Delivery of Promissory Notes. On or prior to the Closing Date, in respect of each Bank Loan owned by the Borrower that is evidenced by a promissory note, but excluding any Participation Interests, the Borrower will deliver the original of such promissory note to the Custodian, to be held by the Custodian as agent and bailee of the Administrative Agent pursuant to the Custodial Agreement. Thereafter, promptly upon its acquisition of any interest in a Bank Loan that is evidenced by a promissory note, but excluding any Participation Interests, the Borrower will deliver the original of such promissory note to the Custodian, to be held by the Custodian as agent and bailee of the Administrative Agent pursuant to the Custodial Agreement.
Delivery of Promissory Notes. Each Bank shall promptly, and in any event not later than three Business Days after the Closing Date, surrender to the Borrower for subsequent cancellation any promissory notes issued to such Bank under the Existing 2007 Credit Agreement (or provide a lost note affidavit in respect thereof).
Delivery of Promissory Notes. On or prior to the Closing Date, in respect of each Bank Loan owned by the Borrower that is evidenced by a promissory note, but excluding any Participation Interests, the Borrower will deliver the original of such promissory note to the Custodian, to be held by the Custodian as agent and bailee of the Administrative Agent pursuant to the Custodial Agreement and, if applicable, credited to the Custodial Account. Thereafter, promptly upon its acquisition of any interest in a Bank Loan that is evidenced by a promissory note, but excluding any Participation Interests, the Borrower will deliver the original of such promissory note to the Custodian, to be held by the Custodian as agent and bailee of the Administrative Agent pursuant to the Custodial Agreement.
Delivery of Promissory Notes. At Closing, LSAI shall make, issue and ---------------------------- deliver to Dekirmenjian a promissory note in the form attached hereto as Exhibit A-1 (the "Dekirmenjian Promissory Note") in the principal sum of $319,000 (the "Dekirmenjian Note Principal") and to Xxxxxx a promissory note in the form attached hereto as Exhibit A-2 (the "Xxxxxx Promissory Note") in the principal sum of $319,000 (the "Xxxxxx Note Principal"). Collectively the Dekirmenjian Promissory Note and the Xxxxxx Promissory Note are referred to herein as the "Promissory Notes" and the Dekirmenjian Note Principal and the Xxxxxx Note Principal are sometimes referred to herein as the "Note Principal"). The Note Principal of each Promissory Note shall be subject to adjustment as follows:
Delivery of Promissory Notes. Solely with respect to Exchange Investors, the original Promissory Notes being exchanged for the Securities attributable to such Exchange Investor, or an indemnification undertaking with respect to such Promissory Note in the event of the loss, theft or destruction of such Promissory Note, shall have been delivered to the Company on the applicable Closing Date.
Delivery of Promissory Notes. 42 6.16 Change of Name; Liquidation.................................. 42 6.17 Buyer's Financial Statements................................. 42 ARTICLE VII CONDITIONS PRECEDENT TO THE SELLERS' AND THE SHAREHOLDERS' PERFORMANCE
Delivery of Promissory Notes. Immediately following the Closing, the Buyer shall execute and deliver to the Shareholders, as appropriate, promissory notes in amounts and upon terms and conditions substantially similar to those attached hereto as Exhibits 6.15(A) and 6.15(B), and the Shareholders shall simultaneously deliver to the Buyer the originals of all of the notes or other evidences of indebtedness, marked canceled, which are being replaced by the promissory notes delivered by the Buyer hereunder.
Delivery of Promissory Notes. (a) Along with the Disbursement Request, the Joint Obligors shall deliver to each of the Lenders: (1) blank promissory notes with their respective letters of instructions, which shall be duly executed and issued in Colombia by the Borrower, and by the Parent Guarantor and the Original Subsidiary Guarantors (except for the Original Subsidiary Guarantors incorporated under the laws of El Salvador) as guarantors, in the form and content of Schedule 2. 02(iv)(a)(1) - Colombian Promissory Notes, and governed by Colombian law (the “Colombian Promissory Notes”); and (2) promissory notes in favor of each Lender and governed by the laws of El Salvador, which shall be executed and issued in El Salvador by Procaps, S. A. de C.V. in the form and content of Schedule 2.02(iv)(a)(2) - El Salvador Promissory Notes and governed by Xxxxxxxxxx xxx (the “El Salvador Promissory Notes” and together with the Colombian Promissory Notes, the “Promissory Notes”).
Delivery of Promissory Notes. OGTX shall execute and deliver to each of Xxxxxxx Xxxxxxxx and Xxxx Xxxxxxx a convertible promissory note in the principal amount of $250,000 in form and substance satisfactory to Xxxxxxx Xxxxxxxx and Xxxx Xxxxxxx, respectively, each of which shall be payable within 12 months from the date of the Closing with interest at an annual rate of eight percent (8%) (the “Promissory Notes”).
Delivery of Promissory Notes. IVT shall deliver to Johnxxxx, xxncurrently with the execution and delivery of this Agreement, two separate promissory notes, the first of which shall be in the principal amount of $6,000 and shall be dated as of August 19, 1994 with a maturity date of August 19, 1997 and the second of which shall be in the principal amounts of $10,000 and shall be dated as of February 24, 1994 with a maturity date of February 24, 1998, which Promissory Notes shall be in substantially the same form as the Existing Note (except as set forth above and except that Sections 2, 3.3 and 5.5 of the Existing Notes shall be deleted).
