Partnership Notes definition

Partnership Notes means promissory notes issued by the Partnership to the Borrower representing the obligation of the Partnership to repay the intercompany loans from the Borrower.

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Partnership Notes means (i) that certain Intercompany Promissory Note, dated January 5, 2015, by and between Holdings, LP and WSI, as amended by the Amendment to Intercompany Promissory Note, dated December 14, 2017, and (ii) that certain Intercompany Promissory Note, dated April 16, 2018, by and between Holdings LP and WSI, as modified by the Modification of Scrivener’s Error, dated November 6, 2018.

Partnership Notes means, collectively, the First Note and any Additional Notes.

Examples of Partnership Notes in a sentence

• Each Partnership and LLC that has executed LLC Notes or Partnership Notes, as applicable, as of the date hereof is duly formed and validly existing under the laws of the respective State under which it was formed.

• Each of this Agreement, the Initial Partnership Notes and each other Financing Document to which Guarantor is a party constitutes a legal, valid and binding obligation of Guarantor enforceable against Guarantor in accordance with the terms hereof and thereof, except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors' rights generally, and subject to general principles of equity.

• The Borrower shall assign to Agent and grant Agent for the benefit of Lenders a first perfected security interest in all Partnership Notes, Partnership Note Collateral, LLC Notes, and LLC Note Collateral to secure repayment of the Indebtedness and the Obligations pursuant to such documentation as reasonably required by Agent.

• The Borrower shall not have any assets other than the Partnership Notes and its rights under the Transaction Documents to which it is a party and shall not conduct any business other than as necessary to perform its respective obligations under such Transaction Documents to which it is a party.

• All Governmental Approvals ---------------------- which are required to be obtained by, in the name of or on behalf of Guarantor or, to the knowledge of Guarantor, any other party to any Financing Document, in connection with (a) the issuance of the Initial Partnership Notes and (b) the execution, delivery and performance by Guarantor and any other party to any Financing Document of the Financing Documents, have been duly obtained or made, are validly issued and are in full force and effect.

• The Partnership agrees to sell to you and, upon and subject to the terms and conditions hereof, you agree to purchase from the Partnership, Notes in the aggregate principal amount specified opposite your name in Schedule I hereof at a purchase price equal to 100% of such principal amount.

• The revenue protection provided by these policies is designed to substantially cover the Debtor's anticipated debt service payments under the Partnership Notes and the projected necessary operating costs of the Turbines so long as such policies remain in effect.

• The Borrower shall assign to Lender and grant Lender a first perfected security interest in all Partnership Notes, Partnership Note Collateral, LLC Notes, and LLC Note Collateral to secure repayment of the Indebtedness and the Obligations pursuant to such documentation as reasonably required by Lender.

• The Partnership hereby agrees to sell to you and, subject to the terms and conditions herein set forth, you agree to purchase from the Partnership, Notes in the aggregate principal amount equal to the aggregate principal amount of the Converted Loans.

• Unless otherwise agreed by an Agent and the Operating Partnership, Notes shall be purchased by such Agent as principal.

More Definitions of Partnership Notes

Partnership Notes means those 13% Nonrecourse Pension Notes Due December 31, 2001, issued pursuant to the Trust Indenture, not exceeding $42,672,000 in aggregate principal amount.

Partnership Notes means each Class of Notes that does not have the benefit of an opinion to the effect that such Notes will be treated as debt for federal income tax purposes.

Partnership Notes means any promissory notes secured by the Partnership Mortgages, as such notes may be amended from time to time as therein provided.

Partnership Notes means the promissory notes evidencing the Coso ----------------- Partnerships' obligations to repay the loans made by the Issuer to the Coso Partnerships.

Partnership Notes means those certain nonrecourse notes, secured by a portion of the Plant, executed by the Partnership in favor of ▇▇▇ Israel and delivered to ▇▇▇▇▇▇ and any notes wh1c:h may be issued in replacement thereof as well as the nonrecourse note issued in connection with the acquisition of the Plus System, all of which notes are to be prepaid with a portion of the proceeds from the issuance of the Nonrecourse Notes. 1.29 "Plant" or "Project" or "Facility" means the solar thermal electrical generating system which initially consisted of a 203,000 square meter solar collector field and a related 30 megawatt net capacity steam turbine generator located near ▇▇▇▇▇▇ Junction, California, built for the Partnership by ▇▇▇▇▇▇ pursuant to the EPC Agreement, to generate electricity and to qualify as a qualified small power production facility under the Public Utility Regulatory Policies Act of 1978 and the regulations promulgated by the Federal Energy Regulatory commission. From and after December 10, 1987, the Plant also includes the Plus System. 1.30 "Plus System" means the 26,230 square meter solar collector field added to the Plant in December 1987 which expanded the total size of the Plant's solar collector field to approximately 229,000 square meters. 1.31 "Project Documents" shall be defined as defined in Schedule Y to the Note Purchase Agreement. 1.32 "Project Participation Agreement" means that certain Project Participation Agreement dated as of December 19, 1986 by and among the Partnership, LEC, LPM IV, and the initial Class B Partners relative to the purchase by such Class B Partners of their interest in the Partnership. 1.33 "Security Documents" means the Deed of Trust and the Disbursement Agreement as defined in the Note Purchase Agreement. 1.34 "Two-Thirds of the Limited Partners" means, at the time of any vote by the Partners under the terms of this Agreement, any number of Limited Partners who own in the aggregate a number of Units entitled to sixty-six and two thirds percent (66-2/3%) of the profits of the Partnership held by all of the Limited Partners. 1.35 "Unit" means an ownership interest in the Partnership, which is owned by a Limited Partner. Each Unit represents a commitment to make a Capital Contribution of $25,000. There are two kinds of Units, namely Class A Units, and Class B Units. There are 660 Class A Units, and 2448 Class B Units. 1.36 "Withdrawing General Partners" means LEC and LPM IV. 1.37 "Disbursement Agreement" shall be defined as de...

Partnership Notes means the promissory note dated March 23, 1984 issued joint and severally by 568561 and 569314 to SPC in the principal amount of FIFTY FOUR MILLION THREE HUNDRED FORTY SEVEN THOUSAND SEVEN HUNDRED EIGHTY THREE DOLLARS AND EIGHTY THREE CENTS ($54,347,783.83)and the promissory note dated November 30, 1984 issued jointly and severally by 568561 and 569314 to SPC in the principal amount of THIRTY-FIVE MILLION DOLLARS ($35,000,000.00) and the promissory note dated November 30, 1984 issued joint and severally by 568561 and 569314 to SPC in the principal amount of TWELVE MILLION FIVE HUNDRED THOUSAND DOLLARS ($12,500,000), collectively;