PDP Note definition
Examples of PDP Note in a sentence
All of PDP Borrower’s obligations under this PDP Agreement and under the PDP Note are absolute and unconditional, and shall not be subject to any offset or deduction whatsoever.
PDP Borrower has caused this PDP Note to be executed by its duly authorized representative as of the date first above written.
Any payments and amounts due to PDP Lender under or in connection with this PDP Agreement or any PDP Note shall be paid to PDP Lender free and clear of any and all Foreign Taxes (as hereinafter defined).
Upfront Fee: in respect of an Aircraft, the product of *** multiplied by the sum of (a) the Original Amount of all Applicable Equipment Notes less (b) the original principal amount of the PDP Note issued in respect of such Aircraft as set forth in Schedule 2 to the Loan Agreement.
Each payment to be made by PDP Borrower hereunder or under any PDP Note in respect of any of the Obligations shall be made in United States Dollars.
Without limiting the generality of the foregoing, PDP Borrower hereby irrevocably and unconditionally authorizes PDP Lender (and its agents and employees) to fill in any blank spaces contained in any PDP Note and to file one or more UCC-1 financing statements with respect to the Collateral.