LAI Note definition
Examples of LAI Note in a sentence
This Note modifies that certain note dated as of September 28, 1995 (the "Existing LAI Note") made by the Company in favor of the Bank in the principal amount of Fifty Million Dollars ($50,000,000) and is hereby delivered in substitution for the Existing LAI Note, but not in payment, satisfaction or cancellation of the outstanding obligations evidenced by the Existing LAI Note.
This Note is the LAI Note referred to in Section 2.03(b) of the Credit Agreement and evidences LAI Loans made by the Bank thereunder.
Accordingly, a legend substantially to the following effect will be placed on each LAI Note and on each certificate evidencing the LAI Stock: "THE SECURITIES EVIDENCED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES ACT OF ANY STATE.
No certificate for LAI Stock, no LAI Note and no check representing the Cash Consideration or cash in lieu of fractional shares and/or declared but unpaid dividends or distributions shall be issued in a name other than that in which the certificate surrendered for exchange is issued.
By --------------------------- Name: Title: SCHEDULE This LAI Note evidences LAI Loans made under the Credit Agreement to the Company, on the dates, in the principal amounts and bearing interest at the rates set forth below, subject to the payments and prepayments of principal set forth below.