Short Term Note definition

Short Term Note is defined in Section 7.C of this Settlement Agreement.

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Short Term Note shall have the meaning set forth in Section 2.2(c).

Short Term Note means the Senior Secured Note dated as of November 2, 2004 by Maker in favor of Payee in the original aggregate principal amount of $4,000,000, as it may be amended, restated, modified or replaced in substitution by any other note or notes from time to time.

Examples of Short Term Note in a sentence

• As of the date of this Settlement Agreement, GM has created LBK, LLC, a Delaware limited liability company (“LLC”) to hold the Convertible Note and the Short Term Note, enter into and hold the Derivative Contracts, and receive interest on the Convertible Note.

• Subject to termination of this Settlement Agreement, the sole purpose of the LLC is to hold the Convertible Note and the Short Term Note and enter into and hold the Derivative Contracts, which serve as tangible evidence of the availability of assets equal to the Convertible Note, the Short Term Note and the Derivative Contracts that GM agrees to pay and/or transfer on or after the Implementation Date to the New VEBA as provided in this Settlement Agreement.

• If any concerns are identified regarding GM’s calculation, the parties will meet, confer and resolve any concerns by March 3, 2008 so that the face amount of the Short Term Note is set by such date.

• GM shall cause the LLC to pay to the New VEBA $4,015,187,871.00 in cash (which amount is equal to the face amount of the Short Term Note), plus cash in an amount equal to the Interest accrued on such amount from and including the date of the Short Term Note to, but excluding, the date of deposit in the New VEBA, as described in Section 12.E of this Settlement Agreement.

• As a result, GM agreed to include in the Short Term Note the $1 billion referred to in Section 7.C of this Settlement Agreement.

More Definitions of Short Term Note

Short Term Note means that certain promissory note, dated as of February 5, 2007, in the original principal amount of $12,000,000, executed by the Company in favor of the Purchaser.

Short Term Note means that certain promissory note, dated as of February 5, 2007, in the original principal amount of $12,000,000, executed by the Company in “Subscription Amount” means $25,300,000. “Subsidiary” means any subsidiary of the Company as set forth on Schedule 3.1(a) attached hereto.

Short Term Note means the notes to be issued by one or more Obligors to the US Borrower after the first utilisation of the B1 Facility hereunder".

Short Term Note means the Short Term Promissory Note in the original principal amount of $5,000,000 dated the date hereof from KSAC to the Lender, as it may be amended, supplemented or otherwise modified from time to time.

Short Term Note means that certain promissory note to be executed by the Buyer in favor of the Seller, substantially in the form of EXHIBIT D-1 hereto;

Short Term Note means that certain Short Term Promissory Note in the original principal amount of $5,000,000 dated the date hereof from Debtor to Creditor.

Short Term Note means the promissory note dated as of the date hereof in the principal amount of U.S.$73,000,000 granted by the Borrower in favour of POI in partial payment for the Port Assets acquired pursuant to the Asset Purchase Agreement.