Promissory Notes definition
Examples of Promissory Notes in a sentence
In such event, Borrower shall execute and deliver to Bank an original copy of such Promissory Note or Promissory Notes at the address specified by Bank within five (5) Business Days of such request.
Each Debtor hereby authorizes Administrative Agent to attach each Pledge Amendment to this Agreement and agrees that all Promissory Notes, certificates or Instruments listed on any Pledge Amendment delivered to Administrative Agent shall for all purposes hereunder constitute Pledged Debt and such Debtor shall be deemed upon US-DOCS\176526352.9 delivery thereof to have made the representations and warranties set forth in SECTION 7 hereof with respect to such Additional Collateral.
None of the Accounts is evidenced by Promissory Notes or other Instruments except for Promissory Notes and other Instruments evidencing indebtedness of not more than $1,000,000 in the aggregate and Promissory Notes and Instruments that have been pledged to the Administrative Agent.
All such Promissory Notes, certificates and Instruments shall be (A) held by or on behalf of Administrative Agent pursuant hereto and (B) delivered in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment executed in blank, all in form and substance reasonably satisfactory to Administrative Agent, all in form and substance reasonably satisfactory to Administrative Agent.