Senior Partnership Upstream Note definition

Senior Partnership Upstream Note means that certain promissory note of even date herewith in the original principal amount of $5,000,000 made by the Mortgagor in favor of TCHI, a copy of which is attached to the TCHI Note Indenture, and any amendments, extensions, renewals, replacements or restatements thereof.
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Senior Partnership Upstream Note means the Note, dated the date hereof in the principal amount of $5,000,000 made by the Partnership in favor of the Issuer, evidencing the proceeds of the Senior Notes, and pledged to the Trustee.
Sample 1
Senior Partnership Upstream Note means the Note, dated the date hereof in the original principal amount of $5,000,000 made by the Partnership in favor of TCHI.
Sample 1

Examples of Senior Partnership Upstream Note in a sentence

  • GRANTING CLAUSE SECOND All right, title and interest of Assignor in and to the Senior Partnership Upstream Note Mortgage, including all extensions, renewals and modifications of the same.

  • Currency exchange rates are the most important aspect of international trade and investments.

  • Finally, and knowing that it had been difficult for the ENRF Board of Directors to take decisions during their meetings due to the quorum non-compliance, it was decided that the EFN would organise online elections for a 4th member of the ENRF Board of Directors to replace the one who had left.

  • To the extent that the grant of a security interest in any portion of the Trust Estate is governed by the Uniform Commercial Code, this Senior Partnership Upstream Note Mortgage is hereby deemed to be as well a security agreement under the Uniform Commercial Code for the purpose of creating hereby a security interest in all of Mortgagor's right, title and interest in and to said property, securing the obligations secured hereby, for the benefit of Mortgagee.

  • Mortgagee shall from time to time after receipt of a request of Mortgagee or the Trustee obtain instruments in form and substance reasonably satisfactory to Mortgagee or the Trustee, as the case may be, confirming the senior lien priority of this Senior Partnership Upstream Note Mortgage over the lien of any such Permitted Encumbrances.

  • 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.

  • 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 Upstream 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 Upstream Note and the properties, business and affairs of Mortgagor in accordance with generally accepted accounting principles consistently applied.

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

  • Without limiting the generality of Section 3.12, nothing in this Mortgage or in the Senior Partnership Upstream 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.

Related to Senior Partnership Upstream Note

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

  • 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 the Act.

  • 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.

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

  • 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.

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

  • 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.

  • 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.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • 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.

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

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

  • 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.

  • 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.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Public-private partnership agreement means an agreement

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

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

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • 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.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • 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.

  • Holdings LLC Agreement means the Third Amended and Restated Limited Liability Company Agreement of Holdings, dated on or about the date hereof, as such agreement may be amended from time to time.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.