Holding Note definition

Holding Note means the promissory note, dated as of the date hereof, by Holding, as maker, in favor of International, as payee, in the original principal amount of the US Dollar Equivalent of $4,500,000 and the Sterling Equivalent of £10,000,000, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.
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Holding Note shall have the meaning set forth in Section ------- 2.2(a)(ii)(B). ------------
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Examples of Holding Note in a sentence

  • The security interest granted herein and the security interested granted to PVI Holding pursuant to the PVI Holding Note Purchase Agreement, and the exercise of the rights and remedies set forth in Section 6 hereof and thereof, are and shall be at all times subject to the terms of the Intercreditor Agreement.

  • The Seller owns all such securities of, or other interest in, each Subsidiary (or, as applicable, the securities of, or other interest in, any indirect Subsidiary are owned) free and clear of any lien, encumbrance or similar right, except for the security interest held by PVI Holding pursuant to the PVI Holding Note Purchase Agreement.

  • Nothing expressed or mentioned in this Fourth Amendment is intended or shall be construed to give any Person, other than the parties hereto, each subsequent holder of a Holding Note and their respective successors and assigns, any legal or equitable right, remedy or claim under or in respect of this Fourth Amendment or any provisions herein contained.

  • This Fifth Amendment and all conditions and provisions hereof are intended to be for the sole and exclusive benefit of the parties hereto, any subsequent holder of a Holding Note and each of their respective successors and assigns, and for the benefit of no other Person.

  • FSEP IV hereby agrees to transfer to Gibeck $52,000 principal amount of the ▇▇ ▇▇▇▇▇▇ Note in exchange for, and in consideration of the receipt of, (i) a like principal amount of the Gibeck Holding Note and (ii) an Interest Note issued by Gibeck to FSEP IV.

  • This Fifth Amendment shall inure to the benefit of and be binding upon the parties hereto, each subsequent holder of a Holding Note and each of their respective successors and assigns.

  • This Fourth Amendment and all conditions and provisions hereof are intended to be for the sole and exclusive benefit of the parties hereto, any subsequent holder of a Holding Note and each of their respective successors and assigns, and for the benefit of no other Person.

  • The amount of the Unifrax Holding Note will be reduced in accordance with its terms.

  • Gibeck hereby agrees to transfer to FSEP IV (i) $52,000 principal amount of the Gibeck Holding Note and (ii) an Interest Note issued by Gibeck to FSEP IV in exchange for, and in consideration of the receipt of, $52,000 principal amount of the ▇▇ ▇▇▇▇▇▇ Note (the "Gibeck ▇▇▇▇▇▇ Note").

  • In accordance with such Pledge Agreement, each of the Trust and Gibeck hereby agree to enter into and execute a supplement to the Pledge Agreement and, pursuant thereto, pledge the Gibeck Holding Note, the Trust Holding Notes, the Gibeck ▇▇▇▇▇▇ Note and the Trust ▇▇▇▇▇▇ Note to the Agent.

Related to Holding Note

  • Controlling Note means Note A-1.

  • Existing Note means a Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Subordinated Note has the meaning set forth in the Purchase and Sale Agreement.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.