Prior Note definition

Prior Note shall have the meaning assigned to that term in Section 35 of this Note.

Prior Note has the meaning specified in the Background section hereof.

Prior Note means the convertible promissory note in the original principal amount of $1,200,000 (designated as Note No. HLBZ-12) issued by the Company to the Holder on August 25, 2023.

Examples of Prior Note in a sentence

• Each of the Holder and the Company hereby consents to the terms of the amendments to the Prior Note contained in this Amendment.

• As used herein, terms that are defined herein shall have the meanings as so defined, and terms not so defined shall have the meanings as set forth in the Prior Note.

• This Amendment is not intended to serve as, and shall not be construed by operation of law or otherwise, as a novation of the Prior Note.

• The Company and Holder, by execution of this Amendment, each hereby represent and warrant to the other, that as of the date hereof, no Event of Default has occurred under the Prior Note and no Event of Default exists or is continuing with respect to the Prior Note.

• Except as expressly amended hereby, the Prior Note (as it may have previously been amended) shall remain in full force and effect in accordance with its terms, and is hereby ratified and confirmed by the parties hereto.

More Definitions of Prior Note

Prior Note has the meaning set forth in Section 1 of this Note.

Prior Note has the meaning given to it in Section 1.1(a).

Prior Note means the Company’s Senior Secured Convertible Promissory Note due January 1, 2019, issued by the Company to each Purchaser hereunder on July 2, 2018.

Prior Note shall have the meaning given in the definition of "Renewal Note".

Prior Note means the “Colorado High Performance Transportation Enterprise Toll Revenue Note (I-70 West Peak Period Shoulder Lanes Project), Series 2014 issued to and held by the Prior Lender, which evidences the Borrower’s obligation to pay the principal of and interest on the Prior Loan.

Prior Note and “2008 Note” each has the meaning set forth in the first paragraph of this Note.

Prior Note or "Prior Guaranty") a new Note or Subsidiary Guaranty of like tenor, except that no reference need be made in the new Note to any installment or installments of principal, if any, previously due and paid upon the Prior Note. Any Note made and delivered in accordance with the provisions of this Section shall be dated as of the date to which interest has been paid on the unpaid principal amount of the Prior Note.