Seller Note definition

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

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Seller Note has the meaning set forth in Section 2.03(a).

Seller Note means any promissory note or notes issued by a Loan Party to the seller in respect of any Permitted Acquisition as partial consideration in connection with such Permitted Acquisition.

Examples of Seller Note in a sentence

The Borrower may not assign the Seller Note without the Lender’s prior written consent.
The Seller Note will be binding on Borrower and ▇▇▇▇▇▇▇▇’s successors and assigns.
The Seller Note may be voluntarily prepaid at any time without premium or penalty.
If any portion of the Company’s membership interests (other than the receipt by the Company of primary proceeds from an IPO), or a material portion of the Company’s assets, are issued or sold after Closing for cash, any cash proceeds received by the Blocker in such issuance or sale (net of amounts to satisfy tax and other expenses incurred in connection with the sale) will be applied to repay the Seller Note promptly and without any reinvestment rights.
The Lender may not assign the Seller Note (other than to a controlled affiliate of the Lender) without the Borrower’s prior written consent so long as no Event of Default has occurred and is continuing; provided that the Lender may not assign the Seller Note to any Person that is not a United States resident Person for United States tax reporting purposes without the prior written consent of the Borrower.

More Definitions of Seller Note

Seller Note means the $600,000,000 aggregate face amount subordinated 8% pay-in-kind note due 2018 of TRW Automotive Intermediate Holdings in favor of an affiliate of Northrop Grumman Corporation, as the same may be amended or refinanced from time to time.

Seller Note means that certain promissory note dated as of January 12, 2018 issued by GD Development Corporation, a Delaware corporation, in favor of GEODynamics B.V. in the original principal amount of $25,000,000.

Seller Note means any unsecured promissory note (and any guarantee thereof) issued by one or more Credit Parties (or any Subsidiary of a Credit Party organized for purposes of the corresponding Permitted Acquisition, which as a part of such Permitted Acquisition will contemporaneously be merged with or into a Credit Party or otherwise will become a Credit Party promptly thereafter in accordance with this Agreement) in favor of a seller in connection with a Permitted Acquisition in an aggregate principal amount not to exceed the purchase price in respect of such Permitted Acquisition.

Seller Note means the subordinated Indebtedness in an aggregate principal amount of $600,000,000 issued on the Closing Date by Intermediate Holdings and evidenced by a note in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement.

Seller Note shall have the meaning set forth in Section 1.2(a).

Seller Note means the promissory note to be issued by the Seller Note Issuer at the Closing, substantially in the form attached hereto as Exhibit K.

Seller Note shall have the meaning specified in Section 8.01 of the Receivables Sale Agreement.