Note Payment. Notes with aggregate principal amount equal to the Closing Note Amount shall be delivered to the Shareholders, with each Shareholder receiving a Note with an original principal amount as set forth below: $ 3,250,000 $ 1,350,000 $ 1,350,000 $ 485,000 $ 65,000
Note Payment. Notwithstanding the provisions of Section 6.6 herein, Parent shall cause the Partnership to pay to Xxxxx X. Xxxxxx an amount in cash equal to $191,000 to prepay certain outstanding indebtedness owed to Xx. Xxxxxx, with any such payment to be made on the Payment Date. Further, interest on the Xxxxxx Note shall begin accruing on the Control Date, with the first monthly payment of principal and interest to be paid in accordance with the terms set forth in the Xxxxxx Note and in equal monthly installments thereafter until paid in full.
Note Payment. Upon receipt of the Debenture and the cashier's check described herein in payment of the Note, WEDGE shall return the fully executed Note, marked cancelled, and cause all collateral securing the Note to be released, including, without limitation, the release of and return to the Company of all title documents to vehicles held by WEDGE as collateral.
Note Payment. The Company agrees that, so long as any Purchaser shall hold any Note, it will make payments of principal of, interest on and any Make Whole Amount payable with respect to such Note, which comply with the terms of this Agreement, by wire transfer of immediately available funds for credit (not later than 12:00 noon, New York City time, on the date due) to the account or accounts as specified in the Purchaser Schedule attached hereto or such other account or accounts in the United States as any Purchaser may designate in writing, notwithstanding any contrary provision herein or in any Note with respect to the place of payment. Each Purchaser agrees that, before disposing of any Note, such Purchaser will make a notation thereon (or on a schedule attached thereto) of all principal payments previously made thereon and of the date to which interest thereon has been paid. The Company agrees to afford the benefits of this paragraph 8.1 to any transferee of any Note which shall have made the same agreement as made in this paragraph 8.1.
Note Payment. CGI shall pay Callida a cash payment of [*] on or before [*], and Callida shall pay, on behalf of [*] or on its own behalf, in full the promissory notes issued by [*] to [*], and [*] on [*] (the “Notes”), which Notes were issued in connection with the Security Agreement entered into on [*] between Callida, [*] (the “Security Agreement”). In addition, prior to the above date, CGI will pay to Callida an amount equal to any interest due under the Notes upon thirty (30) days of written notice from Callida that such interest is due and payable under the Notes (the “Interest Payment”), and Callida shall pay, on behalf of [*] or on its own behalf, such interest.
Note Payment. On the Closing Date, immediately following the LSH Closing, LSAC shall pay the Note by payment of cash in the amount of its obligations under the Note by wire transfer of(i) $39,800,000 in accordance with the Escrow Agreement in the form attached as Exhibit 1.12 hereto (the "Escrow Agreement"), and (ii) the balance to the Representative for the benefit of the LS Selling Stockholders. The proceeds of the Note (including any amounts released from escrow in accordance with the Escrow Agreement) (the "Note Proceeds") shall be allocated among the outstanding shares of Lear Xxxgxxx Xxxmon Stock in accordance with the Company's Amended and Restated Certificate of Incorporation as though there were a dissolution, liquidation or winding-up of the Company, assuming the assets available for distribution in respect of such outstanding shares of Lear Xxxgxxx Xxxmon Stock were equal to the amount of the Note Proceeds.
Note Payment. The Note, as hereby renewed and extended, shall be due and payable as follows:
(i) Commencing on the last Business Day of April, 1999, and continuing regularly and quarterly thereafter on the last Business Day of each fiscal quarter until the earlier of July 16, 1999 (the "Construction Loan Maturity Date") or the Conversion Date, interest only at the Construction Loan Rate on the outstanding principal, shall be due and payable; and
(ii) A final installment in the amount of all outstanding principal, plus accrued and unpaid interest, shall be due and payable on the Construction Loan Maturity Date, unless the Borrower satisfies the conditions of converting the Construction Loan to the Term Loan described in Section 2.5 of the Loan Agreement and elects to convert the Construction Loan to the Term Loan in the manner therein described, in which case the Borrower shall pay interest only at the Construction Loan Rate on the outstanding principal on the Conversion Date. If the undersigned satisfies the conditions of converting the Construction Loan to the Term Loan described in Section 2.5 of the Loan Agreement, and elects to convert the Construction Loan to the Term Loan in the manner therein described, the Borrower shall repay the unpaid principal amount of the Loan, plus interest thereon, as follows:
(i) On the last Business Day of the first full three (3) month period after the Conversion Date, and continuing regularly and quarterly thereafter on the last Business Day of each and every three (3) month period until September 30, 2006 (the "Term Loan Maturity Date"), quarterly payments of principal shall be made as set forth in Exhibit A, together with all accrued and unpaid interest on the Term Loan at the Term Loan Rate; and
(ii) A final installment in the amount of all outstanding principal, plus all accrued and unpaid interest thereon at the Term Loan Rate and any other unpaid amounts due and payable to the Lender, shall be due and payable on the Term Loan Maturity Date.
Note Payment. Lender agrees, notwithstanding any provisions of Sections 3.4 and 3.5 of the Loan Agreement to the contrary, to accept $1,075,425.36 as full payment and satisfaction of all of the Notes (including any Contingent Payment) (the “Note Payment”). Lender agrees that Borrower will retain an additional $500,000 from the proceeds of the sale of certain remaining Assets to North Star Capital Acquisition LLC.
Note Payment. The Company has or anticipates issuing a Note to Wtech Holdings, LLC, (the "Noteholder") in the face amount of $ 20.0 million (the "Wtech Note"). The New Employment Agreement will provide that if more than $10.2 million of principal payments are made by the Company on the Wtech Note then either (x) the Parent or the Company will make a cash payment to Stockholder in an amount equal to 22.5% of the amount of any principal payment in excess of $10.2 million, or (y) Parent will issue a number of additional shares of equity of Parent with a value equal to the payment described in (x) above. If any equity is issued to Stockholder pursuant to the provision described in this clause (iv) such equity will be subject to the same vesting schedule, repurchase rights and transfer restrictions described in clause (ii) above. Any forgiveness of any portion of the Note by the Noteholder will not constitute a payment of principal for this purpose.
