitted under clause (i) of Section 7.02.

Seller Note means any unsecured promissory note (and any guarantee thereof) issued by one or more Credit Parties (or any Subsidiary of a Credit Party organized for purposes of the corresponding Permitted Acquisition, which as a part of such Permitted Acquisition will contemporaneously be merged with or into a Credit Party or otherwise will become a Credit Party promptly thereafter in accordance with this Agreement) in favor of a seller in connection with a Permitted Acquisition in an aggregate principal amount not to exceed the purchase price in respect of such Permitted Acquisition.

Seller Note means the subordinated Indebtedness in an aggregate principal amount of $600,000,000 issued on the Closing Date by Intermediate Holdings and evidenced by a note in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

Seller Note shall have the meaning set forth in Section 1.3(b).

Seller Note means that certain promissory note dated as of January 12, 2018 issued by GD Development Corporation, a Delaware corporation, in favor of GEODynamics B.V. in the original principal amount of $25,000,000.

Seller Note shall have the meaning specified in Section 8.01 of the Receivables Sale Agreement.