Definition of CCVLLC Subordinated Note


CCVLLC Subordinated Note means the unsecured promissory note executed by Borrower dated December 30, 2004, payable to the order of the CCVLLC, in the principal amount of One Million Dollars ($1,000,000.00), which promissory note shall not bear interest in excess of eight percent (8%) per annum and shall be subordinated to the Bank Facilities by execution of a Payment Subordination Agreement in a form acceptable to Agent Bank as provided in Section 3.17.
Sample 1

Examples of CCVLLC 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.