Senior Partnership Note definition

Senior Partnership Note means that certain promissory note of even date herewith in the original principal amount of $62,000,000 made by the Mortgagor in favor of the Company, a copy of which is attached to the Senior Note Indenture, and any amendments, extensions, renewals, replacements or restatements thereof.
Sample 1
Senior Partnership Note means the Note dated as of the date hereof in the principal amount of $62,000,000 made by the Partnership in favor of Funding, evidencing the proceeds of the Funding Notes, and pledged to the trustee under the Funding Note Indenture.
Sample 1

Examples of Senior Partnership Note in a sentence

  • Xxxxx) not in excess of those in effect as of the date of this Indenture, (5) payments made pursuant to the Partnership Agreement as in effect on the date of this Indenture, (6) payments pursuant to the Senior Partnership Note or with respect to any Subordinated Indebtedness, and (7) Restricted Payments otherwise permitted pursuant to the provisions of Section 10.9.

  • If an Event of Default (other than an Event of Default specified in Section 5.1(g) or (h) of the Senior Note Indenture) occurs and is continuing, then, and in every such case, Mortgagee may declare the Outstanding Amount of the Senior Partnership Note to be due and payable immediately, by a notice in writing to Mortgagor and upon any such declaration such principal shall become immediately due and payable.

  • Any such amounts which are not paid within 5 days after demand therefor by Mortgagee shall bear interest at the rate set forth in the Senior Partnership Note from the date of such demand and all such amounts and interest thereon shall be secured by the lien of this Mortgage.

  • Mortgagor will keep proper books of record and account, in which full and correct entries shall be made of all dealings or transactions of or in relation to the Senior Partnership Note and the properties, business and affairs of Mortgagor in accordance with generally accepted accounting principles consistently applied.

  • In case any provision in this Mortgage or the Senior Partnership Note shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • Mortgagor shall duly and punctually pay the principal of (and premium, if any) and interest on the Senior Partnership Note in accordance with the terms of the Senior Partnership Note and this Mortgage.

  • If at any time after such declaration of acceleration has been made, but before any judgment or decree for payment of money due on the Senior Partnership Note has been obtained by the Mortgagee, such declaration of acceleration and its consequences has been duly rescinded and annulled in accordance with Section 5.2 of the Senior Note Indenture, then the declaration of acceleration pursuant to this Section 3.2 shall automatically be rescinded and annulled.

  • Without limiting the generality of Section 3.12, nothing in this Mortgage or in the Senior Partnership Note, express or implied, shall give to any Person, other than the parties hereto and their successors and assigns, any benefit or any legal or equitable right, remedy or claim under this Mortgage.

  • If an Event of Default specified in such Section 5.1(g) or (h) occurs, the Outstanding Amount of the Senior Partnership Note shall ipso facto become due and payable without any declaration or other act on the part of the Mortgagee.

  • Xxxxx) not in excess of those in effect as of the date of this Indenture, (5) payments made pursuant to the Partnership Agreement as in effect on the date of this Indenture, (6) payments pursuant to the Senior Partnership Note, the Senior Partnership Upstream Note, or with respect to any Subordinated Indebtedness, and (7) Restricted Payments otherwise permitted pursuant to the provisions of Section 10.9.

Related to Senior Partnership Note

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • GP means Gottbetter & Partners, LLP.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Partnership Loan has the meaning provided in Section 5.2(c) hereof.

  • Pledged Partnership Agreements means all of each Grantor’s rights, powers, and remedies under the partnership agreements of each of the Pledged Companies that are partnerships.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Disqualified Partnership Any domestic entity classified as a partnership under the Code if any of its direct or indirect beneficial owners (other than through a U.S. corporation) are (or, under the applicable partnership agreement, are permitted to be) Disqualified Non-United States Tax Persons.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Partnership Security means any class or series of equity interest in the Partnership (but excluding any options, rights, warrants and appreciation rights relating to an equity interest in the Partnership), including without limitation, Common Units, Subordinated Units and Incentive Distribution Rights.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.