SC Note definition

SC Note means that certain Amended and Restated Promissory Note dated December ____, 1996 made by SC to the order of EEC in the principal amount of $__________, representing the remaining portion of the indebtedness originally incurred by certain subsidiaries of EEC in connection with the acquisition of certain assets from SYN pursuant to the Additional Acquisition Documents, and which indebtedness was assumed by SC as a part of the Related Transactions.
View Source
SC Note means that certain Secured Promissory Note, dated the Closing ------- Date, from MHP and SC to the Lender in the principal amount of $43,500,000.
View Source
SC Note. See Section 12. 1 (b).
View Source

Examples of SC Note in a sentence

  • Program Lender hereby transfers and delivers to Purchaser Trust each Bank of America SC Note evidencing such Seasoned Loan and all Origination Records relating thereto, in accordance with the terms of the Agreement.

  • On the Purchase Date, Program Lender shall deliver to the Servicer, as agent for the Purchaser Trust and/or to the trustee of the Trust Indenture, each Bank of America SC Note originated by Program Lender included in the Pool and the related Origination Records.

  • None of the foregoing shall --------------------- constitute an Event of Default if after the occurrence thereof and after the expiration or waiver of the rights, if any, of ground lessor under the Ground Lease to purchase the SC Note and SC Mortgage, SC tenders a cure for such Event of Default or a plan to cure such Event of Default and the Lender accepts such tender, such acceptance to contain such conditions as the Lender, in the exercise of its sole discretion, may require.

  • Such assumed promissory note shall be in the same form (including with respect to term and interest rate) as the SC Note but shall provide for a mandatory prepayment thereof on the Optional Prepayment Date, including through the application by the Servicer of U.S. Obligations pursuant to the provisions of subsection (g) of this Section 2.3. The Lender shall deliver such U.S. Obligations to the Servicer for application pursuant to Sections 4.3(B) and 7.9.3(A) of the Cash Management Conditions.

  • On each Debt Service Payment Date thereafter through and including October 11, 1997, SC shall pay to the Lender interest on the SC Note at the Base Rate then due and payable for each Debt Service Period.

  • In addition, on the Optional Prepayment Date and each Debt Service Payment Date thereafter, the SC Note may be prepaid, at the option of SC, in full or in part, without penalty or premium.

  • NACC shall retain its obligation to designate a Successor Entity notwithstanding the transfer of the SC Note unless such obligation is specifically assumed by the transferee.

  • Notwithstanding anything to the contrary set forth herein, Selfcare shall repay to LifeScan any amount outstanding under this paragraph and theretofore unpaid upon the earliest of (i) three years after the date of repayment of the Product Expansion Loans, or (ii) the date of termination of this Distribution Agreement for any reason, or (iii) an Event of Default shall have occurred under the SC Note.

  • Such amount shall be applied (i) first, to the payment of the Base Rate Interest on the SC Note, then due and payable for the applicable Debt Service Period, and (ii) next, to the Principal Payment of the SC Note, in the amount of the difference between the Monthly Debt Service Payment and the Base Rate Interest paid pursuant to sub-clause (i) above.

  • NACC shall retain its obligation to designate a Successor Entity notwithstanding the transfer of the MHP Notes and the SC Note unless such obligation is specifically assumed by the transferee.

Related to SC Note

  • RMB Note means a Note denominated in Renminbi.

  • Class C Note means any one of the Series 2023-3 7.05% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C-1, Exhibit C-2 or Exhibit C-3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

  • 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.

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

  • o Note The account name to which EFT payments will be paid is to the name submitted on Part II of this form. • Routing Number: Enter the bank or financial institutional nine-digit routing number, including applicable leading zeros.