Bridge Note. If such Buyer is Bridge Buyer, such Bridge Buyer owns the Bridge Note of such Bridge Buyer, as described on the signature page of such Bridge Buyer, free and clear of all Liens.
Bridge Note. A Bridge Note executed by the Borrower in favor of BAMC.
Bridge Note. If the Purchaser is a holder of that certain Convertible Promissory Note made by the Company and dated May 31, 2011 (the “Bridge Note”), then such Purchaser hereby acknowledges and agrees that (i) the issuance and sale for the Shares pursuant to this Agreement shall constitute a “Qualified Financing” for purposes of Section 3 of the Bridge Note, and that this Agreement constitutes such Purchaser’s election in writing to treat the issuance and sale of the Shares as a “Qualified Financing” and (ii) together with the cash payment, if any, made by such Purchaser at the Initial Closing, such Purchaser cancels, surrenders and exchanges the principal amount of, and the accrued interest on, the Bridge Note held by such Purchaser for that number of shares of Series C Preferred Stock set forth in the column designated “Initial Closing Shares” opposite such Purchaser’s name on Exhibit A.
Bridge Note. It is the expectation of the Parties that Buyers will obtain bank financing from the Bank of Oklahoma, N.A. ("BOK") that will allow them to pay to Sellers the entire Money Payment of the Adjusted Purchase Price at Closing. Notwithstanding the above, should the BOK loan amount to Buyers be less than the entire amount of the Money Payment of the Adjusted Purchase Price (such difference being referred to as the "Lending Shortfall"), by written notice to Sellers not less than fifteen (15) days prior to Closing, Buyers may elect to issue to Sellers a promissory note in the amount of the Lending Shortfall in the form attached and made a part hereof as Exhibit M (the "Bridge Note"). The Bridge Note shall be payable to Sellers on or before two hundred seventy (270) days following Closing, accruing interest at eight percent (8%) per annum, payable in either cash or shares of the common stock of Delta, at the option of Buyers, the value of such stock being fixed at Three Dollars ($3.00) per share. If Buyer has neither paid all principal and accrued interest on the Bridge Note nor made a written election to pay the Bridge Note in either cash or shares by close of business on its maturity date of the Bridge Note, Sellers shall have the option to either present the note for payment in cash or shares.
Bridge Note. There shall not have occurred and be continuing as of the Closing Date any Event of Default under the Bridge Agreements (as such term is defined therein).
Bridge Note. “Bridge Note” has the meaning set forth in Section 2.1(a).
Bridge Note. 13 SECTION 2.03
Bridge Note. 18 7.6. PRIME AND/OR LIBOR BORROWING RATES . . . . . . . . . . . . . 18 7.7.
Bridge Note. All Bridge Loans shall be evidenced by a single promissory note, duly executed on behalf of each Borrower, dated the Closing Date, in substantially the form of EXHIBIT A annexed hereto, delivered and payable to the Lender in a maximum principal amount equal to $121,700,000.
Bridge Note. Borrowers shall execute and deliver to Bridge Lender, on the Second Amendment Closing Date, a promissory note substantially in the form of EXHIBIT A-3 attached hereto and made a part hereof ("Bridge Note") to evidence the Bridge Loan. The Bridge Note shall be dated the Second Amendment Closing Date and shall provide for payment of the Bridge Loan as specified in SECTIONS 2B.3 AND 4.1 (a) hereof.
