Commitments, Closing Date Sample Clauses
Commitments, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Company agrees to issue to the Purchaser, and the Purchaser agrees to replace the original Senior Subordinated Convertible Note Due December 31, 2003 in the principal amount of Four Million Dollars ($4,000,000) (the "Original Note") plus Three Hundred Seventy-One Thousand Five Hundred Seventy-Three Dollars ($371,573) of accrued interest thereon with the Note on the Closing Date. Delivery of the Note on the Closing Date will be made at such place as the parties hereto mutually agree against cancellation of the Original Note and interest thereon. On the Closing Date, the Company will deliver to the Purchaser the Note in the principal amount of Four Million Three Hundred Seventy-One Thousand Five Hundred Seventy-Three Dollars ($4,371,573).
Commitments, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Company agrees to issue and sell to the Purchaser, and the Purchaser agrees to purchase from the Company on the Closing Date at a price of 100% of the principal amount, the Note. Delivery of the Note on the Closing Date will be made at such place as the parties hereto mutually agree against payment therefor by wire transfer of federal funds currently and immediately available in Indianapolis, Indiana for credit to such account or accounts as the Company shall specify by not less than three Business Days' prior written notice. On the Closing Date, the Company will deliver to Capitol American the Note in the principal amount of Three Million Six Hundred Twenty-Eight Thousand Four Hundred Twenty-Seven Dollars ($3,628,427) and to Transport the Note in the principal amount of Two Million Dollars ($2,000,000).
Commitments, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Company agrees to issue and sell to the Purchaser, and the Purchaser agrees to purchase from the Company on the Closing Date at a price of 100% of the principal amount, the Note. Delivery of the Note on the Closing Date will be made at such place as the parties hereto mutually agree against payment therefor by wire transfer of federal funds currently and immediately available in Indianapolis, Indiana, (net of the funds to be paid to the Purchaser for the purchase of the Warrants and the payment of a fee as specified in SECTION 4.9) for credit to such account or accounts as the Company shall specify by not less than three Business Days' prior written notice. On the Closing Date the Company will deliver to the Purchaser the Note in the principal amount of Four Million Dollars ($4,000,000).
Commitments, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Company agrees to issue to the Purchaser the original Senior Subordinated Note Due October 31, 2007 in the principal amount of Eleven Million Dollars ($11,000,000) on the Closing Date. Delivery of the Note on the Closing Date will be made at such place as the parties hereto mutually agree.