Definition of Term Loan 2 Note

Term Loan 2 Note means the promissory note from Borrowers to Bank in the principal amount of the Term Loan 2 Commitment, together with all extensions, renewals, modifications, substitutions and amendments thereof.
Sample 1

Examples of Term Loan 2 Note in a sentence

Upon execution of the Term Loan 2 Note, Borrower shall notify Bank of its selected interest rate option.
Borrower shall pay interest on the principal amount of the Term Loan 2 Note at either the Revolving Loan Interest Rate or the Term Loan 1 Interest Rate.
Term Loan 2 shall be evidenced by a promissory note (the "Term Loan 2 Note") payable to the order of Bank in the original principal amount of up to $10,000,000.
The Revolving Note, Term Loan 1 Note, Term Loan 2 Note and Term Loan 3 Note, together with any amendments thereto or refinancings thereof are hereinafter collectively referred to as the "Notes".
In such event, the modified interest rate for the Term Loan 2 Note will take effect from and after the applicable implementation date and shall be applied to the principal amounts outstanding on the Term Loan 2 Note.