Common use of Convertible Term Note Clause in Contracts

Convertible Term Note. The Companies hereby each acknowledge and agree that Laurus’ obligation to purchase the Secured Non-Convertible Revolving Note and the Secured Non-Convertible Term Note from the Companies on the Closing Date shall be contingent upon the satisfaction (or waiver by Laurus in its sole discretion) of the items and matters set forth in the closing checklist provided by Laurus to the Companies on or prior to the Closing Date.

Convertible Term Note. The Companies hereby each acknowledge and agree that Laurus’ ' obligation to purchase the Secured Non-Revolving Note, the Secured Convertible Revolving Term Note and the Secured Non-Convertible Term Note from the Companies on the Closing Date shall be contingent upon the satisfaction (or waiver by Laurus in its sole discretion) of the items and matters set forth in the closing checklist provided by Laurus to the Companies on or prior to the Closing Date.

Convertible Term Note. The Companies hereby each acknowledge and agree that Laurus’ ' obligation to purchase the Secured Non-Convertible Revolving Note and the Secured Non-Convertible Term Note from the Companies on the Closing Date shall be contingent upon the satisfaction (or waiver by Laurus in its sole discretion) of the items and matters set forth in the closing checklist provided by Laurus to the Companies on or prior to the Closing Date.

Convertible Term Note. The Companies hereby each acknowledge and agree that Laurus’ obligation to purchase the Secured Non-Convertible Revolving Note and the Secured Non-Convertible Term Note from the Companies on the Closing Date shall be contingent upon the satisfaction (or waiver by Laurus in its sole discretion) of the items and matters set forth in the closing checklist provided by Laurus to the Companies herein on or prior to the Closing DateDate .