Issuance of Promissory Note. On the date hereof, Sub shall issue to Lxxxxx X. Xxxxxx, Lxxxx senior secured lender, a promissory note in the principal amount of $250,000 that bears interest at the applicable federal rate and that is in the form of Exhibit C attached hereto (the “Note”). The Note shall become due and payable within ninety (90) days following the earlier of (a) the termination of the Letter of Intent or the termination of the Definitive Agreement, or (b) upon the failure of Sub to satisfy the Well Funding Requirements, which failure is not cured within sixty (60) days of Sub receiving written notice from Lxxxx of such failure. The Note and all obligations thereunder shall automatically be forgiven if the Merger is consummated.
Issuance of Promissory Note. Within one (1) Business Day immediately after the Closing Date, upon the terms and subject to the conditions set forth herein, (i) Renren agrees to issue to the Company a promissory note dated as of its issuance date (the “Promissory Note”) in the principal amount equal to the amount of the Intercompany Loan as determined under Section 4.8 (the “Principal Amount”), substantially in the form of Exhibit A attached hereto, (ii) and in consideration for the Promissory Note the Company agrees to pay to Renren an amount equal to the Principal Amount, by wire transfer to a bank account designated by Renren on or prior to the Closing.
Issuance of Promissory Note. Each JBrennan Purchaser of Shares shall pay the cash portion, if any, of the purchase price at settlement. In addition, each JBrennan Purchaser shall issue a promissory note, in the form attached hereto as Exhibit D to the DBrennan Seller whereby such JBrennan Purchaser agrees (A) to pay the unpaid portion, if any, of the purchase price, such amount to bear interest at the Interest Rate (as defined in Paragraph 8) and to be paid over ten (10) years in equal annual installments, provided that all amounts payable under the promissory note shall become immediately due and payable on the settlement of a cash sale of stock (including a Public Offering) or assets described in subparagraph 5(c)(ii) if Deferred Consideration with respect to the Shares purchased with such promissory note becomes payable in cash as a result of such sale and (B) to pay any Deferred Consideration payable with respect to such Shares pursuant to subparagraph 5(c) above, and except to the extent such Deferred Consideration is paid or required to be paid in cash, Shares or other property as provided herein, to execute a separate promissory note with respect to such Deferred Consideration within thirty (30) days of the Realization Event which causes such Deferred Consideration to become payable, pursuant to which the Deferred Consideration shall bear interest at the Interest Rate (as defined in Paragraph 8) and be payable over ten (10) years in equal annual installments.
Issuance of Promissory Note. In consideration of the issuance of the Shares by MCII to EACC, USBC hereby agrees to deliver a promissory note to MCII, whereby USBC promises to pay to MCII (the "Holder"), the principal sum of $230,986.59 in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts (the "Note"). USBC further promises to pay interest on the unpaid principal balance hereof at the rate of ten percent (10%) per annum, such interest to be paid annually, on the last day of each year, commencing on December 31, 2002. The principal sum is to be paid three years from the date on which the Note is dated. Interest shall be calculated on the basis of a 360 day year and actual days elapsed.
Issuance of Promissory Note. In return for the assumption by the Company of the Loan in the principal amount identified on the signature page hereof under the applicable Lender’s name, the Company shall issue to the Lender a Promissory Note, as identified on Exhibit B. Notwithstanding anything to the contrary in the Promissory Notes, if there is a conflict between this Agreement and the Promissory Note, this Agreement shall control.
Issuance of Promissory Note. To cause the Parent and its Subsidiaries to issue their joint and several senior subordinated promissory note to the order of each Exercising Lender in the amount of the Put Price for the Put Securities held by such Exercising Lender and subject to the Put, calculated as of the date of the issuance of such promissory note, in form and substance reasonably satisfactory to the Exercising Lender, with a maturity date of twelve (12) months from the date of the Put Notice delivered by the Exercising Lender and an interest rate equal to the Default Rate; or
Issuance of Promissory Note. As a condition to the effectiveness of this Agreement, the Company shall issue to the Licensor a promissory note (the “Promissory Note”) in the form provided as Exhibit A hereto and in the principal amount of $1,200,000.
Issuance of Promissory Note. CVS hereby agrees to issue a promissory note in the amount of US$7,144,519.53 with no interest (a form of which is attached hereto as Exhibit A) to WVM on the Effective Date.
Issuance of Promissory Note. Buyer shall issue to Seller a promissory note (hereinafter the "Note") in the amount of $4,900,000, at the rate of 5% percent, effective when all of the leases on Ute Mountain Ute land have been issued on now existent xxxxx and such amount being less (a) the Cash Compensation; (b) the stock compensation; (c) the total amount of the Outstanding Royalties; and (d) the total amount of the Outstanding Liabilities either assumed or paid. The Note is attached as Exhibit G which further defines the terms.
Issuance of Promissory Note. On July 2, 2015, Supplier executed and delivered to Customer a promissory note in the amount of the Customer Net Receivable Balance (the “Promissory Note”), a Security Agreement securing the note amount against certain assets of Supplier, and an Inter-Creditor Agreement providing that Customer’s lien against Supplier’s assets are a subordinated second lien to the Lender’s security interest in such assets and that, in particular, the lien on such assets in favor of Xxxx are subordinate to that of Customer .
