Secured Purchaser Note definition

Secured Purchaser Note means the note in the principal amount of $750,000, to be issued by the Purchaser to the Company, in the form of Exhibit E hereto.
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Examples of Secured Purchaser Note in a sentence

  • The Holder, any assignee, and the Company by acceptance of this Debenture, acknowledge and agree that, by reason of the provisions of this paragraph, the unpaid and unconverted principal amount of this Debenture or the principal balance of the Secured Purchaser Note may be less than the amount stated on the face hereof.

  • The Company shall pay interest to the Holder on the aggregate unconverted and then outstanding principal amount of this Debenture at the rate of 12% per annum, of which 12 months shall be guaranteed and payable as set forth in the Secured Purchaser Note.

  • In consideration thereof, the Purchaser shall (i) pay $150,000 as the initial cash purchase price (the “Initial Cash Purchase Price”), and (ii) issue to the Company the Secured Purchaser Note in the principal amount of $750,000 (the initial principal amount of the Secured Purchaser Note together with the Initial Cash Purchase Price, the “Purchase Price”).

  • In consideration thereof, each Purchaser shall (i) pay the amount designated as the initial cash purchase price on such Purchaser’s signature page to this Agreement (the “Initial Cash Purchase Price”), and (ii) issue to Company such Purchaser’s Secured Purchaser Note (the initial principal amount of the Secured Purchaser Note together with the Initial Cash Purchase Price, as set forth on the signature pages hereto as to each Purchaser, the “Purchase Price”).

  • The Secured Purchaser Note shall be secured by the Membership Interest Pledge Agreement substantially in the form attached hereto as Exhibit D, as the same may be amended from time to time (the “Pledge Agreement”).

Related to Secured Purchaser Note

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Issuer Secured Parties means the Trustee in respect of the Trustee Issuer Secured Obligations.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Receivables Purchase Documents means those documents entered into in connection with any series of receivables purchase or sale agreements generally consistent with terms contained in comparable structured finance transactions pursuant to which the Borrower or any of its Subsidiaries, in their respective capacities as sellers or transferors of any receivables, sell or transfer to SPCs all of their respective rights, title and interest in and to certain receivables for further sale or transfer to other purchasers of or investors in such assets (and the other documents, instruments and agreements executed in connection therewith), as any such agreements may be amended, restated, supplemented or otherwise modified from time to time, or any replacement or substitution therefor.

  • Revolver Note means any one of such Revolver Notes.

  • Subordinated Note has the meaning set forth in the Purchase and Sale Agreement.

  • Required Purchasers means the Purchasers holding a majority of the Registrable Securities.

  • Lead Securitization Note means the Note included in the Lead Securitization.

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

  • Receivables Purchase Agreement means the receivables purchase agreement, dated as of the Closing Date, between AHFC and the Seller, as amended or supplemented from time to time.

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Transaction Security means the Security provided for the Secured Obligations pursuant to the Security Documents.

  • Deposit Secured Loan means a loan in which the only collateral securing the loan is Assumed Deposits or deposits at other insured depository institutions

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