Sterling Term Note definition

Sterling Term Note means a promissory note made by the Borrower in favor of a Term Lender evidencing the Sterling Term Loan made by such Term Lender, substantially in the form of Exhibit C-3.
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Sterling Term Note means a promissory note of the Borrower payable to the order of any Sterling Term Loan Lender, in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Sterling Term Loan Advance of such Sterling Term Loan Lender, as amended, endorsed or replaced.
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Sterling Term Note has the meaning ascribed to it in Section 1.1(b)-3(i).
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Examples of Sterling Term Note in a sentence

  • This Sterling Term Note is one of the Sterling Term Notes referred to in, and evidences Indebtedness incurred under, the Credit Agreement, to which reference is made for a description of the security for this Sterling Term Note and for a statement of the terms and conditions on which the Borrower is permitted and required to make prepayments and repayments of principal of the Indebtedness evidenced by this Sterling Term Note and on which such Indebtedness may be declared to be immediately due and payable.

  • If any payment on this Sterling Term Note becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.

  • The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Sterling Term Note.

  • Upon the occurrence and continuation of one or more of the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Sterling Term Note shall become, or may be declared to be, immediately due and payable all as provided in the Agreement.

  • The Lender may also attach schedules to this Sterling Term Note and endorse thereon the date, amount and maturity of its Sterling Term Loan Advance and payments with respect thereto.

  • Except as provided in the Credit Agreement, this Sterling Term Note may not be assigned by Lender to any Person.

  • This Sterling Term Note is also entitled to the benefits of the Subsidiary Guaranty and is secured by the Collateral.

  • Upon and after the occurrence of any Event of Default, this Sterling Term Note may, as provided in the Credit Agreement, and without demand, notice or legal process of any kind, be declared, and immediately shall become, due and payable.

  • Terms used in this Sterling Term Note, unless otherwise defined herein, have the meanings provided in the Credit Agreement.

  • This Sterling Term Note is one of the Sterling Term Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and conditions provided therein.


More Definitions of Sterling Term Note

Sterling Term Note means the promissory note in the form of Exhibit B-4 , if any, given to each Sterling Term Loan Lender to evidence the Sterling Term Loan of such Sterling Term Loan Lender, as amended, restated, replaced, modified, supplemented, extended, renewed or replaced.
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Sterling Term Note means the promissory note in the form of Exhibit B-4, if any, given to each Sterling Term Loan Lender to evidence the Sterling Term Loan of such Sterling Term Loan Lender, as amended, restated, replaced, modified, supplemented, extended, renewed or replaced.
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Related to Sterling Term Note

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Existing Term Loan Agreement means that certain Term Loan Credit Agreement dated as of October 22, 2010 by and among Holdings, the Company, as borrower, the Subsidiary Guarantors, the lenders party thereto from time to time and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, as amended, restated, supplemented or otherwise modified from time to time.

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Remaining Term Interest means, with respect to any Note, the aggregate amount of scheduled payment(s) of interest on such Note for the remaining term of such Note determined on the basis of the rate of interest applicable to such Note from and including the date on which such Note is to be redeemed by the Issuer pursuant to this Condition.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).

  • Revolving Termination Date means the earlier to occur of:

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Term Loan as defined in Section 2.1.

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

  • Incremental Term Note shall have the meaning provided in Section 2.05(a).

  • Restructuring Term Sheet means the term sheet attached as Exhibit A to the Restructuring Support Agreement.

  • 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.

  • Medium Term Notes means Securities that are collateralized in an amount equal to their full Outstanding principal amount and have a Stated Maturity in excess of 270 days after the date of original issuance thereof.

  • Existing Termination Date as defined in Section 2.18.