Secured Term Note definition

Secured Term Note means that certain Secured Term Note dated as of the Closing ----------------- Date made by the Companies in favor of Laurus in the original face amount of Two Million Five Hundred Thousand Dollars ($2,500,000), as the same may be amended, supplemented, restated and/or otherwise modified from time to time.
Sample 1
Secured Term Note shall refer to either the First Secured Term Note or the Second Secured Term Note.
Sample 1
Secured Term Note. (the "2002 NOTE") dated January 23, 2002 made by the Borrower payable to the Bank in the original principal amount of $700,000.00;
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Examples of Secured Term Note in a sentence

  • If the Holder has delivered a Conversion Acceptance (together with surrender of this Note), effective as of a Conversion Date (as hereinafter defined) and in accordance with the Notice of Conversion, the Company shall make the appropriate reduction to the Principal Amount and accrued and unpaid interest thereon outstanding under this Note as entered in its register and its records, and if conversion is in part, issue a new Secured Term Note in accordance with Section 3.6 hereof.

  • Upon any partial conversion of this Note and surrender of this Note, a new Secured Term Note containing the same date and provisions of this Note shall be issued by the Company to the Holder for the unpaid Principal Amount and accrued and unpaid interest thereon which shall not have been converted or paid.

  • The Holder shall not pay any costs, fees or any other consideration to the Company for the production and issuance of a new Secured Term Note.

  • In connection with the (a) June 2005 SPA, NCEC executed a Secured Convertible Term Note dated as of June 30, 2005 in favor of Laurus in the original principal amount of $15,000,000 (as amended, restated, supplemented or otherwise modified from time to time) and (b) the September 2005 SPA, NCEC executed a Secured Term Note dated as of September 19, 2005 in favor of Laurus in the original principal amount of $9,500,000 (as amended, restated, supplemented or otherwise modified from time to time).

  • IN WITNESS WHEREOF, the Company has caused this Secured Term Note to be signed in its name effective as of November 17, 2010.

  • IN WITNESS WHEREOF, the Company has caused this Amended and Restated Secured Term Note to be signed in its name effective as of December 15, 2011.

  • The limitations set forth herein (x) may be waived by the Holder upon provision of no less than sixty-one (61) days prior notice to the Company and (y) shall automatically become null and void following notice to the Company upon the occurrence and during the continuance of an Event of Default (as defined in the Amended and Restated Secured Term Note dated as of November 17, 2005 and amended and restated as of the date hereof among the Holder and the Company).

  • Services may include but not limited to: individual student college preparation advising; student and/or parent group college preparation/informational workshops/sessions; school, district and/or region wide college preparation/informational events; college exploration campus visits; and/or supplemental summer and/or weekend college preparation programs.

  • The Deed began by stating that the Settlor settled a Secured Term Note (“the promissory note”) on (i) the Settlor herself (who was then residing in Mexico), (ii) Girolamo Cartia (an Italian resident) and (iii) Bankamerica Trust and Banking Corporation (“Bankamerica”, a Bahamas Corporation) as trustees (“the original trustees”).

  • Texaurus paid the $5,225,000 purchase price with proceeds received from its sale of the Secured Term Note with Laurus.


More Definitions of Secured Term Note

Secured Term Note means that certain Secured Term Note date as of August 22, 2008 made by the Company in favor of the Lenders in the aggregate original face amount of $1,500,000, as each may be amended, supplemented, restated and/or otherwise modified from time to time.
Sample 1
Secured Term Note means the Secured Term Note dated as of the date hereof between HCFP Funding, Inc., a Delaware corporation, and the Company.
Sample 1

Related to Secured Term Note

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • 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.

  • Term Note A means a promissory note of the Borrower payable to the order of a requesting Lender in the principal amount of such Lender’s Term Loan A Commitment, in substantially the form of Exhibit E-1.

  • Existing Term Loan Agreement means that certain Term Loan Agreement, dated as of April 9, 2020, by and among the Borrower, the lenders from time to time party thereto and Crédit Agricole Corporate and Investment Bank, as administrative agent for the lenders, as amended, modified, supplemented or replaced from time to time.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Lender, substantially in the form of Exhibit B-2.

  • Medium Term Notes means Securities that are collateralized in an amount equal to their full Outstanding principal amount and have a Stated Maturity in excess of 270 days after the date of original issuance thereof.

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

  • ABL/Term Loan Intercreditor Agreement means the Intercreditor Agreement, dated as of the Closing Date, by and among the Administrative Agent, Barclays Bank PLC, as collateral agent under the Term Loan Credit Agreement, Holdings, Borrower and the other Subsidiary Loan Parties party thereto, as amended, restated, supplemented, replaced, refinanced or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Secured Promissory Note is defined in Section 2.4.

  • Second Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the Second Lien Credit Agreement.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Existing Term Loan Class shall have the meaning provided in Section 2.14(g)(i).

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Subordinated Note Amount has the meaning set forth 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.