Delivery of Promissory Note. At the option of the Corporation, the Purchase Price shall be paid in good funds at the Closing or by the delivery of the Corporation's promissory note in the amount of the Purchase Price for such Stock, payable to the order of the selling Stockholder or his estate, as the case may be (the "Purchase Note"). The Purchase Note shall be due and payable in sixty (60) consecutive, equal, monthly installments, together with interest at the minimum annual rate allowable under the provisions of the Internal Revenue Code then in effect to prevent imputed interest, original issue discount or unstated interest. The first such installment of the Purchase Note shall be due thirty (30) days from the date of Closing and the remaining installments shall be due on the same date of each month thereafter until principal and interest shall be fully paid. The Purchase Note shall be prepayable at any time and from time to time in whole or in part, without penalty or unaccrued interest, at the option of the Corporation.
Delivery of Promissory Note. In order to more fully implement the subordination effected hereby, the Subordinated Lender shall deliver to the Administrative Agent or its agent all promissory notes of the Borrower payable to the order of Subordinated Lender. The Subordinated Lender agrees to take such other action as may be reasonably necessary or appropriate to effectuate, as between the Administrative Agent and the Lenders, on the one side, and the Subordinated Lender, on the other side, the subordination provided for herein.
Delivery of Promissory Note. SSI shall deliver at the Closing, effective as of the Effective Date, a senior secured promissory note of SSI for a principal amount of $1,073,093.83 to and in favor of VASCO in the form of Exhibit B (the "PROMISSORY NOTE"). The parties hereto agree that the Promissory Note shall be payable in thirty-six (36) equal and consecutive monthly payments of $32,645.59, such amount representing the aggregate principal amount of the Promissory Note plus interest thereon accrued at a rate of six percent (6%) per annum, compounded monthly.
Delivery of Promissory Note. As soon as possible after the Effective Time, REFAC shall deliver to each of the Principal Stockholders a promissory note (each, a "Promissory Note"), in substantially the form set forth in Exhibit A hereto, for ninety percent (90%) of the Cash Consideration, duly executed by REFAC and dated the date of the Effective Time.
Delivery of Promissory Note. Tenant shall execute and deliver the Promissory Note to Landlord concurrently with Tenant's execution and delivery of this Lease to Landlord.
Delivery of Promissory Note. Contemporaneously with the execution hereof, HTCC has issued and delivered to CIMS a promissory note in the form attached hereto as Exhibit A in the principal amount of $8,374,498 (the "Note"), evidencing HTCC's obligation to pay such amount of accrued fees and expenses due and payable to CIMS under the Management Services Agreement.
Delivery of Promissory Note. If requested by any Lender, execute and deliver a promissory note, in substantially the form of Exhibit A-1, payable to the order of such Revolving Lender, if applicable, in an original principal amount equal to such Lender's Revolving Pro Rata Share of the Revolving Facility Amount, duly executed by the Borrower, a promissory note, in substantially the form of Exhibit A-2 payable to the order of such Term Lender, if applicable, in an original principal amount equal to such Lender's Term Pro Rata Share of the Term Borrowing, duly executed by the Borrower, and a promissory note, in substantially the form of Exhibit A-3, payable to the order of such Term Loan C Lender, if applicable, in an original principal amount equal to such Lender's Term Loan C Pro Rata Share of the Term Loan C Borrowing, duly executed by the Borrower."
Delivery of Promissory Note. Borrower shall have --------------------------- executed and delivered Borrower's Promissory Note to Lender.
Delivery of Promissory Note. If requested by any Lender, execute and deliver a promissory note, in substantially the form of Exhibit A-1, payable to the order of such Revolving Lender in an original principal amount equal to such Lender's Revolving Pro Rata Share of the Revolving Facility Amount on the Closing Date, duly executed by the Borrower, and a promissory note, in substantially the form of Exhibit A-2 payable to the order of each Term Lender in an original principal amount equal to such Lender's Term Pro Rata Share of the Term Borrowing, duly executed by the Borrower;
Delivery of Promissory Note. If requested by any Lender, execute and deliver a promissory note, in substantially the form of Exhibit A, payable to the order of such Lender in a principal amount equal to such Lender's Commitment, duly executed by the Borrower.
