Short Term Note definition

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

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

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.

Examples of Short Term Note in a sentence

• 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.

• The LLC shall engage in no activities other than holding the notes, entering into and holding the Derivative Contracts, and transferring the Convertible Note, the Derivative Contracts and the amounts payable under the Short Term Note to the New VEBA.

• 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.

• 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.

• Indebtedness of the Borrower incurred or to be incurred pursuant to the terms of the Settlement Agreement as in effect on the Closing Date (including the Borrower’s 6.75% Series U Convertible Senior Debentures due December 31, 2012 and the Borrower’s $4,015,187,871 Short Term Note, dated February 21, 2008, payable to the order of LBK, LLC) or similar debt issued pursuant to any Settlement Agreement.

More Definitions of Short Term Note

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.

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 shall have the meaning set forth in the Recitals.

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.

Short Term Note means the note from the Transferor in favor of the Seller substantially in the form attached as Exhibit A to the Receivables Purchase Agreement.

Short Term Note shall have the meaning given it in Section 2.2 hereof.