Examples of Existing Promissory Note in a sentence
Each Purchaser solely owns all right, title and interest in and to its respective Existing Promissory Note(s) and has not conveyed any interest or other right in any such Existing Promissory Note to any other Person or otherwise subjected, or allowed to be subjected, such Existing Promissory Note to any lien or other encumbrance.
The Company and CoBank now desire to amend and restate the Existing Promissory Note and Supplement.
The execution of this Promissory Note and Supplement shall not constitute a novation of the indebtedness outstanding under the Existing Promissory Note and Supplement.
In addition to the $79.2 million reduction in the FY10 appropriation, the University’s base of $702.6 million (the starting point in the table) was $2.6 million less than the prior year (FY09) due to a previous O&M reduction passed during the 2008 Legislative Session.
It is understood and agreed that the representations and warranties made by the Noteholder that is an investment manager of a beneficial owner of the Existing Promissory Note are made with respect to, and on behalf of, such beneficial owner and not such investment manager, and, if applicable, are made severally (and not jointly) with respect to the investment funds, accounts and other investment vehicles managed by such investment manager.
All loans and other amount due and owing under, or arising out of, the Existing Promissory Note shall be deemed to be due and owing hereunder and shall be subject to the terms and conditions of, and be evidenced by, this Note.
The restructuring of the Existing Promissory Note was completed on 28 March 2011.
This Note shall be deemed to evidence the Additional Term Loan and to substitute for, and to amend and restate in its entirety, the Existing Promissory Note as to the indebtedness previously evidenced thereby, and the Existing Promissory Note shall be so marked by Payee.
The principal amount of the convertible note of HK$60,000,000 represents a discount of 3% to the Early Repayment Amount which is determined in accordance with the early repayment terms of the Existing Promissory Note.
The Borrowers hereby acknowledge and agree that simultaneously with the Borrowers’ execution and delivery of this Note to the Lender, the Lender has delivered to the Borrowers the Existing Promissory Note.