PPP Note definition

PPP Note means the Unsecured note dated as of May 8, 2020 between SAE Inc. and Texas Champions Bank.

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PPP Note means the Note, dated as of April 14, 2020, issued by VWE to Bank of the West, in the original principal amount of $6,524,977, issued pursuant to the loan program known as the Paycheck Protection Program under the CARES Act;

PPP Note means that certain Paycheck Protection Program Term Note, dated as of April 17, 2020, made by the Company in favor of the PPP Lender in the original principal amount of $3,255,925.00.

Examples of PPP Note in a sentence

Borrower acknowledges and agrees that the terms and conditions of the SBA PPP Loan shall be governed by this Amendment, the SBA PPP Note, the Credit Agreement and the other Loan Documents.
To the extent the PPP Note is not forgiven prior to the Closing Date, the Company shall, in its sole discretion, either (i) obtain consent from or provide notice of the Transactions to Town Center Bank under the PPP Note, to the extent required by the PPP Note, and deliver to Acquiror a copy of such consent or notice, as applicable, or (ii) pay the outstanding balance of the PPP Note and deliver to Acquiror a payoff letter or other evidence reasonably satisfactory to Acquiror evidencing such payoff.
The Company shall use commercially reasonable efforts to obtain forgiveness of the entire PPP Note under applicable Law prior to Closing.
On April 28, 2020, the Company received the PPP Loan and issued the PPP Note to the PPP Loan Lender.
On April 17, 2020, ITsavvy received the PPP Loan and issued the PPP Note to the PPP Lender.
The Company has provided the Buyer with correct and complete copies of ITsavvy’s application for the PPP Loan, the PPP Note, ITsavvy’s application for forgiveness of the PPP Loan and all other material documents submitted, entered into by or binding on ITsavvy in connection with the PPP Loan or the forgiveness thereof (collectively, the “PPP Loan Documents”).

More Definitions of PPP Note

PPP Note means that certain Note, dated as of April 14, 2020 issued by the Company to Bank of West, in the original principal amount of $6,524,977, issued pursuant to the loan program known as the Paycheck Protection Program under the CARES Act.

PPP Note means that certain Note, dated as of April 28, 2020, made by the Company in favor of the PPP Loan Lender in the original principal amount of $6,925,600.

PPP Note means that certain U.S. Small Business Administration Note dated May 6, 2020 between the Company and Town Center Bank.

PPP Note means the Unsecured note dated as of May 8, 2020 between SAE Inc.

PPP Note means that certain U.S. Small Business Administration Note dated May 6, 2020 between the Company and Town Center Bank. “Preferred Stock Conversion” has the meaning specified in Section 8.02(f).