Bridge Loan. Upon the execution and delivery of the Merger Agreement by the parties thereto and subject to the terms and conditions contained herein, Lender hereby agrees to make the Loan to Borrower, and Borrower agrees to issue and sell to Lender, the Note in the principal amount of $2,000,000.00. All principal and accrued interest on the Note shall be due and payable upon the Maturity Date (as defined in the Note).
Appears in 6 contracts
Samples: Subordinated Convertible Note Purchase Agreement (Pharmhouse Corp), Voting and Payment Agreement (Pharmhouse Corp), Subordinated Convertible Note Purchase Agreement (Phar Mor Inc)
