Issuance of Promissory Notes Sample Clauses

Issuance of Promissory Notes. Concurrently with the execution of this letter agreement, GA will execute and deliver to RadiSys two Promissory Notes, one in the original principal amount of $250,000 in the form of Exhibit A attached to this letter agreement (the "First Note"), and one in the original principal amount of $500,000 in the form of Exhibit B attached to this letter agreement (the "Second Note"
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Issuance of Promissory Notes. Concurrently with the issuance of this letter agreement, GA has executed and delivered to Boundless two Promissory Notes, one in the original principal amount of $250,000 in the form of Exhibit A attached to this letter agreement (the "First Note"), and one in the original principal amount of $500,000 in the form of Exhibit B attached to this letter agreement (the "Second Note"
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Issuance of Promissory Notes. As additional evidence of the Borrower’s obligation to repay the Loan, together with any unpaid interest accrued, as provided in this Agreement, on or prior to the Disbursement Date the Borrower shall execute and deliver to the Administrative Agent for delivery to each Lender (i) a promissory note (xxxxxx incompleto) issued under Peruvian Law and pursuant to article 10 of Peruvian Law Xx. 00000 (Xxx xx Xxxxxxx Xxxxxxx) and Circular Letter No. G-0090-2001 issued by the Superintendency of Banks, Insurance Companies and Pension Fund Administrators, substantially in the form of Exhibit I, made payable to the order of each Lender (each, a “Promissory Note”), and (ii) an irrevocable instruction letter substantially in form of Exhibit I-1(each, an “Instructions Letter”), by which the Borrower authorizes each Lender to complete the Promissory Note issued to its order only in accordance with the rules set forth in its Instructions Letter, provided that an Event of Default has occurred and is continuing and the Majority Lenders have decided to act in accordance with Section 10.1(ii). In case of an assignment performed in accordance with Section 14, upon the request of the assigning Lender, the Borrower, at its own expense, shall (x) if the assigning Lender has not retained any interest in the Loan, execute and deliver in substitution of the assigning Lender’s Promissory Note a new Promissory Note and Instructions Letter to the order of the assignee Lender and the assigning Lender shall, at the option of the Borrower, either destroy its Promissory Note or return it to the Borrower, or; (y) if the assigning Lender has retained an interest in the Loan, execute and deliver a new Promissory Note and Instructions Letter to the order of the assignee Lender. Such new Promissory Note(s) or Instruction Letter(s) shall be dated the effective date of the relevant Assignment and Acceptance and shall otherwise be in substantially the form of Exhibit I and Exhibit I-1 hereto, respectively. In addition, the Parties agree to the following in connection with each Promissory Note: (i) Each Promissory Note will be issued with a “no protest” clause. Without prejudice thereto, each holder may decide to protest it and the Borrower will bear the costs of such protest. (ii) The date of issuance of each Promissory Note will be the Disbursement Date or, in the case of those Promissory Notes issued as a consequence of an assignment, the date on which such assignment is effective in accordance ...
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Issuance of Promissory Notes. Subject to the terms and conditions of this Agreement, at each Closing (as defined below), the Borrower shall issue and sell to each Lender participating in such Closing a 12% unsecured promissory note (each such note, a “Note” and collectively, the “Notes”) in the principal amount (the “Principal Amount”) equal to the amount set forth below Lender’s name on the signature page of this Agreement and on Schedule A attached hereto, against payment by such Lender to the Company of the Principal Amount. The Notes shall each be in the form of Exhibit A attached hereto. Capitalized but otherwise undefined terms used herein shall have the meanings provided therefor in the Notes.
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Issuance of Promissory Notes. Subject to the effectiveness of the Merger, at the Closing, Purchaser shall issue: (a) a $1,800,000 promissory note in, or substantially in, the form annexed hereto as Exhibit 2.8(a), to the recipient set forth on Schedule 2.8. (b) a $1,200,000 promissory note in, or substantially in, the form annexed hereto as Exhibit 2.8(b), to the recipient set forth on Schedule 2.8.
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Issuance of Promissory Notes. Simultaneously with the making of any Advance, the Borrowers shall deliver original Promissory Notes in accordance with the provisions of Clause 5.5 (Evidence of debt).
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Issuance of Promissory Notes 
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Related to Issuance of Promissory Notes

  • Issuance of Debt On the date of receipt by Holdings or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Holdings or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1), the Borrower shall prepay the Loans in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

  • Issuance of Notes The Owner Trustee is hereby authorized and directed on behalf of the Trust to execute, issue and deliver the Notes pursuant to the Indenture.

