Debtor Note definition

Debtor Note shall have the meaning described in Section 3.2. ------------
View Source
Debtor Note means a promissory note issued to the Asbestos Trust by Aldrich and Murray as co-obligors, in substantially the form of Exhibit 1.1.36 and which, after the Effective Date, will become the joint obligation of the Reorganized Debtors.
View Source

Examples of Debtor Note in a sentence

  • This Guaranty is for the benefit of Debtor and Debtor's successors and assigns, and in the event of an assignment of the Debtor Note, or any part thereof, the rights and benefits hereunder, to the extent applicable to the Debtor Note so assigned, may be transferred with such Debtor Note.

  • If Debtor elects to demand payment, it shall at all times thereafter have the right to demand performance until all of the Debtor Note have been paid and performed in full.

  • Reit Note shall be paid, during the term of the Debtor Note, by POC's reduction of any payments due under the Van Reit Note so long as a balance remains on the Debtor Note and deduct such amount from the monthly payment due under the Debtor Note.

  • Such sums shall, when deposited by POC into such escrow account, constitute a payment of and shall be credited against the principal and interest on the Debtor Note as if such sum had been received by CPSC.

  • Except as provided in Section 3.4.4 below with respect to the Ortiz Easement, such Offsets ar▇▇▇▇▇ after the Closing will be applied against installments due under the Debtor Note in inverse order of maturity.

  • If acceleration of the time for payment of any of the Debtor Note is stayed or delayed by any Law or tribunal, all such amounts shall nonetheless be payable by Guarantor on demand by Debtor.

  • If Debtor elects to demand performance, it shall at all times thereafter have the right to demand payment until all of the Debtor Note have been paid and performed in full.

  • Guarantor's representations, warranties and covenants are a material inducement to Debtor to enter into the other Debtor Note and shall survive the execution hereof and any bankruptcy, foreclosure, transfer of security or other event affecting Borrower, Guarantor, any other party, or any security for all or any part of the Debtor Note.

  • Should it be determined that any portion of the Debtor Note or any other amount payable by Guarantor under this Guaranty constitutes interest in excess of the maximum amount of interest that Guarantor, in Guarantor's capacity as guarantor, may lawfully be required to pay under applicable Law, the obligation of Guarantor to pay such interest shall automatically be limited to the payment thereof in the maximum amount so permitted under applicable Law.

  • The Offsets as described in Section 3.4.1 incurred prior to the Closing shall reduce, at Closing, the principal amount of the Debtor Note.

Related to Debtor Note

  • Subordinated Note has the meaning set forth in the Purchase and Sale Agreement.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Subordinated Intercompany Note means the Subordinated Intercompany Note, substantially in the form of Exhibit H.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.