Authorization of Issuance of Notes. The Company has duly authorized the issuance and sale of its Subordinated Secured Notes due January 31, 2002 (the "Notes", such term to include any such notes issued in substitution therefor pursuant to the terms of this Agreement) in the aggregate principal amount of $7,000,000, to be acquired by the Purchasers in accordance with the terms of this Agreement. The Notes shall be substantially in the form set out in Exhibit A hereto, with such changes thereto, if any, as may be approved by the Principal Purchaser and the Company.
Authorization of Issuance of Notes. The Company has authorized the issue and sale of $700,000 in aggregate principal amount of its Secured Bridge Notes due December 31, 2003 (such notes being referred to herein as the "Notes"). The Notes shall be substantially in the form set out in Exhibit 1, with such changes therefrom, if any, as may be approved by the Purchasers and the Company. The Notes shall bear the legend set forth on the form of Note set out in Exhibit 1 and shall include such other notations, legends or endorsements as required by law. The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Agreement and, accordingly, the Company and the Purchasers, by their execution and delivery of this Agreement, expressly agree to such terms and provisions and to be bound thereby.
Authorization of Issuance of Notes. The first sentence of Article I of the Note Purchase Agreement is deleted in its entirety and the following inserted in lieu thereof: The Company has authorized the issue and sale to the Purchasers of $15,000,000 in aggregate principal amount of its 11.5% Convertible Subordinated Promissory Notes due July 1, 2009 (the notes being referred to herein as the “Notes”). At the election of the Purchasers in their sole discretion and upon written notice to the Company no later than May 15, 2009, such maturity date shall be extended until July 1, 2012.
Authorization of Issuance of Notes. Subject to the terms and conditions hereof, the Company and Subsidiaries have authorized the issuance at one or more Closings of an aggregate of up to Four Million Five Hundred Thousand Dollars ($4,500,000) of one or more promissory notes in the form of Exhibit B attached hereto (collectively the “Notes”) for an aggregate purchase price of Four Million Five Hundred Thousand Dollars ($4,500,000). The Notes shall be secured by certain assets of the Company and Subsidiaries as set forth in the Security Agreement and Mortgages and shall be subordinate to the Senior Financing.
Authorization of Issuance of Notes. The Company has authorized the issue and sale to the Purchasers of $15,000,000 in principal amount of its 10.75% Secured Note due April 1, 2010 (the notes being referred to herein as the "Notes"). The Notes shall be substantially in the form set out in Exhibit 1. The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Agreement and, accordingly, each of the Purchasers and the Company, by its respective execution and delivery of this Agreement, expressly agree to the terms and provisions thereof and to be bound thereby. In the event of any conflict between the terms of the Notes and the terms of this Agreement, this Agreement shall control.
Authorization of Issuance of Notes. The Company has duly authorized the issuance and sale of its Senior Subordinated Notes due February 20, 2002 (the "Notes," such term to include any notes issued in substitution therefor pursuant to the terms of this Agreement), in the aggregate principal amount of $25,000,000, to be acquired by the Purchasers in accordance with the terms of this Agreement. The Guarantors have each duly authorized their respective guaranties of the Company's obligations under the Notes. The Notes shall be substantially in the form set out in EXHIBIT A hereto, with such changes thereto, if any, as may be approved by the Purchasers and the Company.
