Term Note I definition

Term Note I means that certain $1,426,410 Term Note, dated as of the date of the Loan Agreement, from the Borrower in favor of PCC.
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Term Note I means the note No. 4550, dated June 16, 1992, in the original principal amount of Eighty Thousand Dollars ($80,000), made by the Borrower payable to the order of the Lender, together with all extensions, renewals, modifications, substitutions and changes in form thereof effected by written agreement between the Borrower and the Lender.
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Term Note I has the meaning set forth in Section 3.3 hereof and includes all renewals, replacements, and amendments of Term Note I.
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Examples of Term Note I in a sentence

  • Borrower may prepay principal on Term Loan I solely in accordance with the provisions of Term Note I.

  • The principal amount of Term Loan I shall be repaid in accordance with the provisions of Term Note I.

  • To evidence the Term Loan I made by the Lender to the Borrower hereunder, the Borrower has executed and delivered to the Lender the Term Note I.

  • Lender shall have the right to adjust the amount of such payments to maintain the original 7 year amortization to the extent required by changes in the rate at which interest accrues on Term Note I.

  • If at any time the Lenders want re-allocate the aggregate principal amount outstanding under the Term Notes (the “Outstanding Loan Amount”), the Borrower agrees to execute amended and restated term notes substantially in the form of Term Note I and Term Note II (except as provided in this Section 2.15), reflecting such re-allocation of the Outstanding Loan Amount.

  • The Borrower agrees to pay to the Lender amounts outstanding under the Term Note I in installments as set forth in said note, with all outstanding principal and accrued interest due and payable October 1, 1999.

  • On the date hereof the Lenders shall advance a total of Two Million Seven Hundred Thousand Dollars ($2,700,000) (the “Loan Amount”) to the Borrower under Term Note I and Term Note II.

  • Bank renewal promissory notes in the forms attached hereto as Exhibits A ("Renewal Term Note I") and B ("Renewal Term Note II") in order to evidence Term Loan I and Term Loan II, respectively, which shall be in substitution for, but not in payment of the Term Note and any previous renewals thereof.

  • CAS’ obligation to repay Term Loan I shall be evidenced by Term Note I; provided that CAS shall only be obligated to pay amounts which Lender has advanced under this Section 2.

  • Term Loan I shall be evidenced by Term Note I, be payable in accordance with the terms of Term Note I and be made by disbursement of Loan proceeds when and as directed by CAS.


More Definitions of Term Note I

Term Note I means the Promissory Note of CAS in the form of Exhibit C to be executed concurrently with this Supplement.
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Term Note I has the meaning ascribed to such term in Section 2.02(b) of this Agreement.
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Term Note I. Term Note II," and the "Equipment Note," under the Existing Credit Agreement and all previous renewals thereof shall be marked "Renewed" and retained by U. S. Bank until all Loans hereunder are repaid in full.
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Related to Term Note I

  • Term Note A means a promissory note of the Borrower payable to the order of a requesting Lender in the principal amount of such Lender’s Term Loan A Commitment, in substantially the form of Exhibit E-1.

  • Term Notes means, collectively, the Term A Notes and the Term B Notes.

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

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-2 Note Interest Rate means a rate per annum equal to %.