Third Term Note definition

Third Term Note means the Amended and Restated Third Term Note evidencing the Third Term Loan (which amends and restates the $1,500,000 Term Note dated October 30, 2003, issued by Borrower to Bank), as such note may be amended, modified or restated from time to time.
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Third Term Note shall have the meaning given such term in Section 2.5 of this Agreement.
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Third Term Note means the Second Amended and Restated Term Note referred to in subsection 3(c) of this Repayment Agreement and attached hereto as Exhibit C.
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Examples of Third Term Note in a sentence

  • Language restrictions on exams in Pakistan have been dropped (Pakistan Bar Council 2014) and admission through Urdu is possible (Anis [personal commu- nication] 2014).

  • Guarantors ratify and confirm the Guaranties, acknowledge that the Guaranties are valid, subsisting, and binding upon Guarantors, and agree that the Guaranties guarantee payment of the Notes (including the Term Note, the Revolving Note, the Second Term Note, and the Third Term Note), the Loans (including the Term Loan, the Revolving Loan, the Second Term Loan, and the Third Term Loan), and all other Secured Obligations.

  • In December 2013, the Company borrowed the full amount of $10.0 million under the Third Term Note to purchase Geospace Technologies GSX recording equipment.

  • The Third Term Note allows the Company to borrow from time to time up to $10.0 million to purchase equipment.

  • The outstanding principal under the Third Term Note is amortized over a period of 36 months.

  • The Third Term Note bears interest at an annual fixed rate equal to 3.16%, and otherwise has the same terms as the revolving line of credit.

  • Subject to the terms of the Third Term Note described below, the Second Term Note allows the Company to borrow from time to time up to $15.0 million to purchase equipment.

  • The obligations of the Borrowers to repay the aggregate outstanding principal under the Term Loan and to pay accrued interest thereon shall be evidenced by a promissory note, in form and substance satisfactory to the Bank, to be executed and delivered to the Bank concurrently with the execution and delivery of this Agreement (the "Third Term Note").

  • The Third Term Note is collateralized by a security interest in the Company’s accounts receivable, equipment and related collateral and matures with all outstanding balances due on December 2, 2016.

  • The carrying value of the Company’s Third Term Note and DSS Term Note approximate their fair value based on a comparison with the prevailing market interest rate.


More Definitions of Third Term Note

Third Term Note has the meaning set forth in Section 2.4B.2. hereof.
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Third Term Note means the Secured Term Note made by Company and each Eligible Subsidiary in favor of Laurus in the aggregate principal amount of Four Million Five Hundred Thousand Dollars ($4,640,000).
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Third Term Note means an installment promissory note dated of even date with the Third Amendment to this Agreement, and made by the Borrower in the face amount of $2,500,000.00 payable to the Bank.
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Related to Third Term Note

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

  • 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.

  • 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.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender, evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form attached to the Incremental Term Supplement.

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

  • standard term sheet has the meaning ascribed thereto in NI 41-101;

  • 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.

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

  • Existing Term Loan Agreement has the meaning set forth in the recitals hereto.

  • The Amended Exhibit A has also been updated: 1) to reflect the name changes for ING Pioneer Fund Portfolio to ING Multi-Manager Large Cap Core Portfolio, ING International Growth Fund to ING Multi-Manager International Equity Fund, ING Index Plus MidCap Fund to ING SXXX Cap Equity Fund, ING Dxxxx New York Venture Portfolio to ING Columbia Contrarian Core Portfolio, ING Invesco Vxx Xxxxxx Cxxxxxxx Portfolio to ING Invesco Cxxxxxxx Portfolio, ING Invesco Vxx Xxxxxx Equity and Income Portfolio to ING Invesco Equity and Income Portfolio, ING Solution Growth Portfolio to ING Solution Balanced Portfolio, ING Solution Aggressive Growth Portfolio to ING Solution Moderately Aggressive Portfolio, ING Solution Moderate Portfolio to ING Solution Moderately Conservative Portfolio, and ING WisdomTreeSM Global High-Yielding Equity Index Portfolio to ING Global Value Advantage Portfolio; and 2) to reflect the removal of ING Value Choice Fund, ING International Value Choice Fund, ING Growth and Index Core Portfolio, ING DFA Global Allocation Portfolio, ING Gxxxxxx Sxxxx Commodity Strategy Portfolio, ING Oxxxxxxxxxx Active Allocation Portfolio, and ING GET U.S. Core Portfolios – Series 12 and Series 13, because these series recently liquidated, merged away, or matured.

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.

  • 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.

  • 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.

  • Long-term contract means a contract with a duration period exceeding one year;

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • the First Variation Agreement means the agreement a copy of which is set out in Schedule 2.

  • the first supplementary agreement means the agreement of which a copy is set out in the Second Schedule;

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Company Acquisition Agreement has the meaning set forth in Section 5.04(a).

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Amended and Restated Registration Rights Agreement has the meaning set forth in the Recitals.

  • Preferred Stock Purchase Agreement means the Preferred Stock Purchase Agreement, dated September 7, 2008, between the Company and the United States Department of the Treasury.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Master Separation Agreement has the meaning set forth in the recitals.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Asset Purchase Agreement has the meaning set forth in the Recitals.