Term Note definition
Examples of Term Note in a sentence
No additional Term Note shall be required to evidence any portion of the Term Loan made by an SPV and the related Designating Lender shall be deemed to hold its Term Note, if any, as agent for such SPV to the extent of the portion of the Term Loan funded by such SPV.
If a transfer of any interest in a Definitive Term Note is to be made to a Rule 144A Global Note without registration under the Securities Act, then the new Holder is deemed to represent to the Issuer and the Indenture Trustee that it is a Qualified Institutional Buyer and is acquiring a Rule 144A Global Note (or interest therein) for its own account (and not for the account of others) or as a fiduciary or agent for others (which others are Qualified Institutional Buyers).
Notes of any Series issued pursuant to this Base Indenture will be divided into classes and type of note (i.e., Variable Funding Note, Liquidity Funding Note or Term Note) as provided in this Base Indenture and a Series Supplement.
The amount to be prepaid will be allocated to each Term Note of the applicable Class of such Series of Notes pro rata based on the initial Note Principal Balance of such Term Note of such Class of such Series (without consideration of Class).
Notwithstanding any of the foregoing to the contrary, if a Definitive Term Note is transferred to a Holder who changes its form of interest therein to the form of a Global Note, such Holder shall not be obligated to provide any additional documentation.