Collateral Note definition

Collateral Note means the promissory notes or other similar rights to payment executed by a Collateral Obligor and pledged by Debtor (whether as the lead lender or a participant) to Lender as Collateral, which are described in Schedule I attached hereto (as the same may be amended from time to time).

Collateral Note means any promissory note held by the Trust during the term of this Agreement.

Collateral Note means a collateral note, deposit or similar instrument issued by the Bank or Substitute L/C Bank, as applicable, or an Affiliate of the Bank or Substitute L/C Bank, as applicable, which (i) bears interest based on the LIBO Rate for an interest period of six (6) months set [two (2)] Business Days prior to the commencement of the relevant interest period, and (ii) provides for payment of interest fifteen (15) days prior to the dates set forth for payment of interest under this Purchase Note.

Examples of Collateral Note in a sentence

• Annex B-1 accurately lists all Collateral Notes, Collateral Note Security, Pledged Shares, Partnership/Limited Liability Company Interests, commercial tort claims, and Deposit Accounts.

• Each material Collateral Note and the documents evidencing the Collateral Note Security are in full force and effect; there have been no renewals or extensions of, or amendments, modifications, or supplements which would materially adversely affect such Collateral Notes or Collateral Note Security; and no “default” or “event of default” has occurred and is continuing under any such Collateral Note or documents evidencing the Collateral Note Security.

• Debtor has good title to the Collateral Notes and Collateral Note Security, and such Collateral Notes and Collateral Note Security are free from any claim for credit, deduction, or allowance of an Obligor and free from any defense, condition, dispute, setoff, or counterclaim which could materially adversely affect the value thereof, and there is no extension or indulgence with respect thereto.

• Each Grantor has title to its respective Instruments, chattel paper, Collateral Notes, and Collateral Note Security.

• Schedule 3.8 accurately lists all Pledged Equity Interests, Collateral Notes, Collateral Note Security, commercial tort claims, and all letters of credit rights, in which any Grantor has any right, title, or interest.

More Definitions of Collateral Note

Collateral Note. That certain Note dated as of June 28, 2000, made by Park Avenue Financing Company, LLC and PAMC Co-Manager Inc. to the order of Borrower in the original principal face amount of $25,000,000.00.

Collateral Note means that certain Real Estate Lien Note (Non-Recourse) dated August 5, 2008, in the stated original principal amount of THIRTEEN MILLION AND NO/100 DOLLARS ($13,000,000.00), executed by Collateral Note Maker, and payable to the order of Secured Party, as assigned by Secured Party to Debtor, as the same may be renewed, extended, supplemented, increased, amended or modified from time to time with the consent of Secured Party, and all other promissory notes given in substitution therefor or in modification, renewal, amendment, restatement, increase or extension thereof, in whole or in part.

Collateral Note means that certain Real Estate Lien Note (Non-Recourse) dated August 5, 2008, executed by Collateral Note Maker, payable to the order of Lender in the stated principal amount of $13,000,000.00, as assigned by Lender to Borrower, and any and all renewals, modifications rearrangements, reinstatements, enlargements, or extensions of such promissory note or of any promissory note or notes given in renewal, substitution or replacement therefor.

Collateral Note means each of the promissory notes of the Partnerships and any modifications, amendments and supplements thereto contained in any agreements, instruments or other documents described on Schedule 3 annexed hereto, evidencing an Indebtedness of any kind from such Partnership to the Borrower or its Affiliates secured by a Collateral Mortgage.

Collateral Note means the renewal collateral note, dated the date hereof, of Seminole Fertilizer Corporation payable to the order of the Agent, as agent on behalf of the Banks, in the aggregate principal amount of $44,112,705, substantially in the form of EXHIBIT C-2 hereto.

Collateral Note means collectively: (0 that certain promissory note in the original principal sum of $6,975,000.00 executed by SB Harbor Market Joint Venture and payable to the order of Lender; (ii) that certain promissory note in the original principal sum of $6,500,000.00 executed by SB Harbor Market Joint Venture and payable to the order of Lender; (iii) that certain promissory note in the original principal sum of $925,985.00 executed by SB Harbor Market Joint Venture and payable to the order of Lender; (iv) that certain promissory note in the original principal sum of $2,141,790.00 executed by SB Harbor Market Joint Venture and payable to the order of Lender; (v) that certain promissory note in the original principal sum of $437,600.00 executed by B. Kastelli, LLC and payable to the order of Lender; (vi) that certain promissory note in the original principal sum of $450,221.00 executed by B. Kastelli, LLC and payable to the order of Lender; (vii) that certain promissory note in the original principal sum of $4,356,000.00 executed by Adriatica Commercial One, LP and payable to the order of Lender; (viii) that certain promissory note in the original principal sum of $250,000.00 executed by Adriatica Commercial One, LP and payable to the order of Lender; (ix) that certain promissory note in the original principal sum of $3,147,718.00 executed Adriatica Retail II, LP and payable to the order of Lender; (x) that certain promissory note in the original principal sum of $130,000.00 executed by SB Harbor Market Joint Venture and payable to the order of Lender and; (xi) that certain promissory note in the original principal sum of $400,000.00 executed by SB Harbor Market Joint Venture and payable to the order of Lender, and all renewals, extensions, and modifications thereof which have all previously been transferred and assigned to Borrower and collaterally endorsed by Borrower to the order of Lender.

Collateral Note means that certain Collateral Mortgage Note executed by the Borrower, dated January 17, 1990, in the principal sum of Two Hundred Fifty- Five Thousand and No/100 ($255,000.00) Dollars, which is paraphed for identification with and secured by the Mortgage.