Parent Note definition

Parent Note means that certain Subordinated Intercompany Note dated as of January 15, 2008 in the original principal amount of $105,182,577.91 made by the Borrower in favor of Holdings.

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Parent Note. The promissory note made or to be made by Parent to Borrower in a principal amount not to exceed $5,000,000, in connection with Parent’s capitalization of Borrower.

Parent Note means each promissory note, in the form of Exhibit K, evidencing the intercompany loans, other loans and advances made by Parent in accordance with Section 9.05(xvii).

Examples of Parent Note in a sentence

The Company will furnish to any Holder of a Parent Note upon written request and without charge a copy of the Indenture.
For the avoidance of doubt, the approval of a majority of the Continuing Directors shall not be required to authorize any payments required to be made by the Company, pursuant to, or to otherwise comply with the terms and conditions of, the Parent Note.
Each Holder, by accepting a Parent Note, agrees to be bound by all of the terms and provisions of the Indenture, as the same may be amended from time to time.
The Parent Indemnitees may set-off against the Parent Note any Losses pursuant to Section 9.2 in accordance with the terms thereof.
All payments under this Article VI and under the Parent Note shall be made without setoff or counterclaim and in such amounts as may be necessary in order that all such payments shall not be less than the amounts otherwise specified to be paid under this Agreement and the Parent Note.

More Definitions of Parent Note

Parent Note. As defined in Section 6.2 of the Sale Agreement. PBGC: The Pension Benefit Guaranty Corporation.

Parent Note shall have the meaning ascribed thereto in Section 3.1(b).

Parent Note means the promissory note or notes issued by Parent to the Corporation in an aggregate principal amount of up to $250,000 in the form of Exhibit E.

Parent Note has the meaning specified in the Receivables Purchase Agreement.

Parent Note means a promissory note of Parent substantially in the form attached as Exhibit E hereto.

Parent Note has the meaning set forth in Section 2.07(b)(ii).

Parent Note has the meaning specified in the Recitals hereto.