Buyer Note. The Buyer Note will be imprinted with a legend substantially in the following form: The payment of principal and interest on this Note is subject to certain recoupment provisions set forth in a Stock Purchase Agreement dated as of November 1, 1999 (the "Purchase Agreement") among the issuer of this Note, the person to whom this Note originally was issued, and certain other persons. This Note was originally issued on November 15, 1999, and has not been registered under the Securities Act of 1933, as amended. The issuer of this Note will furnish a copy of these provisions to the holder hereof without charge upon written request. Each holder desiring to transfer a Buyer Note first must furnish the Buyer with (i) a written opinion reasonably satisfactory to the Buyer in form and substance from counsel reasonably satisfactory to the Buyer by reason of experience (and it is agreed that Greexxxxxxxx, Xxmkxx & Xale, X.C. is counsel acceptable to Buyer for such purposes) to the effect that the holder may transfer the Buyer Note as desired without registration under the Securities Act and (ii) a written undertaking executed by the desired transferee reasonably satisfactory to the Buyer in form and substance agreeing to be bound by the recoupment provisions and the restrictions on transfer contained herein.
Buyer Note. The Purchase Price shall be paid by Buyer delivering a note in the form attached of Exhibit C (the “Buyer Note”) with a principal amount equal to the Purchase Price, which shall be paid-in-full, within 3 Business Day, of receipt by Buyer of the funds from the Buyer Recapitalization.
Buyer Note. The Buyer Note.
Buyer Note. HON shall cause the Buyer Note to be purchased by a financial institution at the face value thereof, or shall repurchase the Buyer Note at the face value thereof within ninety (90) days of the Closing.
Buyer Note. The Buyer Note will be imprinted with a legend substantially in the following form: THIS PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE ENCUMBERED, PLEDGED, HYPOTHECATED, SOLD, ASSIGNED, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THAT ACT OR AN OPINION OF COUNSEL SATISFACTORY IN FORM AND SUBSTANCE TO THE ISSUER TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR SUCH TRANSACTION COMPLIES WITH RULES PROMULGATED BY THE SECURITIES AND EXCHANGE COMMISSION UNDER SAID ACT.
Buyer Note. The Buyer Note will be imprinted with a legend substantially in the following form: THE PAYMENT OF PRINCIPAL AND INTEREST ON THIS NOTE IS SUBJECT TO CERTAIN RECOUPMENT AND SET-OFF PROVISIONS SET FORTH IN THE ASSET PURCHASE AGREEMENT DATED AS OF OCTOBER 1, 1999 (THE "AGREEMENT") BETWEEN THE ISSUER OF THIS NOTE AND THE PERSON TO WHOM THIS NOTE ORIGINALLY WAS ISSUED, AMONG OTHERS. THIS NOTE WAS ORIGINALLY ISSUED ON OCTOBER 1, 1999, AND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN RESTRICTIONS SET FORTH IN THE AGREEMENT. THE ISSUER OF THIS NOTE WILL FURNISH A COPY OF THESE PROVISIONS TO THE HOLDER HEREOF WITHOUT CHARGE UPON WRITTEN REQUEST. If Seller desires to transfer Buyer Note to an Affiliate, Seller first must furnish the Buyer with (a) a written opinion satisfactory to the Buyer in form and substance from counsel satisfactory to the Buyer to the effect that the holder may transfer the Buyer Note as desired without registration under the Securities Act and (b) a written undertaking executed by the desired transferee satisfactory to the Buyer in form and substance agreeing to be bound by the offset and recoupment provisions and the restrictions on transfer contained herein.
Buyer Note. The principal amount of the Buyer Note is amended to $25,000.
Buyer Note. The Buyer Note, in the principal amount of $2,000,000 or such adjusted amount as shall be provided for herein; and
Buyer Note. The Buyer shall be entitled to recover any amounts to which it is entitled to indemnification from the Buyer Note (after compliance with this Section 9, other than any Adjustment Amount, any excess of Gross-Up Amount, any 338 Benefit Amount or any Seller Transaction Expenses, which shall not be subject to prior compliance with this Section 9), by setting off amounts from the then outstanding principal amount (and any accrued but unpaid interest on such principal amount) of the Buyer Note.
