Subordinated Demand Note definition
Subordinated Demand Note means the $25,000,000 demand note dated March 31, 1994 payable to ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ or any replacement thereof made in accordance with the terms of the applicable Subordination Agreement.
Subordinated Demand Note means the promissory note dated November 12, 2002, in the stated principal amount of $8,000,000, from Supplies Distributor, Inc. to Priority, which has been subordinated to all obligations of Supplies Distributors, Inc. owed to IBM Credit Corporation, Congress Financial Corporation (Southwest) and
Subordinated Demand Note means the promissory note, dated as of April 29, 1997, issued by BRACC to TFFC, which provides for subordinated loans to be made by TFFC to BRACC from time to time thereunder.
Examples of Subordinated Demand Note in a sentence
As used herein, the term "Note" or "Notes" includes the 10% Senior Subordinated Demand Notes of the Company originally so issued and any 10% Senior Subordinated Demand Note or Notes subsequently issued upon exchange or transfer thereof or as PIK Notes.
The proceeds of the Revolving Loans and the Term Loans shall be used for the Borrower's working capital, for general corporate purposes, to repay and redeem the outstanding Subordinated Notes (including accrued interest and call premiums) and to repay the Subordinated Demand Note.
The Subordinated Lenders shall have executed a Waiver to permit repayment and redemption of the Subordinated Demand Note.
More Definitions of Subordinated Demand Note
Subordinated Demand Note means the subordinated note of Leasco to the Borrower, dated August 7, 1997, payable on demand.
Subordinated Demand Note means the promissory note dated November 12, 2002, in the stated principal amount of $8,000,000, from Supplies Distributor, Inc. to Priority, which has been subordinated to all obligations of Supplies Distributors, Inc. owed to IBM Credit Corporation, Congress Financial Corporation (Southwest) and IBM Belgium Financial Services S.A.