LSP Note definition
Examples of LSP Note in a sentence
This Note is the LSP Note referred to in the Assignment and Assumption Agreement and is secured by a security interest in the Collateral granted to Payee pursuant to the Assignment and Assumption Agreement.
Any and all proceeds of any Collateral received by any Secured Party shall be applied to the indebtedness owed by the Assignee to each of the Secured Parties on a pro rata basis (based on the then outstanding amount of unpaid principal and accrued unpaid interest evidenced by the New ▇▇▇▇ Note, the Vicis Note and the LSP Note).