Notes Balance definition
Examples of Notes Balance in a sentence
The Senior Notes, together with the Secured Party’s certificate of authentication, shall be issued on the Closing Date in substantially the form set forth in Exhibit B-1 hereto with an aggregate initial principal amount equal to the Initial Senior Notes Balance and the Subordinated Note shall be issued on the Closing Date in substantially the form set forth in Exhibit B-2 hereto.
The total Promissory Notes Balance of $53,805.03 as set forth in Section 8.A below plus an additional $45,543.54 in United States and North Carolina withholding taxes on the Promissory Notes Balance shall be deducted from the Severance Payment to get the resulting balance of severance due to EMPLOYEE of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) (the "Resulting Severance Payment").
For the avoidance of doubt, except as expressly provided in the immediately preceding sentence and otherwise in this Indenture, the amount of principal payable on the Original Class A Notes on any Payment Date shall not exceed the amount needed to reduce the Outstanding Principal Balance of the Original Class A Notes to the Scheduled Remaining Notes Balance specified in the Class A Principal Payment Schedule for such Payment Date.
The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes shall have initial principal amounts equal to the Initial Class A-1 Note Balance, Initial Class A-2 Notes Balance, Initial Class A-3 Notes Balance and Initial Class A-4 Note Balance, respectively.
If Buyer does not deliver the Initial Statement to the Sellers within 75 days following the Closing Date, then, at the election of the Sellers, either (i) the Sellers, may prepare and present the Initial Statement within an additional 75 days thereafter or (ii) the Estimated Working Capital shall be deemed to be the Final Working Capital and the Estimated Notes Balance shall be deemed to be the Final Notes Balance in accordance with the last sentence of Section 2.4(f).
If no Notice of Purchase Price Adjustment Disagreement is received by Buyer on or prior to the expiration date of the Purchase Price Adjustment Review Period, then the Initial Statement, the Initial Working Capital and the Initial Notes Balance set forth in the Initial Statement shall be deemed to have been accepted by the Sellers and U.S. General Partner and shall become final and binding upon the Sellers, Buyer and U.S. General Partner in accordance with the last sentence of Section 2.4(f).
If any part of the Outstanding Principal Balance of the Original Class A Notes is prepaid pursuant to an Optional Redemption under Section 3.1(a), the amount of such prepayment shall be allocated to reduce each Scheduled Remaining Notes Balance on the Class A Principal Payment Schedule pro rata in accordance with the proportion of the amount of such prepayment to the Outstanding Principal Balance of the Original Class A Notes.
To the extent that the RBC Credit Agreement and/or the Notes are repaid by the Companies with funds received from Buyer at or prior to the Closing pursuant to this Section 7.7(b), the Final Working Capital and the Final Notes Balance shall be calculated as if such funds had been received and the repayment made immediately after the Closing Date.
If Buyer does not deliver the Initial Statement to Seller within 75 days following the Closing Date, then, at the election of Seller, either (A) Seller may prepare and present the Initial Statement within an additional 75 days thereafter or (B) the Estimated Working Capital shall be deemed to be the Final Working Capital and the Estimated Notes Balance shall be deemed to be the Final Notes Balance, in each case, in accordance with the last sentence of Section 2.4(f).