Tranche 1 Note definition

Tranche 1 Note shall have the meaning provided in Section 1.05(a).

Tranche 1 Note means that certain Promissory Note dated as of the Initial Closing Date, in the amount of the Tranche 1 Loan as set forth in Annex B attached hereto.

Tranche 1 Note means a promissory note in the form of Exhibit A to the Funding Agreement, duly executed by two Authorized Officers of the Company.

Examples of Tranche 1 Note in a sentence

• In any event, the entire outstanding principal amount of the Tranche 1 Note and all accrued but unpaid interest and all other outstanding amounts due thereunder shall be paid on the Tranche 1 Maturity Date.

• The summary is not exhaustive and does not constitute a definite statement of the rights and liabilities of the Tranche 1 Note holder (Noteholder).

• Other than as contemplated by this Agreement, there is no outstanding contract, vote, plan, pending proposal or other right of any Person to acquire such Purchaser’s Tranche 1 Note or any portion thereof.

• On or after one year from the Tranche 1 Initial Payment Date, the Borrower may, at its option, at any time and from time to time, prepay the Advances under the Tranche 1 Note, in whole or in part, upon at least thirty (30) Business Days prior written notice to the Lender specifying the date and amount of prepayment, in a minimum amount of $50,000, plus the premium described below, and all accrued but unpaid interest thereon.

• Amounts under the Tranche 1 Note prepaid may not be reborrowed and shall be applied as provided in Section 2.04(c).

More Definitions of Tranche 1 Note

Tranche 1 Note that certain promissory note dated as of May 28, 1996 in the original principal amount of $2,000,000 executed by Borrower in favor of Lender pursuant to the Original Loan Agreement, and all extensions, renewals, modifications, replacements, amendments, restatements and refinancings thereof.

Tranche 1 Note means a promissory note made by a Borrower in favor of a Tranche 1 Lender evidencing Tranche 1 Loans made by such Tranche 1 Lender to such Borrower, substantially in the form of Exhibit C-1.

Tranche 1 Note means a promissory note of the Borrower, substantially in the form of Exhibit A, evidencing revolving credit Loans.

Tranche 1 Note means any Note which, at the time of its authentication by the Trustee, bears a notation that such Note is a Tranche 1 Note as provided in Sections 2.01 and 8.01 of this Supplemental Indenture.

Tranche 1 Note as defined in Section 2.1(b).

Tranche 1 Note means any one of them.

Tranche 1 Note that certain amended and restated promissory note in the original principal amount of up to $2,000,000 dated as of November 5, 1999, executed by the Domestic Borrowers as joint and several obligors, amending and restating that certain promissory note dated as of May 28, 1996 in the original principal amount of up to $2,000,000 executed by Destia in favor of Lender, and any other promissory notes evidencing loans under the Tranche 1 Commitment, and all extensions, renewals, modifications, replacements, amendments, restatements and refinancings thereof.