Common use of Additional Short Term Note Clause in Contracts

Additional Short Term Note. Purchaser shall execute and deliver to Shareholder at the Closing, a short-term note (the “Additional Short-Term Note”) dated the Closing Date, in a principal amount of One Million Dollars ($1,000,000.00), subject to the amount of adjustment as set forth in Section 6.6(g) of the Purchase Agreement (the “Additional Purchase Price”). The Additional Short-Term Note shall be payable in full on the second Business Day after the Closing Date by wire transfer to an account designated in advance by Shareholder and otherwise in the form mutually agreed to by Purchaser and Shareholder and shall be guaranteed by the Guarantor.

Additional Short Term Note. Purchaser shall execute and deliver to Shareholder at the Closing, a short-term note (the “Additional Short-Term Note”) dated the Closing Date, in a principal amount of One Two Million Dollars ($1,000,000.002,000,000.00), subject to the amount of adjustment as set forth in Section 6.6(g) of the Purchase Agreement (the “Additional Purchase Price”). The Additional Short-Term Note shall be payable in full on the second Business Day after the Closing Date by wire transfer to an account designated in advance by Shareholder and otherwise in the form mutually agreed to by Purchaser and Shareholder and shall be guaranteed by the Guarantor.