First Allonge definition

First Allonge. Second Modification", "Second Allonge", "Third Modification Agreement", "Third Allonge", "Fourth Modification Agreement", "Fourth Allonge", "Fifth Modification Agreement", "Fifth Allonge", "Sixth Modification Agreement", "Sixth Allonge", "Seventh Allonge" and "Seventh Modification Agreement"; (iv) in Article II, Section 2.4 of the Loan Agreement, amending and modifying the interest rate options from the then existing interest rate options of (a) Base Rate or (b) two and one-quarter percent (2.25%) over the Eurodollar Rate to the new interest rate options of (1) Base Rate minus one quarter percent (0.25%) or (2) one and one-half percent (1.5%) over the Eurodollar Rate; (v) in Article II, Section 2.11 of the Loan Agreement, deleting the unused commitment fee; (vi) in the Loan Documents, deleting any and all references to the then existing maturity date of "May 31, 1998" and inserting a new maturity date of "May 31, 1999" in their place and stead; (vii) in Article V of the Loan Agreement, providing for a new Section 5.23 with respect to the year 2000; (viii) in the Loan Documents, providing that any and all references to the "Revolving Note" shall be deemed to refer to the Revolving Note as amended and modified up through and including the Seventh Allonge; and (ix) in the Loan Documents, providing that any and all references to the "Loan Agreement" shall be deemed to refer to the Loan Agreement as amended and modified up through and including the Seventh Modification Agreement; and
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First Allonge means that certain First Allonge to Revolving Credit Loan Note dated February 16, 2011, but effective as of December 7, 2010, executed by and among the Borrower and the Lender, pursuant to which the parties thereto amended and modified the terms, conditions, and provisions of the Note.”
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First Allonge means that certain First Allonge to Revolving Line of Credit Loan Note, dated as of December 6, 1996, executed by and between the Borrower and the Lender for the purpose of amending and modifying the Revolving Credit Note to increase the aggregate principal amount thereof from $7,500,000.00 to $10,000,000.00"
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Examples of First Allonge in a sentence

  • The Corporation and the Employee acknowledge that the Employee is indebted to the Corporation in the principal amount of Three Million Dollars ($3,000,000.00), plus accrued interest thereon, pursuant to a Third Amended and Restated Secured Promissory Note (as amended by First Allonge dated as of April 8, 2016 and as further amended, restated or otherwise modified from time to time, the “Promissory Note”).

  • With the intention of further increasing (beyond that provided in the Prior Allonges) the current exercise price of the Subject Warrants to $6.48 per share, the Subject Warrant Agreement is hereby amended by: (A) deleting the "$3.125" both times it appears in the initial paragraph thereof (disregarding for this purpose the "$3.75", "$4.50" and "$5.40" inserted therein pursuant to the First Allonge, Second Allonge and Third Allonge, respectively); and (B) inserting, in lieu thereof, "$6.48".

  • This Note is issued in substitution, replacement and rearrangement, but not in extinguishment or discharge, of the Replacement Revolver Note dated September 8, 1995, as amended by the First Allonge to Replacement Revolver Note dated as of May 31, 1996, in connection with the assumption by Borrower of all of the obligations and business of the Partnership and the assignment by Norwest, First American and Rothschild to First Chicago of a portion of their interests in the Loans.

  • With the intention of further increasing (beyond that provided in the Prior Allonges) the current exercise price of the Subject Warrants to $5.40 per share, the Subject Warrant Agreement is hereby amended by: (A) deleting the "$3.125" both times it appears in the initial paragraph thereof (disregarding for this purpose the "$3.75" and "$4.50" inserted therein pursuant to the First Allonge and Second Allonge, respectively); and (B) inserting, in lieu thereof, "$5.40".

  • Borrower confirms its absolute and unconditional obligation to make all payments and to perform its other obligations pursuant to the Note, the Loan Agreement, and the other Loan Documents, all as amended hereby, including its obligation to repay advances in excess of the stated principal amount of the Note prior to the First Allonge.

  • The Borrower hereby directs the Lender to affix this Tenth Allonge to the Note, whereupon the Note, the Extension Agreement #1, the Extension Agreement #2, the Extension Agreement #3, the Extension Agreement #4, the First Allonge, the Second Allonge, the Third Allonge, the Fourth Allonge, the Fifth Allonge, the Sixth Allonge, the Seventh Allonge, the Eighth Allonge, the Ninth Allonge and this Tenth Allonge will become and constitute a single instrument.

  • All references in the Loan Documents to the Line of Credit Note shall be understood to mean the Line of Credit Note as amended by the First Allonge, Second Allonge, and the Third Allonge, in the maximum principal amount of up to $10,000,000.00.

  • Lender hereby agrees to waive payment by Borrower of a principal reduction in the amount of $50,000 due on or before December 31, 2012 pursuant to the First Allonge.

  • FIRST ALLONGE TO AMENDED AND RESTATED COMMERCIAL PROMISSORY NOTE This FIRST ALLONGE TO AMENDED AND RESTATED COMMERCIAL PROMISSORY NOTE (this "First Allonge") is effective the 15th day of July, 1998, by and among FIRST UNION NATIONAL BANK ("Lender"), and UOL PUBLISHING, INC., COGNITIVE TRAINING ASSOCIATES, INC., IVY SOFTWARE, INC., COOP▇▇ & ▇SSOCIATES, INC., HTR, INC., and UOL LEASING, INC.

  • The Borrowers further renew their covenants and agreements to perform, comply with and be bound by each and every of the other terms and provisions of the Note, as amended by this First Allonge, each and every of the terms and provisions of the other loan documents relating to the Loan (the "Loan Documents"), as amended by the Third Loan Modification Agreement and any other documents executed in connection with the Third Loan Modification Agreement which relate to the Loan.

Related to First Allonge

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Cost Allocation Plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Retail charge agreement means an instrument prescribing the terms of a secured or unsecured retail installment transaction that may be made under the instrument from time to time and under the terms of which a time price differential is to be computed in relation to the buyer's unpaid balance from time to time.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.