Contingent Notes definition

Contingent Notes means the contingent promissory notes constituting Subordinated Indebtedness issued to the Sellers in connection with a Permitted Acquisition made hereunder or under this Agreement prior to its amendment and restatement on the Initial Closing Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Contingent Notes means the Company's Senior Subordinated Contingent Notes due 2009.

Contingent Notes means the Contingent Payment Notes due on the Maturity Date issued pursuant to the Contingent Note Indenture;

Examples of Contingent Notes in a sentence

The Board of Directors of the Purchaser has duly authorized the execution, delivery and performance of this Agreement, the Contingent Notes and the other agreements and transactions contemplated hereby, and no other corporate proceedings on its part are necessary to authorize this Agreement and the transactions contemplated hereby.
Upon execution and delivery of this Agreement by the parties hereto this Agreement shall, and upon issuance of the Contingent Notes in accordance with the provisions hereof the Contingent Notes shall, constitute legal, valid and binding obligations of the Purchaser, enforceable against the Purchaser in accordance with their respective terms.
The Contingent Notes shall be non-transferable and non-negotiable other than by will or the laws of intestate succession.
For each period for which Operating Earnings or Cumulative Operating Earnings equal or exceed the applicable Minimum Target, the Appropriate Principal Amount of the Contingent Notes, together with interest accrued on such Appropriate Principal Amount, shall become due and payable and shall be paid as provided in subparagraph (a) above.
Unless otherwise defined herein, all other capitalized terms used herein and defined in the Subordinated Contingent Notes shall have the respective meanings given to those terms in the Subordinated Contingent Notes, and all terms defined in the New Jersey Uniform Commercial Code (the “UCC”) shall have the respective meanings given to those terms in the UCC.

More Definitions of Contingent Notes

Contingent Notes means the unsecured contingent notes issued by the Borrower and certain of the Subsidiaries in connection with acquisitions prior to the Closing Date and any earn-out obligations incurred prior to the Closing Date which are similar in nature thereto but which are not represented by actual notes, all of which are set forth on Schedule 1.01(b).

Contingent Notes means those certain 8% Non-Negotiable Subordinated Contingent Notes in the original aggregate principal amount of $2,500,000 issued pursuant to the Purchase Agreement.

Contingent Notes is defined in the recitals to this Agreement.

Contingent Notes means JPS Capital's Contingent Payment Notes due on the Maturity Date (as defined in the Contingent Note Indenture), governed by the terms of the Contingent Note Indenture, in the aggregate initial principal amount of $34,000,000, subject to adjustment pursuant to the Contingent Note Indenture.

Contingent Notes means notes issued under and having terms and conditions consistent with this Plan.

Contingent Notes means the Senior Subordinated Contingent Notes due 2009 of JCC issued pursuant to the Plan of Reorganization.

Contingent Notes means (a) the 7% subordinated contingent promissory notes issued by the Company pursuant to the Acquisition Agreement relating to the Derr▇▇▇ ▇▇▇uisition dated as of the closing of the Derr▇▇▇ ▇▇▇uisition, (b) the 8% Non-Negotiable Subordinated Contingent Notes issued pursuant to the Asset Purchase Agreement of the Company's predecessor dated as of January 1, 1994 and (c) contingent promissory notes issued to the Sellers in connection with a Permitted Acquisition constituting Subordinated Indebtedness.