Previous Notes definition
Examples of Previous Notes in a sentence
Within five (5) Business Days after the Agent receives any Previous Note, the Agent shall return such Previous Note or Previous Notes to the Borrower for cancellation.
For the avoidance of doubt, Section 15 of the Previous Agreement shall survive the cancellation of the Previous Notes.
Within the later of (i) five (5) business days after the Agent receives any Previous Note, or (ii) five (5) business days after the date on which the Agent has received for the benefit of the Lenders the New Revolving Credit Notes and the New Advance Term Notes, the Agent shall return such Previous Note or Previous Notes to the Borrower for cancellation.
Within five (5) business days after the date hereof, each Lender shall return to the Agent the Advance Term Note and the Revolving Credit Note executed by the Borrower in favor of such Lender dated July 31, 1998 (individually, a "Previous Note" or collectively, the "Previous Notes").
For the avoidances of doubt the parties hereby acknowledge and agree that the Buyer has previously funded 485,000 to the Company pursuant to the Previous Notes and shall fund an additional $764,950, in cash, to the Company within two Business Days (2) days of the date hereof.
The indebtedness of the Borrower to the Banks was and is governed by the terms of the Credit Agreement, and has been evidenced in part by the Previous Notes, for which the Revolving Notes are hereby substituted and exchanged.
The parties acknowledge and agree that the loans evidenced by the Previous Notes shall be deemed to be Loans under this Agreement and the Previous Notes shall be deemed Notes under this Agreement.