Issuance of Promissory Notes Sample Clauses

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"). The First Note and the Second Note are at times referred to collectively in this letter agreement as the "Notes").
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Issuance of Promissory Notes. Subject to the effectiveness of the Merger, at the Closing, Purchaser shall issue:
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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:
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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. 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 
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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 Section 2.01 Form........................................................... Section 2.02 Execution, Authentication and Delivery.........................

  • Issuance of the Notes The Notes have been duly authorized and, at the Closing Time, will have been duly executed and, when authenticated, issued and delivered in the manner provided for in the Indenture and delivered against payment of the purchase price therefor as provided in this Agreement, will constitute valid and binding obligations of the Trust, enforceable against the Trust in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be in the form contemplated by, and entitled to the benefits of, the Indenture.

  • 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.

  • Valid Issuance of the Securities At the Closing Time, the Initial Securities and the limited partnership interests represented thereby will be duly authorized by the Partnership Agreement and, when issued and delivered to the Underwriters against payment therefor in accordance with the terms hereof, will be validly issued, fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such non-assessability may be affected by matters described in Xxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx LP Act); and at the Closing Time, the Option Securities and the limited partnership interests represented thereby will be duly authorized for issuance and sale pursuant to the Partnership Agreement and, upon exercise of the option provided in Section 2(b), when issued and delivered by the Partnership to the Underwriters pursuant to Section 2(b), the Option Securities will be validly issued and fully paid and non-assessable (except as such nonassessability may be affected by matters described in Xxxxxxx 00 xx xxx Xxxxxxxx Xxxxxxx LP Act); the Common Units conform to all statements relating thereto contained or incorporated by reference in the Registration Statement, General Disclosure Package and the Prospectus, and such description conforms to the rights set forth in the Partnership Agreement; no holder of the Securities will be subject to personal liability by reason of being such a holder.

  • Use of Proceeds and Letters of Credit The proceeds of the Loans will be used only for general corporate purposes, including, without limitation, refinance of existing debt, working capital, capital expenditures, and acquisitions. 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 general corporate purposes, including, without limitation, refinance of existing debt, working capital, and capital expenditures.

  • 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.

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