Sponsor Note definition

Sponsor Note means the convertible promissory note entered into by Galileo and its Sponsor on December 14, 2020, pursuant to which the Sponsor agreed to loan Galileo up to an aggregate principal amount of $500,000, which note is convertible at the option of the Sponsor into warrants with the same terms as the Private Warrants at a price of $1.00 per warrant.

Sponsor Note means the convertible promissory note entered into by Galileo and its Sponsor on December 14, 2020, pursuant to which the Sponsor agreed to loan Galileo up to an aggregate principal amount of

Sponsor Note means the promissory note dated November 2, 2020 pursuant to which the Sponsor loaned the Company $1,500,000 and agreed to convert any unpaid balance of the Sponsor Note into the Working Capital Warrants;

Examples of Sponsor Note in a sentence

• Notwithstanding the foregoing or anything to the contrary provided herein, a holder of a beneficial interest in a Note that is not a Sponsor Note may not exchange or transfer such beneficial interest for a beneficial interest in a Sponsor Note, but a holder of a beneficial interest in a Sponsor Note may, at any time, exchange or transfer such beneficial interest for a beneficial interest in a Note that is not a Sponsor Note.

• Sponsor Note A sponsor note in the amount of $550,000 was executed on September 29, 2014 in connection with the acquisition and development of Bakerview/Grandview Affordable Housing.

• Notwithstanding the foregoing or anything to the contrary provided herein, a holder of a beneficial interest in a Note that is not a Sponsor Note may not exchange or transfer such beneficial interest for a beneficial interest in a Sponsor Note but a holder of a beneficial interest in a Sponsor Note may, at any time, exchange or transfer such beneficial interest for a beneficial interest in a Note that is not a Sponsor Note.

• Sponsor Note A sponsor note in an amount not to exceed $2,000,000 was executed on February 5, 2016 in connection with the acquisition and development of EHA Senior Housing I.

• Name of Sponsor Note: ITF funding is released on a matching basis, i.e. for every dollar or in-kind contribution to be actually made by the industry co-applicant, this will be matched by ITF.

More Definitions of Sponsor Note

Sponsor Note means that certain 20% Amended and Restated Unsecured Subordinated Note due July 31, 2017 dated as of July 26, 2013 executed by the Parent and payable to the order of the Sponsor, in the original aggregate principal amount of $14,165,188.65, which Amended and Restated Unsecured Subordinated Note amends and restates that certain 20% Unsecured Subordinated Note due January 12, 2016, dated as of the date hereof, executed by Parent to the order of the Sponsor, in the original aggregate principal amount of $15,000,000, as the same may be amended from time to time in accordance with the terms hereof and of the Subordination Agreement and Section 10.2.11 (Restriction of Amendments to Certain Documents) hereof. Sponsor Note Agreement: that certain Subordinated Note Purchase Agreement dated as of the date hereof among Sponsor and Parent, as amended by the Sponsor Note Agreement Amendment, and as such agreement may be amended in accordance with the terms hereof and of the Subordination Agreement and Section 10.2.11 (Restriction of Amendments to Certain Documents) hereof.

Sponsor Note means that certain Revolving Promissory Note, dated as of October 11, 2022, issued by the Purchaser in favor of the Sponsor in the original principal amount of up to $1,000,000.

Sponsor Note means that certain promissory note executed by Borrowers in favor of Sponsor in the principal amount of $12,000,000 (plus paid-in-kind interest added thereto), as amended, restated, supplemented or otherwise modified from time to time (so long as such amendment, restatement, supplement or modification is not prohibited by this Agreement or the Subordination Agreement).

Sponsor Note that certain $10,000,000 aggregate principal amount 15% junior subordinated note of the Borrower due and payable to MEM Holdings, LLC (plus approximately $1,900,000 of accrued interest as of the Closing Date).

Sponsor Note means the $30,000,000 Note, dated May 2, 2005, of the Borrower in favor of Carlyle Partners III, L.P. in respect of expenses paid on behalf of the Borrower prior to the Effective Date.

Sponsor Note means the promissory note in the amount of up to $1.2 million issued on January 2, 2017 in favor of the Sponsor to cover certain Business Combination fees and expenses.

Sponsor Note means the subordinated instrument evidencing the right to receive certain residual cashflows under the Revenue Account Waterfall, the Collections Account Waterfall or from otherwise under the Transaction Documents, from time to time, as specified by the terms of the Indenture which are payable in accordance with the RJS Instructions.