Acquisition Note definition

Acquisition Note means a promissory note made by Borrower in favor of a Lender evidencing the Lender’s Applicable Percentage of the Acquisition Loan, substantially in the form of Exhibit G.

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Acquisition Note shall have the meaning provided in Section 1.05(a)(iii).

Acquisition Note means a promissory note issued by the Company in connection with an Acquisition Transaction in an original principal amount approved in writing by Sigma.

Examples of Acquisition Note in a sentence

Nothing herein shall impair, as between the Borrower and the Subordinated Creditor, the obligations of the Borrower which are unconditional and absolute to pay Subordinated Creditor in accordance with the terms of the Acquisition Note, subject to the terms of this Subordination Agreement.
The provisions of this Agreement are solely for the purpose of defining the relative rights of Senior Creditor as the holder of the Senior Debt, Borrower and the holder of the Acquisition Note.
Provided that there exists no Event of Default (or event which would become and Event of Default with notice or the passage of time) under the Senior Loan Agreement which remains uncured, the Subordinated Creditor shall be entitled to receive and retain interest repayment and principal repayment, under the Acquisition Debt in accordance with the terms of the Acquisition Note.
The Subordinated Creditor shall not be entitled to receive or retain any prepayment (in cash, property, by set-off or otherwise) of or on account of the Acquisition Note until such time as the Senior Debt is paid in full.
The Borrower desires to renew these credit facilities by the execution of another Acquisition Note and Liquidity Note extending the original payment terms and the maturity date by one year.

More Definitions of Acquisition Note

Acquisition Note means the promissory note issued by Borrower to the Subordinated Creditor which evidences the Acquisition Debt.

Acquisition Note means any of such Acquisition Notes.

Acquisition Note means that certain Promissory Note, made by the Merger Sub in favor of and for the benefit of the MPT Acquisition Lender, which shall evidence the Acquisition Loan and which shall be in substantially the form attached hereto as EXHIBIT B.

Acquisition Note means that certain promissory note, dated as of September 30, 1996, executed by the Borrower to the order of BEST in the principal amount of $10,950,000, as such promissory note may be amended, modified, restated or replaced from time to time.

Acquisition Note means an approximately $25.3 million non-interest bearing promissory note issued by the Partnership to each of the Vendors as part of the consideration for the Purchased Assets in connection with the Acquisition, which notes were repaid immediately upon closing of the IPO;

Acquisition Note means a promissory note of the Borrower payable to any Lender, in the form of Exhibit B hereto (as such promissory note may be amended, endorsed or otherwise modified from time to time), evidencing the aggregate Indebtedness of the Borrower to such Lender resulting from outstanding Acquisition Loans, and also means all other promissory notes accepted from time to time in substitution therefor or renewal thereof.

Acquisition Note means that certain Limited Recourse Acquisition Note in the principal amount of $35,666,880 issued on the Closing Date by Merger Sub in favor of the Sellers in form acceptable to the Agent.