Authorization of Note. Pursuant to and in full compliance with the Redevelopment Law and this Resolution, and for the purpose of providing funds to pay (a) the cost of acquiring, constructing, reconstructing, improving, extending, rehabilitating, installing, equipping, furnishing, and completing the Project, and (b) the costs of issuing the Note, the Authority shall issue one Note (the “Note”) in an aggregate principal amount not to exceed $1,307,858. The Note shall be designated as “Community Redevelopment Authority of the City of Grand Island, Nebraska, Procon Properties, LLC, Redevelopment Project Tax Increment Development Revenue Note Series 2021,” shall have an appropriate series designation as determined by the Finance Director, shall be dated the Date of Original Issue, shall mature, subject to right of prior redemption, not later than the December 31, 2043, and shall bear interest at an annual rate of 0.00%. The Note shall be issued as a single Note as further described in Section 3.2. The Note is a special, limited obligation of the Authority payable solely from the Revenue and the amounts on deposit in the funds and accounts established by this Resolution. The Note shall not in any event be a debt of the Authority (except to the extent of the Revenue and other money pledged under this Resolution), the State, nor any of its political subdivisions, and neither the Authority (except to the extent of the Revenue and other money pledged under this Resolution), the City, the State nor any of its political subdivisions is liable in respect thereof, nor in any event shall the principal of or interest on the Note be payable from any source other than the Revenue and other money pledged under this Resolution. The Note does not constitute a debt within the meaning of any constitutional, statutory, or charter limitation upon the creation of general obligation indebtedness of the Authority and does not impose any general liability upon the Authority. Neither any official of the Authority nor any person executing the Note shall be liable personally on the Note by reason of its issuance. The validity of the Note is not and shall not be dependent upon the completion of the Project or upon the performance of any obligation relative to the Project. The Revenue and the amounts on deposit in the funds and accounts established by this Resolution are hereby pledged and assigned for the payment of the Note, and shall be used for no other purpose than to pay the principal of or interest on th...
Authorization of Note. The Company has authorized the issuance of the Note.
Authorization of Note. On or prior to the Closing Date, the Company shall have authorized the (i) sale and issuance to Purchaser of the Note, and (ii) issuance of the Conversion Shares. The Note shall be substantially in the form attached hereto as EXHIBIT A. As used in this Agreement, "Note" shall include the Note issued pursuant to this Agreement, together with any Note issued in exchange therefor or replacement thereof and any Note which may be issued in payment of interest in accordance with the terms thereof.
Authorization of Note. The Company has authorized (a) the sale and issuance to the Investor of the Note and (b) the issuance of shares of its common stock, par value $0.0001 per share (the “Common Stock”), to be issued upon conversion of the Note (the “Conversion Shares”).
Authorization of Note. The Company will authorize the issue and sale of its 4.10% Convertible Subordinated Note due November 1, 2004 in the aggregate principal amount of $7,500,000. The Note shall be in the form set out in Exhibit 1. Certain capitalized terms used in this Agreement are defined in Schedule A; references to a "Sched- ule" or an "Exhibit" are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement.
Authorization of Note. The Company has authorized the issuance and sale of a $27,500,000, 12% Seniuor Subordinated Convertible Note (the "Note") due May 5, 2001 (the "Final Maturity Date"), to be substantially in the form of Exhibit A and to be convertible into shares of Series E Preferred Stock or Common Stock as provided in Section 7.07.
Authorization of Note. The Company has authorized the issue and sale to the Investor of the Company’s 2021 Promissory Note in the principal amount of Four Hundred Thousand and 00/100 Dollars ($400,000.00) (the “Note”, such term to include any other promissory note or notes issued in exchange or substitution therefore), in the form attached hereto as Exhibit A and made a part hereof. The Note shall be included with this document. Certain capitalized terms used in this Note Purchase Agreement (this “Agreement”) are defined in Section 6 hereof.
Authorization of Note. This Note is authorized and issued pursuant to the Industrial Development and Revenue Bond Act (Chapter 49, Title 15.2, Code of Virginia of 1950, as amended), a resolution adopted by the Authority on [June 9, 2020], and a Note Purchase and Loan Agreement dated as of June [ ], 2020 (the “Loan Agreement”), between the Authority, the County of Albemarle, Virginia (the “County”), and the Lender, to finance the County Projects from time to time.
Authorization of Note. The Seller shall have received sufficient --------------------- evidence, as determined by the Seller in its sole discretion, that the Note has been duly authorized and validly issued and delivered by Star Struck.
Authorization of Note. The Company has authorized the issue and sale of the Note, a form of which is attached as Exhibit B.
