Subordinated Promissory Notes definition

Subordinated Promissory Notes means collectively, the $750,000 Subordinated Promissory Note and “$4,350,000 Subordinated Promissory Note, payable in accordance with their respective terms.

Subordinated Promissory Notes means the collective reference to (a) the Subordinated Promissory Note dated April 1, 1998, between the Borrower, as Maker, and Xxxxxx, as Lender, and (b) the Subordinated Promissory Note dated April 1, 1998, between the Borrower, as Maker, and BW Holdings, LLC, as Lender.

Subordinated Promissory Notes means those certain promissory notes dated December 15, 1999 executed by the Borrower pursuant to the Chase Purchase Agreement, together with all modifications, renewals and extensions thereof or any part thereof.

Examples of Subordinated Promissory Notes in a sentence

• The Subordinated Promissory Notes bear interest at rates notified by the holder.

• Warrant Liability/Embedded Derivative Liability The Company has outstanding Warrants and convertible features (Embedded Derivatives) in its outstanding Senior and Junior Subordinated Promissory Notes.

• The 2018 Related Party Note can be repaid at any time without penalty and is secured by a $5.0 million floating charge debenture over all of the Company’s assets and is subordinated to any and all claims in favor of the Credit Facility and the holder of the Subordinated Promissory Notes due September 30, 2020.

• Schools established and administered by certified farms must have the necessary resources, personnel and infrastructure to be able to provide an educational experience that complies with national legal requirements.

• During 2015, $59,000 of the Subordinated Promissory Notes was repaid.

More Definitions of Subordinated Promissory Notes

Subordinated Promissory Notes shall have the meaning set forth in Section 1.2 hereof

Subordinated Promissory Notes means instruments evidencing the Approved Subordinated Notes which are in the form of Exhibit J hereto, and executed by all required parties.

Subordinated Promissory Notes means the Borrower's 9 5/8% Subordinated Promissory Notes issued pursuant to the Subordinated Notes Purchase Agreement, as in effect on the Effective Date and as the same may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof.

Subordinated Promissory Notes means the 12% Senior Subordinated Notes due 2003 in the amount of $4,253,063.17 of Holdings, as successor to ACP, payable to Citicorp Venture Capital Limited dated September 1, 1995, or securities in the same principal amount issued in exchange therefor on the date hereof, or such other indebtedness of Holdings with the same material terms, including subordination, as such Senior Subordinated Notes or preferred stock of Holdings with terms that are not more disadvantageous to the interests of the Lenders than the terms of such Senior Subordinated Notes as determined by the Administrative Agent, in each case issued in lieu thereof.

Subordinated Promissory Notes means the 12% Senior Subordinated Notes due 2003 in the amount of $4,253,063.17 of ACP payable to Citicorp Venture Capital Limited dated September 1, 1995.

Subordinated Promissory Notes means that certain Amended and Restated Note dated June 7, 2004 in the principal amount of $27,702,426.55, executed by the Borrower pursuant to the Securities Purchase Agreement, together with all modifications, renewals and extensions thereof or any part thereof.

Subordinated Promissory Notes means the subordinated promissory notes of the Borrower payable to the order of the Lender in the principal amount stated therein, in substantially the form of Exhibit A.