Employee Notes definition

Employee Notes means promissory notes of employees of Holding, the Company or any of their Subsidiaries payable to the Company or Holding and received in connection with the substantially concurrent purchase of common stock of the Company or Holding by such employees.

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Employee Notes means certain promissory notes evidencing certain Indebtedness owed to Borrower by certain employees of Borrower in existence on the Closing Date and disclosed to Agent prior to the Closing Date.

Employee Notes means promissory notes of employees of the Borrower, Holding or their Subsidiaries payable to the Borrower or Holding and received in connection with the substantially concurrent purchase of Capital Stock of the Borrower or Holding by such employees.

Examples of Employee Notes in a sentence

• For purposes of this Section, each of the Banks shall be considered to be a "creditor" under the Federal Bankruptcy Code with respect to this Agreement, the Revolving Credit Notes, the Employee Notes and the Borrower Guaranty.

• All such Books and Records shall be returned to the Company upon the termination of this Agreement pursuant to Section 10.7 herein.

• For purposes of the Employee Notes, the Debt to Cash Flow Ratio referred to therein used to calculate Cash Flow Deficiency referred to therein shall be the Leverage Ratio as used herein.

• All payments and prepayments by the Borrower hereunder and the makers of Employee Notes shall be made to the Agent, at its address stated in Section 10.8 hereof, in such money of the United States as at the time of payment shall be legal tender for the payment of public and private debts and in immediately available funds, without setoff, deduction or counterclaim.

• Simultaneously with the making of each such payment of its Ratable Share of Employee Loans by a Bank to NationsBank, such Bank shall, automatically and without any further action on the part of NationsBank or such Bank, acquire a participation in an amount equal to such payment in the related Employee Loan and in the interest thereon and in the related Employee Notes, and shall have a claim against the Qualified Employees with respect thereto.

More Definitions of Employee Notes

Employee Notes means the Company’s ___% Senior Convertible Notes due 2021 to be issued pursuant to the Plan as follows: (a) $550,000,000 to a trust or other entity designated by the Air Line Pilots Association, International; (b) $24,000 to a trust or other entity designated by the Transport Workers Union of America, AFL-CIO; (c) $400,000 to a trust or other entity designated by the Professional Airline Flight Control Association; (d) $40,000,000 to a trust or other entity designated by the Aircraft Mechanics Fraternal Association; (e) $60,000,000 to a trust or other entity designated by the International Association of Mechanics and Aerospace Workers; and (f) $56,000,000 to a trust or other entity for the benefit of United States based salaried and management employees of the Company and certain of its Subsidiaries.

Employee Notes means promissory notes of employees of the Company or any of its Subsidiaries payable to the Company and received in connection with the substantially concurrent purchase of common stock of the Company by such employees.

Employee Notes means those promissory notes made by employees of the Company in favor of the Company listed on Schedule IV hereto.

Employee Notes means those certain non-negotiable promissory notes payable by the Company to certain of its current and former employees and identified on Section 1.01(b) of the Company Disclosure Letter.

Employee Notes have the meanings stated in Section 2.1(g).

Employee Notes means the Company’s ___% Senior Convertible Notes due 2021 to be issued pursuant to the Plan to various employees of the Company, including through their respective collective bargaining units.

Employee Notes means those certain promissory notes, issued to the Company by N▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and P▇▇▇▇ Van Vlasselaer.