Approved Variable Security Issuance definition
Approved Variable Security Issuance means a Variable Security Issuance (as defined in the Purchase Agreement) for which Borrower received Lender’s written consent prior to the applicable issuance.
Examples of Approved Variable Security Issuance in a sentence
The outstanding balance of this Note will automatically be increased by five percent (5%) for each Approved Variable Security Issuance made by Borrower (without the need for Lender to provide any notice to Borrower of such increase), which increase will be effective as of the date of each applicable Approved Variable Security Issuance.