Maker definition

Maker means a person who signs or is identified in a note as a person undertaking to pay.

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Maker s capacity' shall mean the capacity attributed to the vehicle by the manufacturer as a maximum gross rating less the vehicle's tare, except in cases where on any day the maximum weight of any load exceeds such capacity by one third or more thereof, in which cases such maximum load shall, for the purposes of assessing the wages to be paid for that day, be deemed to be the maker's capacity.

Maker shall include their respective successors, assigns, heirs, executors and administrators.

Examples of Maker in a sentence

• If an Event of Default under Section 9.01(a) has occurred and the Administrative Agent has notified the Borrower that it intends to exercise remedies pursuant to Section 9.02 or an Event of Default has occurred under Section 9.01(f), then, in either case, no Maker may make, and no Holder may take, demand, receive or accept, any payment with respect to Intercompany Indebtedness.

• The principal balance of this Note shall be payable by the Maker on the earlier of: (i) 31st December 2025February 28, 2026 or (ii) the date on which Maker consummates an initial public offering of its securities (the “IPO”), unless accelerated upon the occurrence of an Event of Default (as defined below).

• No Holder shall be entitled to demand payment of or accelerate any Intercompany Indebtedness or to exercise any remedies or take any actions against any Maker to enforce any of such Holder’s rights with respect to Intercompany Indebtedness.

• Upon a default by Maker hereunder, the then-outstanding Principal Balance shall thereafter bear interest thereon at eighteen percent (18%) per annum (the “Default Rate”) until the past due amount, including interest at the Default Rate, shall have been paid in full.

• Maker has executed this Note as of the date first above set forth.

More Definitions of Maker

Maker has the meaning set forth in the introductory paragraph.

Maker has the meaning contained on page 1 of this Note.

Maker means and include all makers, co-makers and other parties signing on the face of this Note and their successors and assigns, and the use of the plural number shall include the singular, and vice versa.

Maker shall have the meaning set forth in the Preamble.

Maker shall include their respective successors, assigns, heirs, executors and administrators. If Maker consists of more than one person or party, the obligations and liabilities of each such person or party shall be joint and several.

Maker means a person who signs or is identified in a note as

Maker means a person who issues a check in order to enter into a delayed deposit transaction.