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Executive Note definition

Executive NoteÌýmeans the Promissory Note, dated as of the date hereof, made by 35 Executive Borrower in favor of Mortgagee, as the same may be amended, modified or supplemented from time to time.
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Executive NoteÌýhas the meaning set forth in Section 2.
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Executive NoteÌýis that certain Revolving Promissory Note dated as of the date of the Initial Closing pursuant to which the Company will loan to Executive, from time to time, an amount not to exceed in the aggregate $616,883, so as to enable Executive to purchase the Reserved Shares from the Company as provided for herein. Executive's obligations under the Executive Note shall be secured by a pledge of all of the shares of Reserved Stock purchased hereunder to the Company and in connection therewith, Executive shall enter into a pledge agreement in the form of EXHIBIT B attached hereto (the "PLEDGE AGREEMENT").
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Examples of Executive Note in a sentence

  • In addition, the Company may pay the purchase price for such shares by offsetting amounts outstanding under the Executive Note issued to the Company hereunder and any other bona fide debts owed by Executive to the Company.

  • The Company may pay the purchase price for such shares by offsetting amounts outstanding under the Executive Note issued to the Company hereunder and any other bona fide debts owed by Executive to the Company.

  • Notwithstanding the provisions of this paragraph 4, ------- Executive may pledge any shares of Executive Stock to the Company to secure payment of the Executive Note.

  • To be filled in by MDL’s Commercial Executive) Note: Sr. No.2 and 3 above will be filled in by the Bidder and MDL Commercial Executive respectively and the form forwarded to Treasury Section for posting of SAP Document to the respective Bank Account.

  • In addition, the Company may pay the purchase price for such Units by offsetting amounts outstanding under the Executive Note issued to the Company hereunder.

  • In addition, the Company may pay the purchase price for such shares by offsetting amounts outstanding under the Executive Note issued to the Company hereunder and any other debts owed by Executive to the Company.

  • In addition, the Company may pay the purchase price for such shares by offsetting amounts outstanding under any bona fide debts owed by Executive to the Company including, without limitation, debts owed under the Executive Note.

  • Executive's obligations under the Executive Note shall be secured by a pledge of all of the shares of Common Stock purchased hereunder to the Company and in connection therewith, Executive shall enter into a pledge agreement in the form of ANNEX B attached hereto.

  • This Note is the Executive Note referred to in the Senior Management Agreement, dated as of the date hereof, between the Company and Maker (the "Management Agreement").

  • Executive's obligations under the Executive Note shall be secured by a pledge of all of the Executive Units to the Company, and in connection therewith, Executive shall enter into a pledge agreement in the form of Annex B attached hereto (the "Pledge Agreement").


More Definitions of Executive Note

Executive NoteÌýmeans that certain Promissory Note dated as of March 6, 2001 made by Xxxxx X. Xxxx in favor of the Borrower in the principal amount of Nine Million Two Hundred Eighty-Seven Thousand Two Hundred Thirty Dollars and Fifteen Cents ($9,287,230.15) and incurred in connection with Xx. Xxxx’x employment contract with the Borrower.
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Executive NoteÌýmeans the promissory note delivered by Executive to the Parent Partnership substantially in the form of Annex A attached hereto in an aggregate principal amount of $110,000.
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Executive NoteÌýmeans that certain Promissory Note dated as of the date hereof made by Executive to the order of GTCR Fund VII in the aggregate principal amount of $1,000,195.
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Related to Executive Note

  • Definitive Note means a certificated Note registered in the name of the Holder thereof and issued in accordance with Section 2.06(c) hereof, substantially in the form of Exhibit A hereto, except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Noteâ€� attached thereto.

  • Restricted Definitive Note means a Definitive Note bearing the Private Placement Legend.

  • Unrestricted Definitive Note means one or more Definitive Notes that do not bear and are not required to bear the Private Placement Legend.

  • Transfer Restricted Definitive Notes means Definitive Notes that bear or are required to bear or are subject to the Restricted Notes Legend.

  • Unrestricted Definitive Notes means one or more Definitive Notes that do not and are not required to bear the Private Placement Legend.