Diamond Note definition

Diamond Note means the promissory note issued by Diamond payable to the order of the Borrower, meeting the requirements of and pursuant to Section 5.20.
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Diamond Note means the Amended and Restated Revolving Note, dated June 7, 2006, in the face principal amount of $50,000,000 issued by Diamond and payable to the order of the Company.
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Examples of Diamond Note in a sentence

  • Tenneco will transfer to Industrial Company as an intercompany advance an amount of funds equal to the purchase price of the TPI Diamond Note ($1,365,000).

  • Tenneco Corporation's distribution of the stock of Shipbuilding Company and Industrial Company in step C(16) may violate certain provisions of a guarantee agreement executed by Tenneco Corporation in connection with the issuance of the Diamond Note.

  • The Borrower shall execute a security agreement pledging the Diamond Note, and endorse and deliver the Diamond Note to the Lender promptly upon Borrower's receipt thereof, together with a UCC-3 Amendment Statement, and in any event all no later than January 25, 2006.

  • On the date that each advance by the Borrower to Diamond is made under the Diamond Note, Diamond will be (i) a duly organized and legally existing corporation in good standing under the laws of the State of Oklahoma, and (ii) solvent and having the ability to pay its debt when and as due.

  • The Borrower shall further cause Diamond to execute and deliver an acknowledgment of the pledge of the Diamond Note by the Borrower to the Agent as further security for the Secured Liabilities, in form and substance reasonably satisfactory to the Agent.

  • The Borrower shall use the proceeds of the Loan (i) in connection with the acquisition and development of oil and gas properties as well as general corporate and working capital purposes (including letters of credit hereunder) and (ii) to loan funds under the Diamond Note to Diamond in accordance with Section 5.20 and Section 6.3(h).

  • The Diamond Note shall be secured by a subordinated security interest in certain assets of Diamond on the terms and conditions of the security agreement attached hereto as Exhibit E (the "Security Agreement"), mortgages attached hereto as Exhibit F ("Mortgages") and the subordination agreement attached hereto as Exhibit G (the "Subordination Agreement").

  • The Borrower has delivered the complete original of the Diamond Note to the Agent.

  • The Borrower shall further cause Diamond to execute and deliver an acknowledgment of the pledge of the Diamond Note by the Borrower to the Lender as further security for the Indebtedness, in form and substance reasonably satisfactory to the Lender, no later than January 25, 2006.

  • Upon execution and delivery of this Amendment, Diamond shall execute and deliver to Distributor the Diamond Note, the Security Agreement and the Mortgages, against Distributor's execution and delivery of the Subordination Agreement, Security Agreement and Mortgages and its advance of the Loan Proceeds.

Related to Diamond Note

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

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

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

  • Demand Note means the note issued by the rating authority, in relation to the premises for the purpose of levying non-domestic rates prescribed by Scottish Ministers for the financial year, in respect of which a claim is made under this Determination;

  • Seller Note means any promissory note or notes issued by a Loan Party to the seller in respect of any Permitted Acquisition as partial consideration in connection with such Permitted Acquisition.