SCT Note definition

SCT Note means the promissory note of the SCT Subsidiary in a principal amount equal to the elected amount pursuant to the SCT Other Assets Conveyance less the SCT Assumed Liabilities;
Sample 1

Examples of SCT Note in a sentence

  • Subject to the adjustments set forth in this Section 2.3, the consideration to be paid by Purchaser to the Sellers for the Shares and the Purchased Assets is Thirty Nine Million Dollars ($39,000,000) ($29,000,000 of which is payable in cash by wire transfer of immediately available funds and $10,000,000 of which is payable pursuant to the SCT Note) (collectively, the "Purchase Price").

  • At the Closing, each of the following shall be delivered: (a) the Sellers shall deliver to Purchaser the items set forth in Section 6; and (b) Purchaser shall deliver to the Sellers (i) by wire transfer of immediately available funds to an account or accounts designated by SCT and by delivery of the SCT Note, an amount equal to the Purchase Price, as adjusted pursuant to Section 2.3(b) and (ii) the other items set forth in Section 7.

  • NMC agrees that within thirty (30) days from the execution and delivery of this Agreement by all parties hereto, it will deliver to Elysio all documents related to the SCT Technology, the Collateral, and the SCT Note it holds or receives from SCT and Elysio, within thirty (30) days of its receipt of the same, agrees that it will transfer and deliver to NMC the Loan Documents previously executed and delivered by NMC to Elysio.

  • In consideration of NMC's assignment of all of its right, title, and interest to the SCT Technology, the Collateral, and the SCT Note together with other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Elysio hereby accepts the SCT Technology, the Collateral and the SCT Note as payment of Six Hundred Thousand Dollars ($600,000) of the Loaned Funds previously received by NMC from Elysio.

  • Borrowers shall cause to be delivered to Bank a true and complete copy of the SCT Note promptly after the closing of the Sale.

  • SCT hereby consents to the transfer and assignment of the SCT Technology, the Collateral, and the SCT Note from NMC to Elysio and hereby agrees to render all further performance of its obligations as recited in the SCT Note to Elysio and as directed by Elysio.

  • This Promissory Note (this "Note") is the "SCT Note" referred to in that certain Purchase Agreement (the "Purchase Agreement") dated the date hereof, by and among the Maker, the Lender, Systems and Computer Technology Corporation, a Delaware corporation ("SCT"), and various subsidiaries of SCT.

  • EXHIBIT B UNDERSTANDINGS, COLLATERAL, AND SCT NOTE Attached hereto is an executed copy of the Understandings, the Collateral, and the SCT Note between NMC and SCT.

Related to SCT Note

  • Contract Note means a promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit 1.01A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Contract Advances made by such Lender to the Borrower.

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

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Bridge Note means a promissory note of the Borrower in the form attached as Exhibit B hereto evidencing the Bridge Loan of any Lender.

  • Existing Note means a Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • 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.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

  • Company Note has the meaning set forth in Section 3.1 of the Sale Agreement.

  • Note A shall have the meaning assigned to such term in the recitals.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

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

  • Revolver Note means any one of such Revolver Notes.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Lost Mortgage Note Any Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Loan Note means each Loan Note of the Borrower in the form of Exhibit C attached hereto, payable to the order of a Funding Agent for the benefit of the Lenders in such Funding Agent’s Lender Group, in the aggregate face amount of up to such Lender Group’s portion of the Maximum Facility Amount, evidencing the aggregate indebtedness of the Borrower to the Lenders in such Funding Agent’s Lender Group.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • Secured Promissory Note is defined in Section 2.4.

  • Original Note shall have the meaning assigned to such term in the recitals.