Customer Notes definition

Customer Notes means notes receivable, on terms consistent with the past practices of the Company and its Subsidiaries and with prevailing industry practices, issued in connection with customer financing provided to purchasers of the Company's and its Subsidiaries' products and secured by a valid and enforceable first priority Lien on the products being purchased.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Customer Notes means those loans and associated instruments, agreements, documents and collateral created as a result of customer financing provided by RGS in connection with the sale of printing and like equipment in the conduct of RGS' business and which are (i) referenced under the heading "Customer Notes and Related Agreements" on Schedule 5(l) to the Purchase Agreement, (ii) similar loans entered into between April 29, 1996 and the day preceding the Closing Date, and which are consented to and purchased by BTCC and (iii) Customer Notes that are restructured between March 1, 1996 and the Closing Date, and which are consented to and purchased by BTCC.

Customer Notes means any Debt Instrument now or at any time hereafter payable, assigned to, transferred to or held by any Borrower, except Debt Instruments payable to Pioneer by another Borrower or affiliate of Pioneer, whether originated by MidCountry Bank or another lender and purchased by any Borrower or originated by any Borrower, including, without limitation, such Debt Instruments evidencing direct cash loans, purchased retail loans and real estate and home improvement loans.

Examples of Customer Notes in a sentence

For purposes of Section 11.2(ii) of the Lending Agreement, Pioneer hereby agrees that any and all rights given to MidCountry Bank in Section 7(a) of this Agreement shall be given to the Agent, or its designee including MidCountry Bank, for a period extending until all Customer Notes securing payment of Senior Debt have been collected or, in the judgment of the Agent, be deemed to be uncollectible.
Maintenance Payment Terms are stated above in the Customer Notes.
In connection with any sale, pledge or discounting of Borrower's or its Subsidiaries' Customer Notes, a "Lien" or "Liens" shall be deemed to exist to the extent of (i) the amount of any sums withheld from the Borrower or any Subsidiary in any such transaction, plus (ii) the amount of any obligation of the Borrower or any Subsidiary resulting from the non-payment of any Customer Notes involved in any such transaction.
Debtors hereby acknowledge and agree that Secured Party shall have no duty as to the collection or protection of the Customer Notes or any income thereon, nor as to the preservation of rights against prior parties, nor as to the preservation of any rights pertaining thereto.
Relating to Subordinated Indebtedness, the Assumed Guaranties and the Customer Notes Related to the Assumed Guaranties.

More Definitions of Customer Notes

Customer Notes means any and all notes and other evidence of indebtedness (except accounts receivable arising in the ordinary course of business) listed on Schedule I which were issued prior to the date of this Agreement to the Borrower and its Subsidiaries for the payment obligations of customers for goods or services provided in the ordinary course of business and that Borrower and its Subsidiaries sold prior to the Effective Date pursuant to the Customer Note Sale Agreements.

Customer Notes means any and all notes and other evidence of indebtedness (except accounts receivable arising in the ordinary course of business) listed on that certain Due Diligence Certificate to be delivered by the Borrower to the Agent on or before the Effective Date, which notes were issued prior to the Original Effective Date to the Borrower and its Subsidiaries for the payment obligations of customers for goods or services provided in the ordinary course of business and that Borrower and its Subsidiaries sold prior to the Original Effective Date pursuant to the Customer Note Sale Agreements.

Customer Notes shall have the meaning set forth in Section 4.9(g) of this Agreement.

Customer Notes. ~ please attach a separate sheet ~ Performance Date: Performance Address: Performance Location Phone:

Customer Notes means any and all notes and other evidence of indebtedness (except accounts receivable arising in the ordinary course of business) in favor of the Borrower and its Consolidated Subsidiaries for the payment obligations of customers for goods or services provided in the ordinary course of business.

Customer Notes means the promissory notes executed in favor of the Borrower by its customers or related Persons evidencing loans and advances made from time to time by the Borrower to or for the benefit of such customers, and any amendments or modifications thereto, and any replacements or renewals thereof. Default shall mean an event, condition or default which with the giving of notice, the passage of time or both would be an Event of Default. Defaulting Lender shall have the meaning given to such term in Section 3.3 hereof.

Customer Notes means, collectively, the Promissory Notes, dated November 21, 2008, issued by Oldco M to Chrysler LLC (on behalf of itself and Chrysler Motors LLC), Chrysler Canada, Inc., Ford Motor