Deferred Payment Note definition

Deferred Payment Note means a promissory note of the Company payable to a Bank, substantially in the form of Exhibit G, evidencing all accrued and unpaid interest and fees owed to such Bank under the Existing Credit Agreement as of the Closing Date (except to the extent waived by such Bank).
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Deferred Payment Note shall have the meaning assigned to such term in the Transfer Agreement.
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Deferred Payment Note shall have the meaning set forth in Section 10.04(b) of this Participation Agreement.
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Examples of Deferred Payment Note in a sentence

  • The Buyer shall have the right to satisfy any Loss hereunder by seeking to offset such Loss against Deferred Payments owing to the Seller pursuant to Article III hereof, including payments owing under any Deferred Payment Note.

  • As and when payment is received from the Purchaser from time to time under the Deferred Payment Note, SCI intends to utilise such proceeds to grow its renewables portfolio.

  • Plaintiffs signed a Deferred Payment Note dated June 18, 2002, memorializing their obligation.Defendant retained legal title to the realty.

  • Cases in which the IRS engages in enforced collection generally foster in IRS employees a view that the taxpayer does not want to pay the liability and will actively take steps to avoid doing so.

  • However, the TSA may be terminated earlier as SEIL can, subject to the terms of the Deferred Payment Note, terminate the TSA by 30 days’ notice in writing to the Technical Advisor.

  • The Deficit shall be payable in cash or, at the Buyer's option, by delivery of a Deferred Payment Note to the extent same is permitted under Section 3.3. Interest on any Deferred Payment Notes will be excluded in determining the Deficit.

  • On June 16, 2023, the Company issued 2,626,037 common shares to settle the FFS First Anniversary Deferred Payment (Note 14).

  • See Annex 5 to this Note for more detailed information about the funding providers and about the number of projects in which INTERSOS is involved, together with the relevant countries and sectors.

  • The terms of the TSA shall be from the date of Completion until the termination of the Deferred Payment Note (as further discussed below) in accordance with the terms thereof.

  • The provisions of this Deferred Payment Note shall be construed according to the internal substantive laws of the State of New York without regard to conflict of laws principles.


More Definitions of Deferred Payment Note

Deferred Payment Note means any agreement between the parties to the Transfer Agreement whereby the Buyer agrees to repay the Originator for any unpaid portion of the Purchase Price to the Originator (with such terms having the meanings set forth in the Transfer Agreement).
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Deferred Payment Note shall have the meaning set forth in the Asset Purchase Agreement.
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Related to Deferred Payment Note

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Restricted Shares in accordance with Section 4.4 of this Restricted Share Plan; and (ii) the Participant’s Separation Date.

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Delayed Payment Interest Rate means the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive’s separation from service.

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 77% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Servicer: Calmco, or its successors in interest, as applicable.

  • Required Payments means each of the items described in (i) through (xii) of Section 3.4 of the Indenture.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Guaranteed Payment for each Class of Notes and any Payment Date means the sum of (i) the related Guaranteed Principal Payment Amount plus (ii) the related Aggregate Investor Interest for that Payment Date.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Assumed Scheduled Payment means: (i) with respect to any Balloon Mortgage Loan as to which advancing is required hereunder for its Maturity Date (provided that such Balloon Mortgage Loan has not been paid in full, and no Final Recovery Determination or other sale or liquidation has occurred in respect thereof, on or before the end of the Collection Period in which such Maturity Date occurs) and for any subsequent Due Date therefor as of which such Balloon Mortgage Loan remains outstanding and part of the Trust, if no Scheduled Payment (other than the related delinquent Balloon Payment) is due for such Due Date, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment that would have been due in respect of such Balloon Mortgage Loan on such Due Date, if it had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule in effect immediately prior to, and without regard to the occurrence of, its most recent Maturity Date (as such may have been extended in connection with a bankruptcy or similar proceeding involving the related Mortgagor or a modification, waiver or amendment of such Balloon Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof), and (ii) with respect to any REO Mortgage Loan for any Due Date therefor as of which the related REO Property or an interest therein remains part of the Trust, the scheduled monthly payment of principal and interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment (or, in the case of a Balloon Mortgage Loan described in clause (i) of this definition, the Assumed Scheduled Payment) that was due in respect of the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan. The amount of the Assumed Scheduled Payment for any A Note shall be calculated solely by reference to the terms of such A Note (as modified in connection with any bankruptcy or similar proceeding involving the related Mortgagor or pursuant to a modification, waiver or amendment of such Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof) and without regard to the remittance provisions of the related Intercreditor Agreement.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Deferred Purchase Price shall have the meaning set forth in Section 2(a).