  • Original Issuance of Notes 3 Section 2.01 Form..............................................................................3 Section 2.02 Execution, Authentication and Delivery............................................3 Section 2.03

  • Issuance of Note Subject to all of the terms and conditions hereof, the Company agrees to issue and sell to the Investor, and the Investor agrees to purchase from the Company, a Note in the principal amount set forth opposite such Investor’s name on the signature page hereto.

  • Issuance of the Securities The Securities are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents. The Underlying Shares, when issued in accordance with the terms of the Transaction Documents, will be validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents. The Company has reserved from its duly authorized capital stock a number of shares of Common Stock for issuance of the Underlying Shares at least equal to the Required Minimum on the date hereof.

  • Use of Proceeds; Letters of Credit The Borrower will not permit the proceeds of any Advance or Letters of Credit to be used for any purpose other than those permitted by Section 5.09. The Borrower will not engage in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U). Neither the Borrower nor any Person acting on behalf of the Borrower has taken or shall take, nor permit any of the Borrower’s Subsidiaries to take any action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect, including without limitation, the use of the proceeds of any Advance or Letters of Credit to purchase or carry any margin stock in violation of Regulation T, U or X.

  • Use of Proceeds and Letters of Credit The proceeds of the Loans will be used only (i) to refinance amounts outstanding under the Existing Credit Agreement; (ii) to pay the fees, expenses and other transaction costs of the Transactions contemplated hereby, (iii) to fund working capital needs, (iv) to fund acquisitions permitted hereunder, together with related expenses, and engage in other transactions permitted hereby, (v) to provide funding in connection with capital expenditures, (vi) to make Restricted Payments permitted hereunder and (vii) for general corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the working capital needs and general corporate obligations of the Borrower and its Subsidiaries relating to their respective lines of business. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States, or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

  • Issuance of the Bonds The Authority shall issue the Bonds under and in accordance with the Indenture, subject to the provisions of the bond purchase agreement among the Authority, the initial purchaser or purchasers of the Bonds and the Company. The Company hereby approves the issuance of the Bonds and all terms and conditions thereof.

  • Issuance of New Notes Whenever the Company is required to issue a new Note pursuant to the terms hereof, such new Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the Principal remaining outstanding (or in the case of a new Note being issued pursuant to Section 5(4)(a) or Section 5(4)(c), the Principal designated by the Holder which, when added to the Principal represented by the other new Note issued in connection with such issuance, does not exceed the Principal remaining outstanding under this Note immediately prior to such issuance of new Note), (iii) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, and (v) shall represent accrued and unpaid Interest from the Issuance Date.

  • Issuance of Additional Notes The Issuers shall be entitled, subject to their compliance with Section 4.09, to issue Additional Notes under this Indenture which shall have identical terms as the Initial Notes issued on the Initial Issuance Date, other than with respect to the date of issuance, issue price and the date from which interest begins to accrue. The Initial Notes issued on the Initial Issuance Date, any Additional Notes and all Exchange Notes issued in exchange therefor shall be treated as a single class for all purposes under this Indenture, including, without limitation, waivers, consents, directions, declarations, amendments, redemptions and offers to purchase. With respect to any Additional Notes, the Issuers shall set forth in an Officers’ Certificate, which shall be delivered to the Trustee, the following information: (1) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; (2) the issue price, the issue date and the CUSIP number and any corresponding ISIN of such Additional Notes; and (3) whether such Additional Notes shall be Transfer Restricted Securities and issued in the form of Initial Notes as set forth in Exhibit 1 to the Appendix to this Indenture or shall be issued in the form of Exchange Notes as set forth in Exhibit A to the Appendix.

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