Draw Note definition

Draw Note is defined at Section 1.1.2.

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Draw Note or “Draw Notes” shall mean all Draw Loan C Notes executed by Borrowers and delivered to Bank pursuant to this Agreement.

Draw Note is amended to mean the Draw Note as defined in Recital C to this Agreement, (iv) the “Notes” is amended to mean the Notes as defined in Recital C to this Agreement, (v) the “Stock Pledge Agreement” is amended to mean the Sock Pledge Agreement as defined in Recital D to this Agreement, (vi) the “Collateral Assignment” is amended to mean the Collateral Assignment as defined in Recital C to this Agreement, and (vii) the “Loan Documents” is amended to mean the Loan Agreement, the Notes, the Stock Pledge Agreement, the Collateral Assignment and the other documents evidencing, securing and guarantying the Loan, in their original form and as amended.

Examples of Draw Note in a sentence

• Once drawn, no Delayed Draw Note Commitment may be redrawn, whether or not the Delayed Draw Notes related thereto have been repaid or prepaid.

• All of the Note Parties’ obligations under this Article III shall survive any transfer of the Notes, the termination of the Delayed Draw Note Commitments, the repayment, satisfaction or discharge of the Obligations hereunder and the resignation or replacement of the Collateral Agent.

• The Indebtedness represented by the Notes and the other Obligations under the applicable Note Documents of each Note Party is intended to constitute senior secured Indebtedness, and accordingly is, and shall be, at all times while the Notes and the other Obligations remain outstanding or the Purchasers have any outstanding Delayed Draw Note Commitments hereunder, pari passu or senior in right of payment with all Indebtedness (if any) of such Note Party.

• Subject to compliance with the other provisions of this Section 12.06, any transfer of Notes or Delayed Draw Note Commitments shall be effective upon the execution and delivery, by the transferor and the transferee (to the extent required by Section 12.06(b), with the consent of the Issuers and the Required Purchasers), pursuant to an Assignment and Assumption.

• The Delayed Draw Note Closing Date shall not occur after August 14, 2019.

• The Purchasers shall have received a valid Notice of Issuance meeting the requirements of Section 2.06 with respect to the issuance to be effected on the Delayed Draw Note Closing Date.

• Upon the expiration of the Availability Period, the Delayed Draw Note Commitments shall automatically, without action by any Issuer or any Purchaser, be reduced to zero.

• No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Delayed Draw Note Register as provided in this paragraph.

• The agreements in this Section and the indemnity provisions of Section 12.02(d) shall survive the resignation of the Collateral Agent, the transfer of any Note, the replacement of any Purchaser, the termination of the Delayed Draw Note Commitments and the repayment, satisfaction or discharge of all the other Obligations.

• The Issuer hereby appoints the Indenture Trustee as its agent for purposes of keeping a register (the “Delayed Draw Note Register”) at the office of the Indenture Trustee in which the Indenture Trustee shall maintain records of each Holder’s Commitment applicable to each Class A-2A Note, the aggregate principal amount of Draws from time to time outstanding in respect of each Class A-2A Note and a copy of each Assignment and Acceptance delivered to the Indenture Trustee pursuant to Section 7.03(b).

More Definitions of Draw Note

Draw Note means the Draw Note executed by Borrowers in favor of Bank in the amount of $1,500,000.00 evidencing the Equipment Loan.

Draw Note means, a promissory note in substantially the form of Exhibit C hereto or in another form prepared by and acceptable to that Bank together with any and all renewals, extensions, modifications or replacements thereof and given in substitution therefor.

Draw Note means that Draw Note, issued by Covenant to TBK Bank, SSB for the principal amount of FORTY FIVE MILLION DOLLARS ($45,000,000.00), including all amendments, riders, and supplements thereto, entered in connection with this Agreement and dated September 23, 2020, attached hereto as composite Exhibit 2.33.

Draw Note means each Draw Note provided for in this First Amendment, evidencing each advance under the Draw Loan.