First Note definition

First Note has the meaning set forth in Section 2.1(a).

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First Note has the meaning given in the recitals.

First Note means an exchangeable note in the principal amount of US$36 million purchased by PAG at First Completion pursuant to the Securities Purchase Agreement.

Examples of First Note in a sentence

In each case pursuant to the Security Agreement, dated as of the date hereof between the Company, its Subsidiaries and the Holder, the Note will be senior to all obligations of the Company and its Subsidiaries (other than the First Note and the Third Note which shall be pari passu in right of payment with the Note).
In each case pursuant to the Security Agreement, dated as of the date hereof between the Company, its Subsidiaries and the Holder, the Note will be senior to all obligations of the Company and its Subsidiaries (other than the First Note and the Second Note which shall be pari passu in right of payment with the Note).
The Note will have a first lien (pari passu in right of payment with the First Note and if issued the Third Note) on all of the current and future assets (including IP) of the Company and its Subsidiaries.

More Definitions of First Note

First Note means the Secured Convertible Promissory Note made in consideration of a $100,000 loan by Holder to Kips Bay.

First Note means that certain 11 3/4 % Subordinated Convertible Promissory Note dated February 14, 1994 in the amount of $34,000,000 issued by Tath▇▇ ▇▇▇shore to DeepTech, as amended, restated, supplemented or otherwise modified from time to time.

First Note means the Senior Second Lien Secured Convertible Note due 2025, dated February 22, 2021, issued by the Issuer in favor of the First Holder, as amended by the First Omnibus Amendment.

First Note means the Note in the principal amount of the First Note Amount to be issued at the First Note Closing by the Issuer;

First Note and “First Deed of Trust” – means that purchase money note secured by a deed of trust recorded concurrently herewith and which is an encumbrance on the Property in a 1st priority lien position.

First Note means the secured promissory note, in the form attached hereto as Exhibit D, to be issued by Buyer to Seller pursuant to Section 2.2(b).

First Note means the Amended and Restated Senior Secured Convertible Note due February 12, 2027 issued by the Company to the Holder in the original principal amount of $1,536,000.