Trade Note definition

Trade Note means that certain Senior Subordinated Note dated October 24, 2006 in the face amount of $1,819,373.11 executed by iParty Retail Stores Corp. in favor of Amscan, Inc.
View Source
Trade Note means that certain Subordinated Promissory Note in the face amount of the Extended Trade Payables to be executed by iParty Retail on or before October 31, 2006 and made payable to Amscan, Inc., in form and substance attached to the Supply Agreement as Exhibit “1”.
View Source
Trade Note means a promissory note, dated as of the Effective Date, by the Company in favor of a Vendor in an amount equal to thirty three percent (33%) of its Vendor Claim.
View Source

Examples of Trade Note in a sentence

  • No. 3300032362 --------------- CD Held for Collateral Trade Note Finance Dept.

  • Subject to Section 3(d) below, each Trade Note shall bear interest at the rate of 10% per annum, from and after May 1, 1999 until the Principal Payment Date (as defined below), and, from and after an Event of Default hereunder, shall bear interest at the rate of 14% per annum until paid in full.

  • Upon the occurrence of an Event of Default under Section 10(b), (c), (d), (e), (f) or (g), the Trade Note of any Vendor shall become immediately due and payable upon such Vendor's delivery of notice of such Event of Default to the Company pursuant to Section 12(i) hereof.

  • The principal amount of each Trade Note shall be payable in cash on or before November 15, 1999 (the "Principal Payment Date") and interest on each Trade Note (the "Interest Payment") shall be payable in cash on the earlier to occur (the "Interest Payment Date") of (i) January 15, 2000 or (ii) the date on which any refinancing of the entire amount of the Bank Debt is consummated.

  • If the holders of the Sellers Trade Notes elect to discharge or forgive any amount of the Sellers Trade Notes assumed by the Buyers during the 12-month period after the Closing (the “Discharged Sellers Trade Note Amount”), Buyers shall provide prompt written notice of such discharge or forgiveness to Parent.

  • Each Trade Note shall be substantially in the form of Exhibit A hereto.

  • The Company agrees that it will not exercise any right of offset it may have against any amounts payable under any of the Trade Notes on account of any amounts owed to it by any Vendor whether prior to or after the Effective Date except to the extent that the amounts owed to the Company by such Vendor exceed any and all amounts (other than the amounts payable under such Vendor's Trade Note) payable to such Vendor by the Company.

  • The Buyers shall make and deliver to Parent a separate and new term note (the “Trade Note Discharge Note”) with interest (at the same rate as set forth in the Cash Flow Note) accruing from the date of the Trade Note Discharge Note and providing payment of the principal and interest evidenced by the Trade Note Discharge Note on the date provided for or as deferred for the Buyer’s final payment on the Cash Flow Note at the place for payment provided in the Cash Flow Note.

  • This Agreement shall be binding upon and inure to the benefit of the Company, each of Vendors and their respective successors and assigns, except that the Company may not assign or transfer any of its rights or obligations under this Agreement as to any Vendor, or the Trade Note of such Vendor without the prior written consent of such Vendor.

  • Within five (5) business days after the Effective Date, the Company shall deliver to each Vendor a Trade Note.


More Definitions of Trade Note

Trade Note means that certain Subordinated Promissory Note in the face amount of $1,819, 373.11 dated October 24, 2006, executed by iParty Retail and made payable to Amscan, Inc.
View Source