Note II definition

Note II means the Promissory Note, as defined in Section 3.2, and any other promissory note now or hereafter evidencing Line of Credit II and all modifications, extensions and renewals thereof. "Permitted Debt" shall mean (a) the Indebtedness; and (b) any other Debt listed on Exhibit 1.1C hereto (if any) and any extensions, renewals, replacements, modifications and refundings of any such Debt if, and to the extent, permitted by Exhibit 1.1C; provided, however, that the principal amount of such Debt may not be increased from the amount shown as outstanding on such exhibit; and (c) such other Debt as the Lender may consent to in writing from time to time. "Permitted Liens" shall mean (a) Liens securing the Indebtedness; (b) Liens for taxes and other statutory Liens, landlord's Liens and similar Liens arising out of operation of law (provided they are subordinate to the Lender's Liens on Collateral) so long as the obligations secured thereby are not past due or are being contested as permitted herein; (c) Liens described on Exhibit 1.1D hereto (if any), provided, however, that no debt not now secured by such Liens shall become secured by such Liens hereafter and such Liens shall not encumber any other assets; and (d) such other Liens as the Lender may consent to in writing from time to time. "Person" shall mean any natural person, corporation, unincorporated organization, trust, joint-stock company, joint venture, association, company, limited or general partnership, any government, or any agency or political subdivision of any government, which includes where applicable the Borrower. "Purchase Agreement" shall mean that certain Share Purchase Agreement between Lender and Borrower dated the date of this Agreement. "Security Agreement" shall mean this Agreement as it relates to a security interest in the Collateral, and any other mortgage, security agreement or similar instrument now or hereafter executed by the Borrower or other Person granting the Lender a security interest in any Collateral to secure the Indebtedness. "Subsidiary" shall mean any corporation, partnership or other Person in which the Borrower, directly or indirectly, owns more than fifty percent (50%) of the stock, capital or income interests, or other beneficial interests, or which is effectively controlled by the Borrower.

Note II. All project-specific provisions in this EPCA have been enclosed in square parenthesis and may be modified, as necessary, before issuing the draft EPC Agreement to Bidders. (See Appendix-II) Note III: The asterisks in this EPCA should be substituted by project-specific particulars before issuing the draft EPC Agreement to Bidders. (See Appendix-II) Note IV: Notes I, II, III and IV shall be omitted prior to issuing of the draft EPC Agreement.

Note II means the Promissory Note of even date herewith in the principal amount of $8,125,000.00, payable by Borrowers to the order of Lender.

Note II. All project-specific provisions in this Agreement have been enclosed in square parenthesis and may be modified, as necessary, before issuing the draft Concession Agreement to Bidders.

Note II. Teachers hired on or after July 1, 2011 will be assigned to the appropriate step on Schedule B with no compensation for graduate course credit hours earned toward a master’s degree. If a teacher is not assigned a base salary on Schedule B, the base salary shall be Two Thousand, Five Hundred Dollars ($2,500) more than the previous year's base salary for the 2014- 2015 school year; Two and One Half Percent (2.5%) more than the previous year's base salary for the 2015-2016 school year; and, Three Percent (3%) more than the previous year's base salary for the 2016-2017 school year. Teachers assigned to Schedule A may elect to be placed on Schedule B at the same step with no compensation for graduate course credit hours earned toward a master’s degree. This is a one-time election that is irrevocable. Written election must be filed with the Superintendent’s Office prior to January 1, 2014. All teachers will have added to each teacher’s base salary Fifty Dollars ($50.00) for each pre-approved post master’s degree graduate course credit hour earned as outlined in Note III.

Note II. The deferred tax liabilities relating to the pro forma fair value adjustments of intangible assets amounted to US$232,000, which is calculated at the HK SAR Profits Tax rate of 16.5%.

Note II means the promissory note executed by ▇▇▇▇▇▇▇▇ to Lender in the original principal amount of Two Hundred Fifty Thousand and 00/100ths Dollars ($250,000.00).

Note II means that certain Promissory Note II, dated of even date herewith, in the stated principal amount of $4,000,000.00 executed by Maker and payable to the order of Payee.

Note II. Dated October 23, 1998, in the principal sum of $600,000, issued to Capital Protection, Inc., a California corporation, as Trustee of ETPI Lenders Trust II, with accrued interest, extension fees, and late charges accrued through 12/31/00 of $49,188.00, a total of $649, 188.00.