Single Pay Term Note definition

Single Pay Term Note means any note in the form of Exhibit C attached hereto.
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Single Pay Term Note means any note in the form of Exhibit C attached hereto. 28. "Southwest" shall mean Southwest Bank of St. Louis, St. Louis, Missouri. 29. "Subordinated Debt" shall mean any unsecured debt of Pioneer, payment of which is subordinated to payment of all Senior Debt and which is evidenced by a note generally in the form of Exhibit M attached hereto or other form approved by the Banks or generally in the form of Exhibit M to the Prior Agreement (as hereinafter defined). 30. "Subsidiary" shall mean each of the operating companies which are owned by Pioneer and which are listed on Exhibit D attached hereto and each operating company which Pioneer owns at any time hereafter except Pioneer Military Insurance Company. 31. "Subsidiary Revolving Grid Note" shall mean all notes in the form of Exhibit E attached hereto. 7 <page> 32. "Tangible Net Worth" shall mean (i) the sum of the book value of all common stock, the liquidation value of all preferred stock, the principal amount of all Subordinated Debt of every class, and the amount of all loan loss reserves and all dealer loss reserves, less (ii) the aggregate amount of all notes payable to Subsidiaries of Pioneer except Pioneer Military Insurance Company which are delinquent by recency of payment of ninety (90) calendar days or more. For purposes of this Agreement, a payment on a note payable to a Subsidiary of Pioneer in an amount equal to at least ninety-five percent (95%) of the amount of the payment being made shall constitute full payment of such payment. 33. "Total Indebtedness" shall mean the sum of (i) all Senior Debt and (ii) all Subordinated Debt of every class. 34. "Total Required Capital" shall mean the sum of (i) the book value of all common stock and (ii) the liquidation value of all preferred stock, less (iii) the book value of all treasury stock and (iv) the outstanding principal amount of all notes payable to any Subsidiary of Pioneer except Pioneer Military Insurance Company which are delinquent by recency of payment by two hundred seventy (270) calendar days or more. 35. "UMB" shall mean UMB Bank, N.A., Kansas City, Missouri. 36. "Union" shall mean Union Bank of California, Los Angeles, California. II.
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Examples of Single Pay Term Note in a sentence

  • All Single Pay Term Notes shall bear interest per annum at such rate as may be agreed upon between Pioneer and the Bank extending credit to be evidenced by a Single Pay Term Note.

  • From time to time during the term hereof Pioneer may submit to any of the Banks a request for extensions of credit to be evidenced by a Revolving Grid Note, an Amortizing Note, or a Single Pay Term Note.

  • From time to time during the term hereof, the Borrowers may submit to any of the Banks a request for extensions of credit to be evidenced by a Revolving Grid Note, an Amortizing Note, or a Single Pay Term Note.

  • Facility: Revolving Grid Note: Revolving Grid Note Pricing: Revolving Grid Note Maturity: Amortizing Note(s) Funded: Amortizing Note(s) Unfunded: Amortizing Note(s) Pricing: Single Pay Term Note Amount: Single Pay Term Note Expiry Date: We appreciate this opportunity to provide this statement of present expectations in support of your financial requirements.

  • All Single Pay Term Notes shall bear interest per annum at such rate as may be agreed upon between the Borrowers and the Bank extending credit to be evidenced by a Single Pay Term Note.

  • Each Single Pay Term Note shall bear interest per annum at such rate as may be agreed upon between the Borrowers and the Bank extending credit to be evidenced by such Single Pay Term Note.

  • From time to time during the term hereof, Pioneer may submit to any of the Banks a request for extensions of credit to be evidenced by a Revolving Grid Note, an Amortizing Note, or a Single Pay Term Note.

  • The forms used in connection with the original Lending Agreement for (1) the Secured Amortizing Note (Exhibit A); (2) the Secured Revolving Grid Note (Exhibit I); and (3) the Secured Single Pay Term Note (Exhibit K) are hereby replaced by the new forms for such documents which are attached to this Amendment as Exhibit A, 1, and K, respectively, and incorporated herein by this reference.

Related to Single Pay 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).

  • Incremental Term Note shall have the meaning provided in Section 2.05(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

  • 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.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • Tranche B Term Loan as defined in Section 2.1.

  • Closing Date Term Loan has the meaning specified in Section 2.01(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 B-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

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

  • Tranche A Term Loan as defined in Section 2.1.

  • Incremental Term Loan Note means a promissory note made by the Company in favor of an Incremental Term Lender, evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form of Exhibit B-4.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Exit Facility Term Sheet means the Exit Facility Term Sheet attached as Exhibit 2 to Exhibit B of the Restructuring Support Agreement.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.