Conduit Note definition
Examples of Conduit Note in a sentence
Each Conduit Note Purchaser and Agent hereby accepts the appointment of and authorizes the Administrative Agent to take such action as agent on behalf of such Conduit Note Purchaser and Agent and to exercise such powers as are delegated to such Administrative Agent by the terms hereof, together with such powers as are reasonably incidental thereto.
Each Conduit Note Purchaser hereby accepts the appointment of and authorizes its related Agent to take such action as agent on its behalf and to exercise such powers as are delegated to such Agent by the terms hereof, together with such powers as are reasonably incidental thereto.
After the Project has been operational for three full calendar years, and for as long as the Authority Note and the Conduit Note are outstanding, the Owner shall deposit and maintain twenty-five percent (25%) of the Annual Net Positive Cash Flow for each year in an escrow account controlled by the Owner.
The Administrative Agent or any Agent may resign at any time by giving five days' written notice thereof to each Agent (in the case of the Administrative Agent's resignation) or to the related Conduit Note Purchaser and Liquidity Provider(s) (in the case of an Agent's resignation), as applicable, the Issuer and the Trustee.
Prospect agrees not to speak to the Seller or any of its employees of the said business without obtaining the written permission from ▇▇▇▇▇▇.
Each of the Issuer and the Valuation Agent hereby acknowledges and agrees that all transactions with the Conduit Note Purchasers hereunder shall be without recourse of any kind to the Conduit Note Purchasers.
Except as permitted by the Note Purchase Agreement, the Valuation Agent, the Conduit Note Purchasers, the Agents and the Issuer each agree to keep confidential and not to disclose any non-public information, calculations, exhibits or documents related to this Agreement or the Note Purchase Agreement, without the express written consent of the other parties thereto.
The Bank Loan shall be without recourse to the Authority other than the pledge of the Appropriations, the Conduit Note and the Conduit Loan Deed of Trust.
Such Interest in an Advance acquired by a Committed Lender shall be the principal amount of a Base Rate Transfer Loan owed to such Lender evidenced by the Conduit Note held by such Lender with an Interest Period equal to the remaining term of the Advance in which such Committed Lender acquired an Interest from the applicable Conduit.
The Administrative Agent or any Agent may resign at any time by giving five days' written notice thereof to each Agent (in the case of the Administrative Agent's resignation) of to the related Conduit Note Purchaser and Liquidity Provider(s) (in the case of an Agent's resignation), as applicable, the Issuer and the Trustee.