Old Note definition

Old Note has the meaning provided in Section 13(b).
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Old Note means that certain promissory note, dated as of July 24, 2006, in the original principal amount of $3,300,000, executed by the Company in favor of the Purchaser and issued pursuant to that certain Note Purchase Agreement, dated as of February 10, 2006, as amended by that certain First Amendment to Note Purchase Agreement, dated as of July 24, 2006, by and between the Company and the Purchaser.
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Old Note has the meaning set forth in Section 2.11(b) of the Loan Agreement.
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Examples of Old Note in a sentence

  • Interest shall be deemed to have been paid on such New Note to the date to which interest was paid on the applicable Old Note, and all payments and prepayments of principal required to have been marked on such New Note, as provided in clause (ii) of the preceding sentence, shall be deemed to have been made thereon.

  • The parties agree that this Amended and Restated Note Purchase Agreement supersedes and replaces the Old Note Purchase Agreement in its entirety and the purchase of any and all EDUCATION ONE Conforming Loans after the Effective Date will be made under the terms and conditions of this Amended and Restated Note Purchase Agreement and not under the Old Note Purchase Agreement; provided, however, that the Third Amendment to Program Agreements, dated November 1, 2001, remains in full force and effect.

  • If less than the entire principal amount of any Old Note evidenced by a submitted certificate or by a Book-Entry Confirmation is tendered, the tendering holder must fill in the principal amount tendered in the fourth column of Box 1 above.

  • Upon delivery of the Amended and Restated Note, the Purchaser will surrender to the Company the Note outstanding on the date hereof (the "Old Note").

  • The Amended and Restated Note shall be dated the date of, and be in the same denomination as, the Old Note replaced by it.


More Definitions of Old Note

Old Note has the meaning set forth in the Recitals.
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Old Note. If any Collateral remains on the Old Note, the monthly payment amount for the Old Note will be reduced in proportion to the Removed Collateral's value.
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Old Note means the Borrower's revolving promissory note dated as of September 3, 1999, payable to the order of the Lender in the original principal amount of $1,500,000.
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Old Note shall have the meaning ascribed to such term in the forepart of this Agreement.
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Old Note less: (i) any trade-in value or resale proceeds received by Lender for the Removed Collateral and (ii) a
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Old Note means each Old Term A Note, Old Term B Note, Old Revolving Note and Old Acquisition Term Note.
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Old Note less: (i) any trade- in value or resale proceeds received by Lender for the Removed Collateral and (ii) a credit for Note payments already made (the total Old Note payments attributable to the removed Collateral multiplied by the "Allowance Factor" indicated in the table below). In no event shall the principal amount of the New Note be less than original principal amount of the Old Note. =============================================================================== Removal Date Allowance Factor =============================================================================== After 12 Months of Old Note 55% ------------------------------------------------------------------------------- After 24 Months of Old Note 60% ------------------------------------------------------------------------------- After 36 Months of Old Note 65% ===============================================================================
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