Sponsor Promissory Note definition

Sponsor Promissory Note shall have the meaning given in the Recitals hereto.
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Sponsor Promissory Note means that certain Promissory Note, dated as of September 26, 2022, issued by the Purchaser to the Sponsor in the principal amount of $850,000.
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Sponsor Promissory Note means that certain promissory note issued by SPAC in favor of Sponsor on May 3, 2022, in the amount of up to $350,000.
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Examples of Sponsor Promissory Note in a sentence

  • The Sponsor Promissory Note has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

  • The Servicer hereby irrevocably authorizes the Servicer to xxxx the Sponsor Promissory Note “CANCELLED” and to return the Sponsor Promissory Note to the Sponsor upon the full and final payment thereof after the Termination Date.

  • The Servicer’s books and records shall constitute rebuttable presumptive evidence of the principal amount of and accrued interest on the Sponsor Promissory Note at any time.

  • Subject to the foregoing, the Sponsor Promissory Note shall be payable in full on the date which is one year and one day after the Termination Date.

  • The Sponsor may prepay all or part of the outstanding balance of the Sponsor Promissory Note and interest accrued thereon from time to time without any premium or penalty, unless an event of default has occurred and is continuing or would result from such prepayment or payment.

  • The Servicer hereby agrees not to transfer, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the Sponsor Promissory Note or any interest represented thereby, and any attempt to transfer, assign, exchange, convey, pledge, hypothecate or grant a security interest in the Sponsor Promissory Note or any interest represented thereby shall be void and of no effect.

  • DRS participates in the FSET program through which you can initiate Federal Taxes, Connecticut withholding and unemployment compensation payments and file multiple government returns through the same portal.

  • The Company will deliver to the Representative executed copies of the Trust Agreement, the Warrant Agreement, the Rights Agreement, the Sponsor Purchase Agreement, the Sponsor Promissory Note, the Escrow Agreement, the Unit Subscription Agreement, the Registration Rights Agreement, and the Insider Letter.

  • In addition, as of the Effective Date, the Asbestos Trustees, in their capacity as the Asbestos Trustees on behalf of the Asbestos Trust Beneficiaries, shall assume and agree to pay, perform, and discharge the obligations of Reorganized ASARCO under the Plan Sponsor Promissory Note and Security Documents.

  • The Sponsor Promissory Note shall bear interest at the Note Rate for the related Payment Date.

Related to Sponsor Promissory Note

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Secured Promissory Note is defined in Section 2.4.

  • Refinancing Agreement as defined in Subsection 8.3(c).

  • Investment Agreement shall have the meaning set forth in the Recitals hereto.

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Revolver Note means any one of such Revolver Notes.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Non-Lead Securitization Note means any Note other than the Lead Securitization Note.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • General Security Agreement means the general security agreement dated on or about the date hereof given by Borrower in favour of Lender in respect of the Obligations.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Note A shall have the meaning assigned to such term in the recitals.