New Promissory Notes definition

New Promissory Notes means the Curative Unsecured Notes, Apex Unsecured Notes and eBioCare Unsecured Notes, if applicable.
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New Promissory Notes means the promissory notes owed by OMNOVA Solutions (Gibraltar) Ltd. SCS to the Company and/or certain Subsidiary Guarantors in the amount of approximately US$62,700,000 or other Intercompany Notes contemplated by Section 8.02(xvi) being substituted for other Intercompany Notes to the extent the requirements of Section 7.11 and the Security Agreement have been satisfied.
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New Promissory Notes means the Curative Unsecured Note, the Apex Unsecured Note and the eBioCare Unsecured Note, if applicable.
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Examples of New Promissory Notes in a sentence

  • The Escrow Agent’s sole responsibility thereafter shall be to keep safely the funds in the Escrow Account and deliver the same to such person designated as the Escrow Agent shall be directed pursuant to written instructions of the parties or a final court order, provided that, not withstanding the foregoing, at any time the Escrow Agent may deposit any or all of the funds in the Escrow Account with any court of competent jurisdiction in connection with an action in the nature of interpleader.

  • Subject to the terms and conditions of this Agreement and in consideration of the issuance of the New Promissory Notes, and in accordance with Sections 6 and 8.6 of each Convertible Promissory Note, each Interest Holder hereby agrees to cancel and terminate each Interest Holder's outstanding Convertible Promissory Note, in the principal outstanding amounts as of the date of this Agreement as set forth on attached Schedule 1.

  • The Existing Indebtedness shall be evidenced by the New Promissory Notes (defined below).

  • Subject to the terms and conditions of this Agreement and in consideration of the issuance of the New Promissory Notes (defined below in Section 1.4), and in accordance with Sections 4 and 6.6 of each Non-Convertible Promissory Note, each Interest Holder hereby agrees to cancel and terminate each Interest Holder's outstanding Non-Convertible Promissory Note, in the principal outstanding amounts as of the date of this Agreement as set forth on attached Schedule 1.

  • Pursuant to the SPA Supplemental Agreement, the Convertible Bonds will set off in full the entire principal amount of the New Promissory Notes upon CB Completion.

  • However, (i) this restriction shall not apply if Shemesh waives his right to tender shares pursuant to paragraph 2(a) hereof prior to the tender of any such shares, including compliance with the payment schedule for the two new promissory notes; and (ii) no person or entity restricted by this section may make any purchases in the event BFC is not then current under either the First or the Second New Promissory Notes.

  • As set out above, the Promissory Notes will be cancelled and replaced by the New Promissory Notes which shall be issued by the Company after entering into the SPA Supplemental Agreement.

  • Subject to the terms and conditions of this Agreement, Borrower’s Existing Indebtedness shall be consolidated into, and evidenced by, two New Promissory Notes in the forms attached hereto as Exhibit A (“New Promissory Note A”) and Exhibit B (“New Promissory Note B” and together with New Promissory Note A the, “New Promissory Notes”).

  • The Parties hereby agree that, for purposes of Article IX of the Stock Purchase Agreement, all references to "Promissory Notes" shall hereafter mean and include the New Promissory Notes.


More Definitions of New Promissory Notes

New Promissory Notes. The new promissory notes in the aggregate principal amount of HK$92.0 million issued by the Company to the Vendor on the date of the SPA Supplemental Agreement to replace the Promissory Notes, the principal terms of which have been set out in the section headed “New Promissory Notes” of this announcement; “PN Consideration Shares” the new Shares which may be issued by the Company in the event that the Company elects to settle the entire or part of the Promissory Notes by issuing new Shares;
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Related to New Promissory Notes

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

  • 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.

  • Senior Notes Documents means, collectively, the Senior Notes Indenture and all other loan agreements, indentures, note purchase agreements, promissory notes, guarantees, intercreditor agreements, assignment and assumption agreements and other instruments and agreements evidencing the terms of Senior Notes.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Series A Equipment Notes means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.