Affiliate Notes definition

Affiliate Notes means, collectively, those certain promissory notes executed by the Affiliate Entities and payable to the order of Lender as evidence of the Affiliate Loans, and any extension, renewal, modification or replacement thereof or therefor.

Affiliate Notes means Notes owned by a Holder that is an affiliate of the Company (within the meaning of Rule 144) as of the applicable date of determination or has been an affiliate of the Company (within the meaning of Rule 144) within the preceding three months.

Affiliate Notes means any Notes issued to an Affiliate of the Company, and any Notes issued in exchange therefor or substitution thereof, in each case pursuant to this Indenture. Any Affiliate Notes shall initially be represented by one or more Physical Notes bearing the Affiliate Note Legend and any CUSIP number for such Physical Notes shall be distinct from any other CUSIP number assigned to Notes issued under this Indenture, subject, in each case, to Section 2.05(e).

Examples of Affiliate Notes in a sentence

• Additional Interest will accrue on the Notes (other than the Affiliate Notes) at the rate of 0.50% per annum of the principal amount of Notes (other than the Affiliate Notes) then Outstanding until such Restricted Notes Legend is removed (or deemed removed), the Notes (other than the Affiliate Notes) are assigned (or deemed assigned) an unrestricted CUSIP number and the Notes (other than the Affiliate Notes) are Freely Tradable.

• Any Affiliate Note will bear the Affiliate Notes Legend at any time the Company determinates that, to comply with law, such Note should bear the Affiliate Notes Legend.

• For the avoidance of doubt, this Section 2.08(b) shall not apply to Affiliate Notes.

• The Affiliate Notes Legend shall be removed from Affiliate Notes (and the restrictions on transfer therein contained shall cease to apply) only in connection with a transfer pursuant to Section 2.07(b).

• No Notes bearing, or required to bear, the Restricted Notes Legend (or any interest therein) may be exchanged for, or transferred with the Holder taking delivery in the form of, Notes bearing, or required to bear, the Affiliate Notes Legend (or any interest therein).

More Definitions of Affiliate Notes

Affiliate Notes means Notes sold by the Company to any Affiliate Person (as either a Holder or beneficial owner thereof) and any Note issued in exchange therefor or substitution thereof, other than any such Note that has been sold to (as either a Holder or beneficial owner thereof) a non-Affiliate of the Company (which has not been an Affiliate of the Company within the three months preceding such sale) pursuant to, and in accordance with, a registration statement that is effective under the Securities Act at the time of sale or pursuant to Rule 144 under the Securities Act.

Affiliate Notes means Rule 144A Notes or Regulation S Notes that are held or beneficially owned by one or more entities that are Affiliates of the Company.

Affiliate Notes means Notes sold to the Affiliate Entity and any Note issued in exchange therefor or substitution thereof, other than any such Note that has been sold to a non-Affiliate of the Company (which has not been an Affiliate of the Company within the three months preceding such sale) pursuant to, and in accordance with, a registration statement that is effective under the Securities Act at the time of sale or pursuant to Rule 144 under the Securities Act.

Affiliate Notes has the meaning set forth in the recitals of this Agreement.

Affiliate Notes means the senior notes issued by any Affiliate Guarantor or any of its Subsidiaries to the Borrower as consideration for the transfer of certain assets.

Affiliate Notes means the 8.5% senior convertible notes due 2011 issued pursuant to the Affiliate Note Purchase Agreement.

Affiliate Notes means collectively, (i) that certain promissory note in the original principal amount of $700,000, dated August 12, 1996, between Impact Design, Inc. and the Target, together with accrued interest thereon, and (ii) that certain promissory note in the original principal amount of $150,000, dated August 12, 1996, between Kansas Custom Embroidery and the Target, together with all accrued interest thereon.