Second Promissory Note definition

Second Promissory Note has the meaning ascribed to such term in the Merger Agreement.

Second Promissory Note means that certain Promissory Note, dated as of the date of Closing, issued by the Buyer in favor of the Sellers in the principal amount of Four Million Dollars ($4,000,000), having a term which matures on the earlier of (i) the date of execution of a definitive *** agreement *** between the Company and ***

Second Promissory Note has the meaning set out in Section 2.3(c);

Examples of Second Promissory Note in a sentence

• The Second Promissory Note bears an annual interest rate of 7.0% with a grace period of one year and a maturity date on November 17, 2019.

• THE INDIVIDUAL(S) LISTED ABOVE AND UNDERSIGNED BORROWER promises to pay to the order of The Industrial Development Authority of the City of Phoenix, Arizona and The Industrial Development Authority of the County of Maricopa, each a political subdivision existing under the laws of the State of Arizona, or their assignee (the “Lender”), that portion of the Second Loan Amount that is due and payable at the times set forth in this Second Promissory Note (the “Second Note”).

• The Second Promissory Note bears an annual interest rate of 7.0% with a grace period of one year and a maturity date of November 17, 2019.

• The closing of the purchase and sale of the Second Debenture and the issuance of the Second Promissory Note shall occur within thirty days of the Second Debenture Date.

• Second Promissory Note was issued to a then substantial shareholder of the Company to finance the acquisition of the entire issued share capital of Youngrich and is interest-free.

More Definitions of Second Promissory Note

Second Promissory Note shall have the meaning assigned to such term ---------------------- in Section 2.02.

Second Promissory Note means the demand unsecured promissory note of the Company issued to an arm’s-length party, in the principal amount of $17,203, bearing an interest at a rate of 12% per annum on the unpaid portion of the principal, calculated and compounded on a monthly basis;

Second Promissory Note means the promissory note in the form attached hereto as Exhibit C in the amount of $2,000,000 minus any Purchase Price Adjustment, which note shall be payable in any combination of cash or Note Stock (at Acquiror's option).

Second Promissory Note has the meaning set forth in Section 2(c) below.

Second Promissory Note means that certain Promissory Note, dated as of the date of Closing, issued by the Buyer in favor of the Sellers in the principal amount of Four Million Dollars ($4,000,000), having a term which matures on the earlier of (i) the date of execution of a definitive *** agreement *** between the Company and *** _________________________ *** CONFIDENTIAL PORTIONS HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERISKS DENOTE OMISSIONS. CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. EXECUTION VERSION *** or (ii) November 30, 2006, and bearing interest at the rate of eight percent (8%) per annum compounded quarterly, in substantially the form attached hereto as Exhibit B-2.

Second Promissory Note shall have the meaning set forth in Section ------- 3.1(b)(i). --------- "Tax(es)" shall have the meaning set forth in Section 4.24(a). ---------------

Second Promissory Note means the promissory note referred to in paragraph 3.1 (1) (c) and in the form attached hereto as Schedule ” C”;