Renewal Note definition

Renewal Note means a promissory note in the form attached hereto as Exhibit A.

Renewal Note means any promissory note executed and delivered by the Borrower to the Bank in connection with a renewal, extension, modification, amendment, revision, replacement or substitution of any Note in accordance with the terms of this Agreement.

Renewal Note has the meaning specified in the Background section hereof.

Examples of Renewal Note in a sentence

• To agree with the Trustees, we would have to conclude—as a matter of law—that they violated their fiduciary duty by not filing suit on the first day after the Renewal Note matured (either by its terms or by acceleration).

• Certainly the accrual date for claims against Travis Ward based on the Renewal Note is a factor relevant to when the breach of fiduciary claims accrued, but it is not dispositive of that question.

• Revolving Line of Credit Renewal Note, dated May , 1995, in the amount of $1,700,000.00 given by Sun Hydraulics Corporation to Northern Trust Bank of Florida, N.A. (previously filed as Exhibit 4.4 in the Company's Registration Statement on Form S-1 filed on October 15, 1996 (File No. 333-14183) and incorporated herein by reference).

• Analysis.6As an initial proposition, none of the defendants challenge the authenticity of the Renewal Note or the Continuing Guaranties, nor do they dispute their assent to such agreements or the non-payment of their obligations under same.

• No defendant has suggested otherwise on summary judgment, much less developed such an argument in opposition to the pending Rule 56 motion.C. The Breach.By the terms of the Renewal Note, Point Clear was to repay the $3 million in principal to Whitney Bank on October 3, 2011.

More Definitions of Renewal Note

Renewal Note shall have the meaning set forth in the Recitals.

Renewal Note means a Note accepted by Buyer (i) which is substantially in the form of the annexed Exhibit D (ii) which is executed by all of the Obligors and Loan Guarantors of a note related to a Loan previously sold to Buyer ("Prior Note") which Prior Note was to be paid in full on the date the Renewal Note first becomes effective ("Renewal Date"); (iii) which evidences an obligation to repay a principal amount equal to or less than the principal amount required to be paid by the Obligor under the Prior Note on the Renewal Date; (iv) which provides for monthly principal payments in amounts not less than the monthly principal payments required pursuant to the terms of the Prior Note; (v) which provides that on and after the first Renewal Date after the purchase by the Buyer hereunder, the related Loan will fully amortize over the remaining term to maturity; and (vi) which remains subject to and secured by all of the Related Documents applicable to the Prior Note (as the same may be amended and restated by the terms of the Renewal Note).

Renewal Note means any promissory note executed and delivered by the Borrower to the Bank in connection with a renewal, extension, modification, amendment, revision, replacement or substitution of one or both Notes in accordance with the terms of this Agreement.

Renewal Note reads in part:

Renewal Note is in the amount of $22,484,435.04, and is signed by the Borrower in favor of Xxxxxx. Also attached is the original $22,700,000.00 promissory note which it renews, with proper notation that tax was affixed to the mortgage. Therefore, the "Renewal Note" would be exempt from tax under s. 201.09(1), F.S., and Rule 12B-4.054(1) and 12B-4.054(1)(b), F.A.C.

Renewal Note means the renewal promissory note of Borrower attached hereto as Exhibit A, expressly renewing and increasing the Original Note.

Renewal Note. This Note is a renewal of an earlier loan or credit extension to Borrower from Lender, or from a JPMorgan Chase & Co. affiliate which transferred the loan to Lender, and is identified in Lender or the affiliate's internal records as account number ACBS80344052. This Note shall not release or affect the liability of any guarantor, surety or endorser of the loan, or release any security interest granted by any owner of any collateral securing the loan. This Note shall be considered a modification only, and not a novation. LOAN TYPE. This Note evidences a Commercial Line of Credit.