This Promissory Note definition

This Promissory Note. Note") is given in renewal and substitution for the Promissory Note of Virbac, Inc. to the Bank dated January 1, 1998 in the principal amount of $4,000,000, and is subject to the terms of the Credit Agreement. Capitalized terms used herein but not defined herein shall have the meanings specified by the Credit Agreement. Pursuant to the Credit Agreement, the Borrower's obligations under this Note may be accelerated upon the occurrence of an Event of Default. The Bank shall record in its records all Revolving Advances and all payments of principal and interest thereon. Any failure of the Bank to make such recordings, however, shall not affect the Borrower's repayment obligations under this Note. The Bank's records shall be presumptive evidence of the principal and interest owed by the Borrower. It is contemplated that because of prepayments there may be times when no indebtedness is owed under this Note. Notwithstanding such prepayments, this Note shall remain valid and shall be in force as to Revolving Advances made pursuant to the Credit Agreement after such prepayments. It is the intention of the Bank and the Borrower to conform strictly to any applicable usury laws. Accordingly, the terms of the Credit Agreement relating to the prevention of usury will be strictly followed. This Note shall be governed by, and construed and enforced in accordance with, the laws of New York. VIRBAC AH, INC. By: Name: Title: DL: 1035306v4 2 EXHIBIT C FORM OF TERM NOTE PROMISSORY NOTE $5,000,000 Xxxxx 0, 0000 Xxxxxx AH, Inc., a Delaware corporation ("Borrower"), for value received, hereby promises to pay to the order of Societe Generale, New York Branch ("Bank"), the principal sum of Five Million Dollars ($5,000,000) or, if less, the aggregate outstanding principal amount of Term Advances made pursuant to the Credit Agreement dated as of July 6, 1994 between the Borrower and the Bank (as modified from time to time, the "Credit Agreement"), and interest thereon as required by the Credit Agreement.
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This Promissory Note. Note") is given in renewal and substitution of that certain Promissory Note dated January 1, 1998 in the original amount of $5,000,000 from Virbac, Inc. to the Bank and is subject to the terms of the Credit Agreement. Capitalized terms used herein but not defined shall have the meanings specified by the Credit Agreement. Pursuant to the Credit Agreement, the Borrower's obligations under this Note may be accelerated upon the occurrence of an Event of Default. The Bank shall record in its records all payments of principal and interest thereon. Any failure of the Bank to make such recordings, however, shall not affect the Borrower's repayment obligations under this Note. The Bank's records shall be presumptive evidence of the principal and interest owed by the Borrower. It is the intention of the Bank and the Borrower to conform strictly to any applicable usury laws. Accordingly, the terms of the Credit Agreement relating to the prevention of usury will be strictly followed. This Note shall be governed by, and construed and enforced in accordance with, the laws of New York. VIRBAC AH, INC. By: Name: Title: EXHIBIT D CERTIFICATE OF SECRETARY The undersigned Secretary of VIRBAC AH, INC., a Delaware corporation ("Company"), does hereby certify to SOCIETE GENERALE, NEW YORK BRANCH (the "Bank") in connection with the Fourth Amendment Agreement dated as of March 5, 1999 ("Agreement") amending the Credit Agreement dated as of July 6, 1994, as amended, between the Company and the Bank, as follows:
Sample 1
This Promissory Note. A is secured by a Security Agreement between Payor and Lender, dated September ____, 2000. In the case of the happening of any of the following events (each called an "Event of Default"):
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Examples of This Promissory Note in a sentence

  • This Promissory Note is one of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement.

  • This Promissory Note shall be governed by, and construed in accordance with, the laws of the State of New York.

  • This Promissory Note is one of the Revolving Credit Notes referred to in, and is entitled to the benefits of, the Credit Agreement.

  • This Promissory Note shall be governed by and construed and enforced in accordance with, the laws of the State of California, excluding any conflicts of law rules or principles that would cause the application of the laws of any other jurisdiction.

  • This Promissory Note is one of the Competitive Bid Notes referred to in, and is entitled to the benefits of, the Credit Agreement.

  • This Promissory Note has been negotiated and delivered to Lender and is payable in the State of California.

  • This Promissory Note is secured by a Pledge Agreement between the Borrower and the Lender of even date herewith and is entitled to the benefits thereof.

  • This Promissory Note shall bear interest at the rate per annum set forth or established under the Loan Agreement, such interest to be payable in accordance with Schedule I.

  • This Promissory Note may only be modified by an agreement in writing executed by the Borrower and Lender.

  • This Promissory Note may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.


More Definitions of This Promissory Note

This Promissory Note is given in consideration of a loan by Payee to Maker in the principal amount of this Promissory Note. This Promissory Note may not be changed orally, but only by an agreement in writing signed by the parties against whom enforcement of any waiver, change, modification, or discharge is sought.
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Related to This Promissory Note

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Secured Promissory Note is defined in Section 2.4.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Secured Promissory Note Record is a record maintained by each Lender with respect to the outstanding Obligations owed by Borrower to Lender and credits made thereto.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Loan and Security Agreement “thereunder”, “thereof” or similar words referring to the Loan Agreement shall mean and be a reference to this Agreement and (b) each reference in the Financing Agreements to a “Note” or “Revolving Credit Note” shall mean and be a Revolving Credit Note as defined in this Agreement.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Bridge Note has the meaning assigned to that term in Section 2.2(a)(1).

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Loan Agreements means any other loan agreements entered into by and between the Trust and one or more of the Borrowers pursuant to which the Trust will make Loans to such Borrowers from moneys on deposit in the Project Fund, excluding the Project Loan Account, financed with the proceeds of the Trust Bonds.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Construction Loan Agreement means the Construction Loan Agreement between Lender and Borrower for construction on the Land.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • Accommodation Agreement means the agreement between the Student, the School, the Parents, which governs the Student’s accommodation arrangements. Act means the Education Act 1989. Agreement means this Agreement including any schedules. Application Form means the standard enrolment form which forms the cover page of this Agreement. Code means the Education (Pastoral Care of International Students) Code of Practice 2016.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.