Secured Revolving Note definition

Secured Revolving Note means that certain Secured Revolving Note dated as of the Closing Date made by the Companies in favor of Lender in the original face amount of $6,000,000, as the same may be amended, supplemented, restated and/or otherwise modified from time to time.

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Secured Revolving Note means that certain Secured Revolving Note dated as of the Closing Date made by the Companies in favor of Calliope in the original face amount of Two Million Dollars ($2,000,000), as the same may be amended, supplemented, restated and/or otherwise modified from time to time.

Secured Revolving Note means the Secured Revolving Promissory Note executed contemporaneously herewith and any renewal, extension, modification or amendment thereto or substitution therefor.

Examples of Secured Revolving Note in a sentence

Company shall execute and deliver to Laurus on the Closing Date a Minimum Borrowing Note and a Secured Revolving Note evidencing the Loans funded on the Closing Date.
The Companies hereby each acknowledge and agree that each Lender’s obligation to purchase a Secured Revolving Note from the Companies on the Closing Date shall be contingent upon the satisfaction (or waiver by the Agent) of the items and matters set forth in the closing checklist provided by the Agent to the Companies on or prior to the Closing Date.
This Amendment is being entered into in reference to the following facts: The Borrower and the Bank entered into an Amended and Restated Secured Revolving Note, dated as of July 3, 1999 (as modified, amended, and supplemented to the date hereof, the “Note”).
The Secured Advances made by the Lender shall be evidenced by the Secured Revolving Note.
The Companies hereby each acknowledge and agree that Laurus' obligation to purchase the Secured Revolving Note and the Secured Term Note from the Companies on the Closing Date shall be contingent upon the satisfaction (or waiver by Laurus in its sole discretion) of the items and matters set forth in the closing checklist provided by Laurus to the Companies on or prior to the Closing Date.
The Amended and Restated Secured Revolving Note shall include the following changes: The “Fixed Conversion Price” shall be $1.00.
Upon satisfaction of each and every one of the conditions precedent described in Section 5 hereinabove, Bank shall ▇▇▇▇ that certain Secured Revolving Note, dated as of July 3, 1997, in the amount of Ten Million Dollars ($10,000,000), executed by Borrower to the order of Bank, "Cancelled and Replaced", and deliver such note to Borrower, and Bank shall ▇▇▇▇ that certain Warrant, dated as of July 3, 1997, executed by Borrower in favor of Bank, "Cancelled and Replaced", and deliver such warrant to Borrower.
This Agreement is also not a relinquishment of any rights or remedies Bank may have in connection with the Restated Secured Revolving Note, the Loan Agreement or any other Loan Document.
On or about October 24, 2018, KDJOH, LLC and GR Holdings OH-ND, LLC voluntarily and upon its own initiative entered into a series of agreements, including but not limited to, the following: a Membership Interest Purchase Agreement; a Secured Revolving Note; and an Option Agreement.
The Company shall issue the Purchaser an Amended and Restated Secured Revolving Note that is attached and incorporated herein as Exhibit B in substitution and not in satisfaction of the Revolving Note.

More Definitions of Secured Revolving Note

Secured Revolving Note. (this "Note") evidences certain advances and extensions of credit made prior to the date hereof and, subject to the terms and conditions of this Note, and subject to the availability of cash for such purposes and the restrictions set forth in any agreement between Lender and its lenders, to be made after the date hereof by Lender, in Lender's sole discret▇▇▇, in fav▇▇ ▇▇ Borrower (the "Loans"). The aggregate principal amount of the Loans shall not exceed the Principal Amount. The Loans shall be evidenced by this Note and this Note shall supersede and replace the promissory notes of Borrower in favor of Lender dated June 13, 2002, June ▇▇, ▇▇02, July 25, 2002, August 9, 2002, September 30, 2002, October 4, 2002, October 31, 2002 and October 31, 2002. Borrower acknowledges that all Loans advanced prior to the date hereof are accurately recorded on the schedule attached hereto (the "Loan Schedule") and authorizes the Lender to record on the Loan Schedule the date and amount of each additional advance hereunder and the date and amount of each repayment of principal, provided, however, that any failure by Lender to record any such information shall not relieve Borrower of its obligation to repay the outstanding principal amount of such advances, accrued interest thereon, and any other amount payable with respect thereto in accordance with the terms of this Note.

Secured Revolving Note appearing in Annex A to the Security Agreement is hereby amended by deleting the amount "US$3,500,000" appearing therein and inserting the amount "US$3,650,000" in lieu thereof. AMENDMENT TO OVERADVANCE SIDE LETTER

Secured Revolving Note means the Secured Revolving Note made payable to the order of the Lender, in substantially the form of EXHIBIT A-1 hereto, as amended from time to time.

Secured Revolving Note. (this "Note") shall bear interest at a per ---- annum rate equal to eleven (11%) per cent per annum (the "Lending Rate"). All ------------ computations of interest shall be calculated on the basis of a year of three hundred sixty (360) days for the actual days elapsed. Interest shall accrue from the date of this Note to the date of repayment of this Note in accordance with the provisions hereof. Maker shall pay all accrued but unpaid interest on the Revolving Loans, in arrears, on the first Business Day of each and every month. As used herein, "Business Day" means any day other than a Saturday, a Sunday, or ------------ a day on which commercial banks in the City of New York, New York are authorized or required by law or executive order or decree to close.

Secured Revolving Note means the Secured Revolving Note issued by the Company in favour of Laurus in connection with the transactions contemplated hereby, as the same may be amended, supplemented, restated and/or otherwise modified from time to time.

Secured Revolving Note means that certain Secured Revolving Note issued pursuant to the Security Agreement by the Borrower to the Senior Lender made as of June 23, 2005, in the principal amount $1,500,000, together with all amendments, extensions, modifications, substitutions or renewals thereof.