VTB Note definition

VTB Note means a promissory note made payable to Seller by Revision Military Ltd. in substantially the form of Exhibit C hereto. “WARN” has the meaning set forth in Section 6.12(b). “Working Capital” means (i) the current assets included in the Acquired Assets as of the Closing Date (excluding the Excluded Assets and excluding any accounts receivable that are more than 60 days past due), minus (ii) the current liabilities included in the Assumed Liabilities as of the Closing Date (excluding the Excluded Liabilities), in each case, prepared in accordance with GAAP consistent with the historic accounting methodologies and principles of the Seller consistently applied (it being understood that if such historic accounting methodologies and principles are not in accordance with GAAP, then GAAP shall apply). An example of the calculation of Working Capital as of May 31, 2018, is set forth on Schedule III. “Working Capital Statement” has the meaning set forth in Section 2.3(a). “Working Capital Target” means $[commercially sensitive information redacted]. “Year-End Financial Statements” has the meaning set forth in Section 3.9(a). Schedule II EXAMPLE EARNOUT CALCULATIONS Schedule III EXAMPLE WORKING CAPITAL CALCULATIONS [commercially sensitive information redacted] Schedule IV KNOWLEDGE [Immaterial details redacted] SCHEDULE 1.1
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VTB Note means the promissory note in the principal amount of up to $5,000,000 to be issued by the Purchaser to SSR (for and on behalf of itself and the Vendors), substantially in the form attached as Exhibit D. The principal amount of the VTB Note shall be determined pursuant to and in accordance with Section 2.2(4) and, for the avoidance of doubt, if such principal amount is determined to be $0, then the VTB Note shall not be issued and delivered under this Agreement.
Sample 1
VTB Note means the vendor take‐back promissory note dated April 10, 2015 issued by Waiward Steel as debtor to 317508 Alberta Ltd. as holder.
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Examples of VTB Note in a sentence

  • The VTB Note is guaranteed by the Enablex Debt Facility discussed above and management intends on utilizing this facility to repay the VTB Note at maturity.

  • The VTB Note will have no fixed maturity date and shall accrue interest at the rate of 10% per annum.

  • We used the unpaid balance of the credit facility to repay the $20 million Novartis VTB Note at maturity in July 2013.

  • The purpose of repaying the VTB Note before its August 2023 term was to eliminate future interest expense and reduce the Company’s outstanding indebtedness.

  • The VTB Note shall be repayable by the Vendor in quarterly installments in an amount equal to 5% of the gross sales realized by the Purchaser in such quarter from the sale of cannabis infused products containing more than 0.3% tetrahydrocannabinol (the “Vendor Royalty Payments”).

  • The VTB Note is unsecured and subordinated to the Sprott Credit Facility which was drawn to help fund the Company's acquisition of the Caserones royalty.

  • The Purchaser has, and will have at Closing, after application of the VTB Note to the Purchase Price, sufficient funds available (through existing credit facilities or otherwise) to enable it to complete the purchase of the Purchased Assets and the other transactions contemplated by this Agreement.

  • The Purchaser acknowledges that its obtaining financing (other than the VTB Note financing) is not a condition to any of its obligations under this Agreement, regardless of the reasons that any such financing is not obtained or whether such reasons are within or beyond the control of the Purchaser.

  • The effect of therepayment of the VTB Note on the future business of the Company will be a savings of approximately $1.3 million of interest payments between the repayment date and August 2023.

  • In connection with the Offering, the principal amount of the VTB Note that would have been due on its maturity in August 2023 ($5,750,000) was repaid together with accrued but unpaid interest ($408,000).


More Definitions of VTB Note

VTB Note means the secured non-negotiable promissory note in the principal sum of $6,000,000, issued by Acquiror to Seller on the date hereof. “VTB Note Principal Amount” means USD $6,000,000.
Sample 1
VTB Note means a promissory note made payable to Seller by Revision Military Ltd. in substantially the form of Exhibit C hereto.
Sample 1
VTB Note means the credit agreement in the principal amount of up to $8,000,000 to be entered into at the Closing between SSR, as lender, and EMX, as borrower, in the form set forth on Exhibit D.
Sample 1

Related to VTB Note

  • RMB Note means a Note denominated in Renminbi.

  • 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.

  • 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.

  • 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.

  • 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 C Note means any one of the Series 2024-1 6.48% 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.

  • 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.

  • Class A Note means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note or a Class A-4 Note.

  • Class A-4 Note means any of the 3.11% Asset Backed Notes, Class A‑4, issued under the Indenture substantially in the form attached thereto as Exhibit A-2.

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

  • Class A-3 Note means any of the ___% Asset Backed Notes, Class A-3, issued under the Indenture.

  • 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 C-1.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Tranche A Note means a promissory note of the Borrower payable to the order of any Tranche A Bank, in substantially the form of Exhibit A-1 hereto, evidencing the aggregate indebtedness of the Borrower to such Tranche A Bank resulting from Tranche A Advances.

  • 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.

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

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • Contract Note means a promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit 1.01A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Contract Advances made by such Lender to the Borrower.

  • Class A-1 Note means any of the 0.23000% Asset Backed Notes, Class A-1, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Equipment Note means and includes any equipment notes issued under the Indenture in the form specified in Section 2.01 thereof (as such form may be varied pursuant to the terms of the Indenture) and any Equipment Note issued in exchange therefor or replacement thereof pursuant to Section 2.07 or 2.08 of the Indenture.

  • Class C Note Principal Balance means, on any date of determination, an amount equal to (a) the Class C Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class C Noteholders on or prior to such date.

  • Class A-2 Note means any of the 0.36% Asset Backed Notes, Class A‑2, issued under the Indenture substantially in the form attached thereto as Exhibit A-2.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Original Note shall have the meaning assigned to such term in the recitals.

  • Class D Notes has the meaning assigned to such term in the Indenture.