Shareholder Notes definition

Shareholder Notes means the Amended and Restated Liberty Oilfield Services Holdings 2017 Bridge Notes dated as of June 12, 2017, issued by the Parent Guarantor to R/C IV Liberty Holdings, L.P., R/C Energy IV Direct Partnership, L.P., Spruce Road, LLC and Laurel Road III, LLC, in an aggregate amount equal to $60,761,096.

Shareholder Notes shall have the meaning assigned to it in Section 2.3 hereof.

Shareholder Notes means the secured notes and term loans of Reorganized Constar in the aggregate amount of $70,000,000 to be issued on the Effective Date by Reorganized Constar pursuant to the Shareholder Notes Indenture, with a maturity date of December 31, 2017, at an interest rate of eleven percent (11%), which interest may be paid ninety percent (90%) as paid-in-kind (“PIK”) interest and the remainder of which shall be paid in cash, secured by (a) in the event any DIP Facility Roll-Over Amount exists, (i) a perfected second-priority lien on and security interest in the Roll-Over Collateral and (ii) a perfected third-priority lien on and security interest in the Exit Facility Collateral or (b) in the event no DIP Facility Roll-Over Amount exists, (i) a perfected first-priority lien on and security interest in the Roll-Over Collateral and (ii) a perfected second-priority lien on and security interest in the Exit Facility Collateral, which Shareholder Notes shall be in form and substance acceptable to the Consenting Noteholders.

Examples of Shareholder Notes in a sentence

• The Issuer shall apply the proceeds of the Shareholder Notes towards payment of the Final Redemption Amount of the relevant Series of Notes on the Maturity Date thereof.

• Under the Shareholder Note Purchase Agreement, each Shareholder Bank unconditionally and irrevocably undertakes to the Issuer that on the relevant Issue Date of the Shareholder Notes, upon the demand of the Issuerit will purchase each Shareholder Note offered by the Issuer at a price equal to 100 per cent.

• Additionally, Randall Sultan has, on multiple occasions, loaned personal funds to the Debtor for general corporate purposes, which loans were evidenced by promissory notes (the "Shareholder Notes").

• The aggregate principal amount due under the Shareholder Notes is $950,000.00.

• General On 15 September 2010, the Issuer and the Shareholder Banks entered into a shareholder note purchase agreement (the Shareholder Note Purchase Agreement) under the terms of which the Issuer may from time to time issue Notes (the Shareholder Notes) and put such Shareholder Notes to the Shareholder Banks for the purposes of funding any shortfall in the funds available with the Issuer to pay the Final Redemption Amount in respect of a Series of Notes on the Relevant Maturity Date.

More Definitions of Shareholder Notes

Shareholder Notes means the promissory notes to the Principal Shareholders from those Borrowers and in the amounts set forth in Exhibit A hereto.

Shareholder Notes means those certain promissory notes each dated as of July 1, 1999 executed by each of John Xxxxxxx, Xxotx Xxxxxxxxx xxx Richxxx Xxxxxxxx xxxable to the Borrower.

Shareholder Notes means those certain unsecured subordinated promissory notes of certain of the Borrowers (i) in the stated principal amount of $3,930,660 in favor of Xxxxxxxxx, (ii) in the stated principal amount of $262,500 in favor of the Xxxxxxxxx Descendants Trust U/A/D December 29, 1992, and (iii) in the stated principal amount of $2,500,000 in favor of Xxxxxxxxx.

Shareholder Notes means the outstanding indebtedness of the Semlers to the Company pursuant to the promissory notes listed on Schedule 4.1(c).

Shareholder Notes means the promissory notes described in the Subordination Agreements.

Shareholder Notes means the promissory notes described on Schedule "1.55" hereto, together with extensions and renewals thereof.

Shareholder Notes means those notes issued by an Acquired Company to a Seller as set forth on Section 1.1(c) of the Disclosure Schedules.