Secured Revolving Note definition

Secured Revolving Note means that certain Secured Revolving Note dated as of the Closing Date made by the Companies in favor of Lender in the original face amount of $6,000,000, as the same may be amended, supplemented, restated and/or otherwise modified from time to time.
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Secured Revolving Note means the Secured Revolving Promissory Note executed contemporaneously herewith and any renewal, extension, modification or amendment thereto or substitution therefor.
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Secured Revolving Note means the Amended and Restated Secured Revolving Note made payable to the order of the Lender, in substantially the form of Exhibit A-1 hereto, as amended from time to time.
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Examples of Secured Revolving Note in a sentence

  • Company shall execute and deliver to Laurus on the Closing Date a Minimum Borrowing Note and a Secured Revolving Note evidencing the Loans funded on the Closing Date.

  • The Companies hereby each acknowledge and agree that each Lender’s obligation to purchase a Secured Revolving Note from the Companies on the Closing Date shall be contingent upon the satisfaction (or waiver by the Agent) of the items and matters set forth in the closing checklist provided by the Agent to the Companies on or prior to the Closing Date.

  • This Amendment is being entered into in reference to the following facts: The Borrower and the Bank entered into an Amended and Restated Secured Revolving Note, dated as of July 3, 1999 (as modified, amended, and supplemented to the date hereof, the “Note”).

  • As identified above, the Pre-Petition Loan Documents include: (i) that certain Secured Revolving Note dated December 6, 2005, in the initial aggregate amount of $15,000,000.00 (the “Secured Revolving Note”), and (ii) that certain Secured Term Note dated December 6, 2005, in the principal amount of $5,000,000.00, the (“Secured Term Note”).

  • The Companies hereby each acknowledge and agree that Laurus' obligation to purchase the Secured Revolving Note and the Secured Term Note from the Companies on the Closing Date shall be contingent upon the satisfaction (or waiver by Laurus in its sole discretion) of the items and matters set forth in the closing checklist provided by Laurus to the Companies on or prior to the Closing Date.

  • The Secured Advances made by the Lender shall be evidenced by the Secured Revolving Note.

  • No failure or delay on the part of the Holder hereof in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude Secured Revolving Note other or further exercise thereof or of any other right, power or privilege.

  • DIP Lender’s advances of the Post-Petition Financing shall be pursuant to the same terms as the Pre-Petition Loan Documents, as modified by this Order, without the need for further execution or documentation, and all advances and borrowings shall be in accordance with the Secured Revolving Note and the other Pre-Petition Loan Documents.

  • This Replacement Secured Revolving Note (this "NOTE") shall bear interest at a per annum rate equal to the Prime Rate PLUS the Applicable Margin (the "LENDING RATE").

  • By: /s/ XXXXX XXXXX ------------------------------------- Name: Xxxxx Xxxxx Title: Chairman WITNESS: NOTICE OF CONVERSION (To be executed by the Holder in order to convert the Note) The undersigned hereby elects to convert $_________ of the principal and $_________ of the interest due on the Amended and Restated Secured Revolving Note issued by Xxxxxx Xxxxxxxxx, Inc.


More Definitions of Secured Revolving Note

Secured Revolving Note means that certain Secured Revolving Note dated as of the Closing Date made by the Parent in favor of Calliope in the original face amount of Two Million Seven Hundred Fifty Thousand Dollars ($2,750,000), as the same may be amended, supplemented, restated and/or otherwise modified from time to time.
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Secured Revolving Note. (this "Note") evidences certain advances and extensions of credit made prior to the date hereof and, subject to the terms and conditions of this Note, and subject to the availability of cash for such purposes and the restrictions set forth in any agreement between Lender and its lenders, to be made after the date hereof by Lender, in Lender's sole discretion, xx xavor xx Xxxrower (the "Loans"). The aggregate principal amount of the Loans shall not exceed the Principal Amount. The Loans shall be evidenced by this Note and this Note shall supersede and replace the promissory notes of Borrower in favor of Lender dated June 13, 2002, June 26, 0000, July 25, 2002, August 9, 2002, September 30, 2002, October 4, 2002, October 31, 2002 and October 31, 2002. Borrower acknowledges that all Loans advanced prior to the date hereof are accurately recorded on the schedule attached hereto (the "Loan Schedule") and authorizes the Lender to record on the Loan Schedule the date and amount of each additional advance hereunder and the date and amount of each repayment of principal, provided, however, that any failure by Lender to record any such information shall not relieve Borrower of its obligation to repay the outstanding principal amount of such advances, accrued interest thereon, and any other amount payable with respect thereto in accordance with the terms of this Note.
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Secured Revolving Note appearing in Annex A to the Security Agreement is hereby amended by deleting the amount "US$3,500,000" appearing therein and inserting the amount "US$3,650,000" in lieu thereof. AMENDMENT TO OVERADVANCE SIDE LETTER
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Secured Revolving Note. (this "Note") shall bear interest at a per ---- annum rate equal to eleven (11%) per cent per annum (the "Lending Rate"). All ------------ computations of interest shall be calculated on the basis of a year of three hundred sixty (360) days for the actual days elapsed. Interest shall accrue from the date of this Note to the date of repayment of this Note in accordance with the provisions hereof. Maker shall pay all accrued but unpaid interest on the Revolving Loans, in arrears, on the first Business Day of each and every month. As used herein, "Business Day" means any day other than a Saturday, a Sunday, or ------------ a day on which commercial banks in the City of New York, New York are authorized or required by law or executive order or decree to close.
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Secured Revolving Note means that certain Secured Revolving Note issued pursuant to the Security Agreement by the Borrower to the Senior Lender made as of June 23, 2005, in the principal amount $1,500,000, together with all amendments, extensions, modifications, substitutions or renewals thereof.
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Secured Revolving Note means the Secured Revolving Note issued by the Company in favour of Laurus in connection with the transactions contemplated hereby, as the same may be amended, supplemented, restated and/or otherwise modified from time to time.
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Related to Secured Revolving Note

  • 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.

  • Term Loan Obligations means any Obligations with respect to the Term Loan (including, without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Revolving Notes means the promissory notes of the Borrower in favor of each of the Lenders evidencing the Revolving Loans provided pursuant to Section 2.1(e), individually or collectively, as appropriate, as such promissory notes may be amended, modified, supplemented, extended, renewed or replaced from time to time.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • 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.

  • Revolver Note means any one of such Revolver Notes.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

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

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Swingline Note means a promissory note made by the Borrower in favor of the Swingline Lender evidencing the Swingline Loans made by the Swingline Lender, substantially in the form attached as Exhibit A-2, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrower.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

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

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.