Sale Note definition

Sale Note means that certain promissory note executed by DCX Holding in favor of Vertrieb in the original principal amount of Three Million Dollars ($3,000,000.00) dated January 3, 2003 delivered in connection with the EME Sale.
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Sale Note means one or more secured promissory notes in substantially the form set forth in Exhibit H to this Agreement payable by the Purchaser Subsidiary to the Borrower in consideration of the sale of particular Transferred Assets, the maturity date of which note shall be no later than the Revolving Credit Termination Date.
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Sale Note has the meaning given in clause 10.2.1.
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Examples of Sale Note in a sentence

  • The Credit Agreement is hereby amended to include the form of Sale Note as an exhibit, in the form attached to this Amendment.

  • If at any time either Borrower receives (i) an EME Sale Payment or (ii) a dividend or distribution resulting from the receipt by Vertrieb of a payment on the EME $1,000,000.00 Sale Note, the full amount of such dividend shall be immediately paid to Agent to be applied, first, to reduce the Overadvance Amount until the Overadvance Amount is reduced to zero, and, second, to repay the Revolving Loans.

  • The Vendor has agreed to sell and transfer, and the Purchaser has agreed to purchase and accept the transfer of, the Sale Note in the principal amount of HK$50,000,000.

  • The Company will comply with the applicable Listing Rules requirements if the Sale Note or other Notes held by the Group are converted.

  • In furtherance of the foregoing, Agent shall receive the original of each and every Standard Heating Stock Sale Note, duly endorsed and accompanied by duly executed instruments of transfer and all other instruments and documents necessary or desirable to evidence the pledge of the Standard Heating Stock Sale Note to the Agent, for its benefit and the benefit of Lenders.

  • The Consideration represents a discount of 20.0% to the principal amount of the Sale Note of HK$50,000,000.

  • Notwithstanding the terms of Section 11.9, the Required Lenders hereby consent to the Company’s receipt of the Subject Sale Note.

  • In the event of a change of control of Wing On prior to the Maturity Date, the holder of the Sale Note may require Wing On to redeem at the redemption amount which is 110% of the principal amount of the Sale Note then outstanding plus interest accrued.

  • The Conversion Shares to be issued upon full conversion of the Sale Note represent (i) approximately 1.62% of the issued share capital of Wing On as at 31 May 2009; and (ii) approximately 1.59% of the issued share capital of Wing On as enlarged by the Conversion Shares to be issued upon such conversion.

  • The Sale Note will be allocated into debt portion and conversion option portion which will be accounted for as non-current assets of the Group.

Related to Sale Note

  • Bridge Note means a promissory note of the Borrower payable to any Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto with appropriate insertions, evidencing the aggregate Indebtedness of the Borrower to such Lender resulting from any Bridge Loans made by such Lender.

  • New Note shall have the meaning assigned to such term in Section 38.

  • B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

  • Restricted Note has the same meaning as “Restricted Security” set forth in Rule 144(a)(3) promulgated under the Securities Act; provided that the Trustee shall be entitled to request and conclusively rely upon an Opinion of Counsel with respect to whether any Note is a Restricted Note.

  • Initial Note A Holder shall have the meaning assigned to such term in the preamble to this Agreement.