Term 2 Note definition

Term 2 Note means a promissory note of the Borrower payable to any Term 2 Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-5 hereto, evidencing the aggregate in debtedness of the Borrower to such Lender resulting from the Term 2 Advances made by such Lender to the Borrower.
Sample 1Sample 2
Term 2 Note means a promissory note made by the Borrowers in favor of a Lender evidencing Term Loans 2 made by such Lender, substantially in the form of Exhibit B-2.
Sample 1Sample 2
Term 2 Note means a promissory note of the Borrower payable to any Term 2 Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-5 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Term 2 Advances made by such Lender to the Borrower.
Sample 1Sample 2

Examples of Term 2 Note in a sentence

  • The obligation of Borrower to repay each Lender's prorata share of the Aggregate Term 2 Loan shall be evidenced by a promissory note payable to the order of such Lender in a principal amount equal to such Lender's prorata share of the Aggregate Term 2 Commitment (as amended, modified, restated or replaced from time to time, individually a "Term 2 Note" and collectively the "Term 2 Notes") reasonably satisfactory to such Lender.

  • The Term 2 Note shall bear interest (based on a 360-day year of twelve 30-day months) on the unpaid principal amount thereof as set forth in the Term 2 Note.

  • The Term 2 Note shall be purchased at a closing (the "Closing") to be held at the offices of Winston & Xxxxxx LLP, 00 Xxxx Xxxxxx Xxxxx, Chicago, Illinois 60601 or such other location as agreed to by the Borrower and the Term 2 Noteholder, at 10:00 a.m. local time, on the date on which this Agreement is executed and delivered and upon satisfaction of the conditions described in Section 2 (the "Closing Date").

  • Railroad and Machine are wholly owned subsidiaries of the Borrower and as such will derive direct and indirect economic benefits from the purchase of the Term 2 Note pursuant to the Note Purchase Agreement (Term 2).

  • At the Closing, the Borrower will issue the Term 2 Note to the Term 2 Noteholder, payable to Term 2 Noteholder or its registered assigns, against receipt of immediately available funds by wire transfer to an account or accounts designated by the Borrower prior to the Closing (or in such other manner as is set forth on Annex C).

  • Subject to Section 1.4(c), the Term 2 Noteholder may assign, in whole or part, any of its rights under this Agreement or any Transaction Document to any Person and any holder of the Term 2 Note may assign, in whole or part, the Term 2 Note and any rights thereunder to any Person.

  • To induce Term 2 Noteholder to purchase the Term 2 Note, the Note Parties executing this Agreement, jointly and severally, make the following representations and warranties to Term 2 Noteholder with respect to all Note Parties, each and all of which shall survive the execution and delivery of this Agreement.

  • The Borrower agrees to issue and sell to the Term 2 Noteholder, and the Term 2 Noteholder agrees to purchase from the Borrower in reliance upon the representations, warranties, terms and conditions of this Agreement, a Senior Secured Promissory Note due August 20, 2009 in the aggregate original principal amount of $61,800,000 in the form attached hereto as Exhibit l.1(a) (the "Term 2 Note").

  • Borrower shall maintain a register (the "Register") on its books which shall show from time to time with respect to any Term 2 Noteholder the principal amount and interest on the Term 2 Note as provided in this Agreement.

  • With respect to any Term 2 Noteholder, the assignment of all or part of any Term 2 Note and the rights to all or part of the principal of, and interest on, any Term 2 Note (i) shall not be effective until such assignment is recorded on the Register maintained and until the other requirements pursuant to Article 7 are met and (ii) prior to such recordation and other requirements being met shall remain owing to the transferor.


More Definitions of Term 2 Note

Term 2 Note has the meaning ascribed to it in Section 1.
Sample 1
Term 2 Note is defined in Section .
Sample 1

Related to Term 2 Note

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Term A Note means a promissory note made by the Borrower in favor of a Term A Lender evidencing Term A Loans made by such Term A Lender, substantially in the form of Exhibit B-1.

  • Class A-2 Note means any of the 0.51% Asset Backed Notes, Class A-2, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Term Loan A Note means a promissory note in the form of Exhibit 2.5-3, as it may be amended, supplemented or otherwise modified from time to time.

  • Class A-3 Note means any of the 1.34% Asset Backed Notes, Class A-3, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • Class A-4 Note means any of the [____]% Asset Backed Notes, Class [A-4], issued under the Indenture substantially in the form attached thereto as Exhibit A.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Class A-1 Note means any of 5.604% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Tranche A Note means a promissory note evidencing Tranche A Loans, substantially in the form of Exhibit B hereto.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Class C Note means any one of the Series 2015-1 3.96% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C‑1, Exhibit C‑2 or Exhibit C‑3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • Class C Note Rate means 3.48% per annum.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

  • Term SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • RMB Note means a Note denominated in Renminbi.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • Term A-1 Loan means an advance made by any Term A-1 Lender under the Term A-1 Facility.