Definition of CCI Subordinated Note


CCI Subordinated Note means the promissory note executed by Borrower dated August 2, 2005, payable to the order of CCI, in the principal amount of Four Million Five Hundred Thousand Dollars ($4,500,000.00), which promissory note and all security documents securing repayment of such promissory note shall be subordinated to the Bank Facilities and the Security Documentation by execution of a Lien and Payment Subordination Agreement in a form acceptable to Agent Bank as provided in Section 3.17.
Sample 1

Examples of CCI Subordinated Note in a sentence

Each of the copies of the Management Agreement, CCI Subordinated Note and CCVLLC Subordinated Note which have been delivered to Agent Bank in accordance with Section 3.17 are true and correct copies of the originals thereof.
Each of the Management Agreement, CCI Subordinated Note and CCVLLC Subordinated Note is in full force and effect and has not been amended or otherwise modified except as set forth by documents delivered to Agent Bank in accordance with Section 3.17 or except as permitted under Section 5.22 with respect to the Management Agreement.