Substitute Note definition

Substitute Note means all notes given in substitution or exchange for the Promissory Note or another Substitute Note.

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Substitute Note means the Substitute Note (as defined in the Stock Purchase Agreement) issued by the Borrower to Occidental Petroleum Corporation in connection with the Acquisition.

Substitute Note has the meaning set forth in Section 2.5(e).

Examples of Substitute Note in a sentence

It is expressly agreed that the execution and delivery of such Substitute Note shall not evidence or represent a refinancing, repayment, accord and satisfaction or novation of the indebtedness evidenced by the Prior Note.
The execution and delivery by the Borrower of the Substitute Note pursuant to the provisions hereof shall not constitute a refinancing, repayment, accord and satisfaction or novation of the Prior Note or the indebtedness evidenced thereby.
As soon as practicable following its receipt of the Substitute Note, the Bank will return the Prior Note to the Borrower for cancellation.
Prepay or obligate itself to prepay, in whole or in part, Indebtedness under any Senior Note Indenture, the Fleet LC Agreement or the Chase Platinum Substitute Note or permit any of its Subsidiaries so to do.
It is expressly agreed that the execution and delivery of such Third Substitute Note shall not evidence or represent a refinancing, repayment, accord or satisfaction or novation of the indebtedness evidenced by the Revolving Credit Note.

More Definitions of Substitute Note

Substitute Note means one or more notes payable to the order of the Seller, substantially in the form of Exhibit 9.83 hereto, which provides for interest at a rate equal ------------ to 0.3% plus the rate of interest (the "fixed rate equivalent") applicable to a promissory note with a fixed rate of interest that has the same present value as a promissory note that bears interest at the LIBO Rate applicable for each interest period, assuming that both notes have the same original principal amount as such Substitute Note and pay interest and principal at the same times as such Substitute Note, which fixed rate equivalent shall be determined on the fifth Business Day prior to the Closing Date by reference to the implied forward LIBO Rates derived from the eurodollar futures market, which implied forward LIBO Rates are published by an independent source agreed to by the Buyer and the Seller, in accordance with a methodology previously agreed to by the Buyer and the Seller.

Substitute Note is defined in Section 2.24.

Substitute Note has the meaning set forth in Section 11.4.

Substitute Note shall have the meaning specified in Section 3.01.

Substitute Note is defined in Section 103.

Substitute Note means all notes given in substitution or exchange for the Tranche A Promissory Note, the Tranche B Promissory Note or another Substitute Note.

Substitute Note means all notes given in substitution or exchange for the Promissory Note-One, Promissory Note-Two, Promissory Note-Three, Promissory Note- Four or another Substitute Note.