First Note definition

First Note has the meaning set forth in Section 2.2(a)(iii).

First Note has the meaning given in the recitals.

First Note means that certain 11 3/4 % Subordinated Convertible Promissory Note dated February 14, 1994 in the amount of $34,000,000 issued by Tathxx Xxxshore to DeepTech, as amended, restated, supplemented or otherwise modified from time to time.

Examples of First Note in a sentence

• No offset or claim which Borrower might have now or in the future against Lender including with respect to the First Note, shall relieve Borrower from making payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

• Borrower shall perform or observe all terms and conditions of the First Note and First Mortgage.

• Any amount of debt prepaid first will be applied to reduce the principal balance of this Note and then to reduce the principal balance of the First Note.

• On each First Note Transfer Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.

• Any amount of debt prepaid will first be applied to reduce the principal balance of this Note and then to reduce the principal balance of the First Note.

More Definitions of First Note

First Note means the Senior Second Lien Secured Convertible Note due 2025, dated February 22, 2021, issued by the Issuer in favor of the First Holder, as amended by the First Omnibus Amendment.

First Note means the Note in the principal amount of the First Note Amount to be issued at the First Note Closing by the Issuer;

First Note means the Secured Convertible Promissory Note made in consideration of a $100,000 loan by Holder to Kips Bay.

First Note and “First Deed of Trust” – means that HUD or VA, as the case may be, purchase money note secured by a deed of trust recorded concurrently herewith and which is an encumbrance on the Property in a 1st priority lien position.

First Note means the secured promissory note, in the form attached hereto as Exhibit D, to be issued by Buyer to Seller pursuant to Section 2.2(b).

First Note means the promissory note signed by the Borrower together with the Loan Agreement and given to the holder of the First Note to evidence the Borrower’s promise to repay, with interest, loan advances made by the holder of the First Note and secured by the First Security Instrument.

First Note means an exchangeable note in the principal amount of US$36 million purchased by PAG at First Completion pursuant to the Securities Purchase Agreement. 8 www.verify.gov.ky File#: 377760Filed: 15-Oct-2021 11:20 EST Auth Code: D68786797424