Amount and Terms of the Notes. The Lenders undertake to lend to the Company the Loan Amount, in the proportions as set forth opposite each Lender’s name in Exhibit A, against the issuance of the Notes. The Loan Amount shall bear a cumulative annual interest as specified in the Note and shall have such maturity date set forth therein.
Amount and Terms of the Notes. Subject to the terms of this Agreement, at the Closing (as defined below) the Company agrees to issue and sell to each of the Purchasers, and each Purchaser agrees, severally and not jointly, to purchase from the Company, a senior secured convertible promissory note in the form attached to this Agreement as Exhibit A (each, a “Note” and collectively, the “Notes”) in the principal amount set forth on such Purchaser’s signature page hereto (each, a “Loan Amount”). The aggregate principal amount of all Notes shall not exceed Five Hundred and Thousand Dollars ($500,000).
Amount and Terms of the Notes. Subject to the terms of this Agreement, at each Closing (as defined below) the Company agrees to issue and sell to each of the Purchasers, and each Purchaser agrees, severally and not jointly, to purchase from the Company, a subordinated convertible promissory note in the form attached to this Agreement as Exhibit A (each, a “Note” and collectively, the “Notes”), in the principal amount set forth on such Purchaser’s signature page hereto (each, a “Loan Amount”), in an aggregate principal amount of up to One Million Dollars ($1,000,000) (the “Maximum”). The Notes shall become immediately due and payable on the one (1) year anniversary of the Issue Date set forth in the Notes (the “Maturity Date”).
Amount and Terms of the Notes. Subject to the terms of this Agreement, at the Closing (as defined below) the Company agrees to issue and sell to each of the Purchasers, and each Purchaser agrees, severally and not jointly, to purchase from the Company, a promissory note in the form attached to this Agreement as Exhibit A (each, a “Note” and collectively, the “Notes”) in the principal amount set forth on each Purchaser’s signature page (each, a “Loan Amount”), in an aggregate principal amount not to exceed Five Million Dollars ($5,000,000). The Notes shall become immediately due and payable on the earlier of (1) the one year anniversary date of the Issue Date set forth in the Notes (the “Maturity Date”); (2) the receipt by the Company of at least ten million ($10,000,000) in aggregate gross proceeds in connection with the sale of any debt or equity securities of the Company; or (3) such earlier date set forth in the Notes.
Amount and Terms of the Notes. 1.1 The Note(s). Subject to the terms of this Agreement, the Company may, at its option, issue and deliver and Holder agrees to accept at each Closing (as hereinafter defined) a convertible promissory note in substantially the form attached hereto as Exhibit A (each, a “Note” and collectively, the “Notes”) as payment for up to fifty percent (50%) of each royalty payment owing under the terms of the Licensing Agreement. In addition, the Company may, with the consent of Holder, issue and deliver and Holder agrees to accept at each Closing a Note as payment for up to one hundred (100%) of each royalty payment owing under the terms of the Licensing Agreement. The principal amount of each Note shall equal the portion of such royalty payment that the Company has elected to pay via a Note (each, an “Advance”)
Amount and Terms of the Notes. 1.1 The Note(s). Subject to the terms of this Agreement, the Company may, at its option, issue and deliver and Holder agrees to accept at each Closing (as hereinafter defined) a convertible promissory note in substantially the form attached hereto as Exhibit A (each, a “Note” and collectively, the “Notes”) as payment for [***] of each royalty payment owing under the terms of the Licensing Agreement. In addition, the Company may, with the consent of Holder, issue and deliver and Holder agrees to accept at each Closing a Note as payment for [***] of each royalty payment owing under the terms of the Licensing Agreement. The principal amount of each Note shall equal the portion of such royalty payment that the Company has elected to pay via a Note (each, an “Advance”)
Amount and Terms of the Notes
