Secured Notes Sample Clauses
The 'Secured Notes' clause defines the terms under which a debt instrument, known as a note, is backed by specific collateral to provide security for the lender. In practice, this clause outlines what assets are pledged as security, the rights of the noteholders in the event of default, and the procedures for enforcing the security interest. By establishing a clear framework for collateralization, the clause protects lenders by reducing their risk and ensuring they have a claim to certain assets if the borrower fails to meet repayment obligations.
Secured Notes. (i) The Notes sold to Persons that are not “U.S. Persons” (as defined in Regulation S) shall each be issued initially in the form of one permanent global Note per Class in definitive, fully registered form without interest coupons substantially in the form attached as Exhibit A hereto (each, a “Regulation S Global Note”), and shall be deposited on behalf of the subscribers for such Notes represented thereby with the Trustee as custodian for, and registered in the name of a nominee of, DTC for the respective accounts of Euroclear and Clearstream, duly executed by the Issuers and authenticated by the Trustee or the Authenticating Agent as hereinafter provided.
(ii) The Notes sold to Persons that are QIB/QPs shall each be issued initially in the form of one permanent global Note per Class (unless such Persons elect to receive a Certificated Note) in definitive, fully registered form without interest coupons substantially in the form attached as Exhibit A hereto (each, a “Rule 144A Global Note”) and shall be deposited on behalf of the subscribers for such Notes represented thereby with the Trustee as custodian for, and registered in the name of Cede & Co., a nominee of, DTC, duly executed by the Issuers and authenticated by the Trustee or the Authenticating Agent as hereinafter provided.
(iii) The Secured Notes sold to persons that are a QIB/QP, may upon request be issued in the form of one or more definitive, fully registered notes without coupons substantially in the form attached as Exhibit A hereto (a “Certificated Note”) which shall be registered in the name of the beneficial owner or a nominee thereof, duly executed by the Issuers and authenticated by the Trustee or Authenticating Agent as hereinafter provided.
(iv) The aggregate principal amount of the Regulation S Global Notes and the Rule 144A Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee or DTC or its nominee, as the case may be, as hereinafter provided.
Secured Notes. 6 SECTION 2.02. Payment from Indenture Estate Only........... 7 SECTION 2.03.
Secured Notes. The Series 1996 A-1 Secured Notes ----------------------------- shall:
Secured Notes. Evidence that the Secured Notes shall have been or shall substantially concurrently with the effectiveness of this Agreement be funded in an aggregate principal amount of not less than $500,000,000.
Secured Notes. Such Secured Noteholder is the holder of the Secured Note(s) set forth opposite its name on Schedule 1 hereto, and such Secured Note(s) constitute all of the secured indebtedness owed by the Company to such Secured Noteholder. Such Secured Noteholder has not granted any other Person a security interest, lien or other Encumbrance with respect to such Secured Note(s), the Company or any of its Affiliates or any of its or their respective assets.
Secured Notes. Delivery to each Seller of a secured promissory note of Buyer in a principal amount which represents each such Seller's Proportionate Share, of a principal sum totaling One Million Five Hundred Thousand Dollars ($1,500,000). Each of such secured promissory notes (a "Note" or, collectively, the "Notes") shall be in the form attached hereto as EXHIBIT A and shall be secured, in accordance with the terms and provisions contained in a security agreement, in the form attached hereto as EXHIBIT B (each, a "Security Agreement"), granting to Sellers a security interest in all present and future accounts receivable of Mercy, more fully described in Section 8 below; and
Secured Notes. The Debtors acknowledge that after the Foreclosure, the full principal and interest accrued on the Alpha Note and the balance of the KGN Note not tendered in the Foreclosure shall be valid outstanding debts of the Debtors.
Secured Notes. The original Secured Notes, which shall be cancelled following payment therefor at the Closing, and an executed counterpart of an agreement in form and substance satisfactory to Purchaser from the holders of the Secured Notes acknowledging and agreeing that (i) on payment of the aggregate Secured Notes Payment Amount, the Secured Notes will be paid in full and that effective as of the Closing, the Secured Notes and the Security Agreement are deemed cancelled and terminated and (ii) such holder will execute and file, or authorizes Purchaser to file on its behalf, as of the Closing Date any financing statements, including without limitation any UCC financing statement amendments, necessary or desirable to terminate any security interest granted to such holders under the Security Agreement.
Secured Notes. “Secured Notes” shall have the meaning given such term in the definition of “Transactional Agreements.”
Secured Notes. Claim Any Claim against a Debtor arising under, derived from, secured by, based on, or related to the Secured Notes Indenture or any other agreement, instrument or document executed at any time in connection therewith and any guaranty thereof. Secured Notes Indenture That certain instrument, dated as of April 16, 2014, between FTS, certain guarantors, and the Secured Notes Trustee, as amended, restated, amended and restated, modified, or supplemented from time to time. Secured Notes Trustee U.S. Bank National Association, as collateral agent and trustee under the Secured Notes Indenture. Term Loan Agent W▇▇▇▇ Fargo Bank, National Association, as administrative agent under the Term Loan Agreement. Term Loan Agreement That certain credit agreement, dated as of April 16, 2014, between FTS, certain lenders, and the Term Loan Agent, as amended, restated, amended and restated, modified, or supplemented from time to time. Term Loan Claim Any Claim against a Debtor arising under, derived from, secured by, based on, or related to the Term Loan Agreement or any other agreement, instrument or document executed at any time in connection therewith and any guaranty thereof. Term Loan Lender Any lender party to the Term Loan Agreement. Unimpaired With respect to a Class of Claims or Interests, a Class of Claims or Interests that is not Impaired.