Definition of 2016 Merrick–BMO Debt


2016 Merrick–BMO Debt means the indebtedness of Merrick owing to the Bank evidenced by, among other documents, the 2016 Merrick–BMO Line of Credit Agreement and a Promissory Note dated September 30, 2016, in the original principal amount of $1,152,000 made by Merrick and payable to the Bank.