A Loan Notes definition
Examples of A Loan Notes in a sentence
One each of the Tranche A Loan Notes and Tranche B Loan Notes shall be payable to the order of each Lender in accordance with the respective Term Commitment Ratio of such Lender.
The Tranche 1 Consideration shall be $6 million payable in cash on Closing less the NAV Adjustment Amount (if any) in cash and/or Series A Loan Notes to the Sellers as set out in Schedule 1.
The Series ‘A’ Loan Notes shall be executed on Closing by the Purchaser (evidenced by the electronic delivery of the Series A Loan Notes duly executed by the directors of the Purchaser in PDF format to the Sellers’ Solicitors at ▇▇▇▇▇▇▇.▇▇▇▇▇@▇▇▇.▇▇.▇▇) and dispatched to the Sellers’ Solicitors by Fedex within 5 working days of Closing.
This Note is one of the Term A Loan Notes referred to in, and is entitled to the benefits of, the Credit Agreement, dated as of October [__], 2010 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders and Issuers party thereto, the other parties party thereto, and the Agent.
As an inducement to cause the Sellers to enter into this Agreement, the Guarantor guarantees, as primary obligor, the payment obligations of Purchaser as and when the same fall due for payment under this Agreement including, without limitation, the payment of the Tranche 1 Consideration and Tranche 2 Consideration (including redemption of the Series A Loan Notes).
This guarantee shall be a continuing obligation of the Guarantor and shall not be prejudiced by any incapacity of the Purchaser or any other matter which might operate to prevent the Sellers from enforcing the obligations of the Purchaser under this Agreement and the Series A Loan Notes.
If and to the extent that any Series A Loan Notes are to be issued to ▇▇ ▇▇▇▇▇▇ and/or ▇▇ ▇▇▇▇▇▇ pursuant to the terms of this Agreement, the Purchaser shall at the time such notes are required to be issued, deliver to the Management Sellers Representative, duly executed Series A Loan Note Instruments and duly executed certificates for such Series A Loan Notes, in favor of each of ▇▇.
This Amendment and the New Term A Loan Notes have been duly executed and delivered by the Borrower and this Amendment, the New Term A Loan Notes and the Amended Agreement are the legally valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally or by equitable principles relating to enforceability.
The indebtedness of the Borrower to the Banks resulting from the Revolving A Loan Advances made by the Banks shall be evidenced by Revolving A Loan Notes made by the Borrower.
INTEREST 18.9 No interest shall be payable under the A Loan Notes or B Loan Notes in respect of nominal amount of Loan Notes cancelled in full or partial settlement of any Claim.