Lease Note definition

Lease Note means that certain revolving promissory note of the Borrower in the face amount of $325,000.00 in the form attached hereto as Exhibit "D-1", together with any and all renewals, extensions for any period, increases and rearrangements thereof
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Lease Note means a note substantially in the form of Exhibit B-4, with such changes prior to the execution thereof that are not material to the Lenders as determined by a majority of the Agents.
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Examples of Lease Note in a sentence

  • Each Synthetic Lease Note and all other obligations owing under the Synthetic Lease shall be due and payable in full on June 30, 1999 (i.e. the Maturity Date).

  • The Landlord will undertake a Schedule of Condition prior to commencement of the New Lease which will be appended to the New Lease Note: the demise is the area within the arch and excludes the structure of the arch which remains the responsibility of Network Rail.

  • Fifty Eight Thousand Five Hundred Ninety One Dollars and Twenty Eight Cents ($158,591.28) of the amount owed under the Equipment Lease Note leaving a current balance of One Hundred Sixty Five Thousand Two Hundred Seventeen Dollars and Five Cents ($165,217.05) as of Effective Date.

  • Payments of accrued interest on the outstanding principal balance of the Lease Note shall continue to be due and payable on the first (1st) day of each and every month and on the Maturity Date.

  • In the event Photomatrix is not listed on the NASDAQ, any payments subsequently due under the Note and the Equipment Lease Note shall, at the discretion of the Company, be all in lawful money of the United States.

  • As of Effective Date and prior to the adjustment set forth in Paragraph 2 of this Agreement, the outstanding balance of principal and accrued interest of the Equipment Lease Note, a copy of which is attached hereto as Exhibit "B" is Three Hundred Twenty Three Thousand Eight Hundred Eight Dollars and Thirty Three Cents ($323,808.33).

  • Commencing October 1, 2003, and each continuing on the first day of each month thereafter, Borrower shall make a principal payment under the Lease Note sufficient to reduce the outstanding principal balance thereof to the Commitment Amount for the date set forth on Exhibit "B".

  • If the Buyer raises Fifteen Million Dollars ($15,000,000) or more in one or a series of private or public debt or equity securities offerings before June 1, 2019, then the Buyer agrees to repay the JB Lease Note in full out of proceeds received by the Buyer from such offering or offerings by June 1, 2019.

  • Notwithstanding anything to the contrary in this Agreement, in the event Buyer or its Affiliates cease to operate in the Business or defaults of the JB Lease Note, and such default is not cured in a reasonable amount of time, the restrictions set forth in this Section 3.5 shall be null and void and the Equity Holders shall be permitted to compete, in any capacity, in the Business and shall be permitted to solicit any customers or employees of the Company or Buyer relating to the Business.

  • Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties made by Borrower herein, Lender agrees to make Advances from time to time under the Lease Note, on or before the Maturity Date, in accordance with the borrowing procedures set forth in paragraph 2.4 hereof; provided, however, that the Lease Loan Balance at any one time outstanding under the Lease Note shall not exceed the Commitment Amount then in effect.

Related to Lease Note

  • PLEASE NOTE The Revisor's Office cannot perform research for or provide legal advice or interpretation of Maine law to the public. If you need legal assistance, please contact a qualified attorney.

  • 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.

  • Mortgage Note The original executed note or other evidence of indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan.

  • Lost Mortgage Note Any Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.

  • o Note The account name to which EFT payments will be paid is to the name submitted on Part II of this form. • Routing Number: Enter the bank or financial institutional nine-digit routing number, including applicable leading zeros.