Note Portion Sample Clauses

Note Portion. Thirty percent (30%) of the Customer Base Purchase Price shall be paid in the form of four (4) equally denominated promissory notes payable at the per annum rate of eight percent (8%) in sixty (60) equal consecutive monthly installments, the first of which shall be due on February 1, 1996.
Sample 1
AutoNDA by SimpleDocs
Note Portion. 3.1(b) Note Portion Deficiency....................................................... 5.2(d) Notice of Disagreement........................................................ 5.1(b) Orders........................................................................
Sample 1
Note Portion. At Closing, Purchaser shall pay to Seller, subject to Section 2.3 below, a portion of the Purchase Price (the "Note Portion") by executing and delivering non-interest bearing promissory notes (the "Promissory Notes"), in the form attached hereto as Exhibit B, with a tranche A portion and a tranche B portion in an amount equal to the total Note Portion amount set forth on the Estimated Purchase Price Statement, which amount shall be subject to adjustment to reflect the Final Purchase Price Statement. The Note Portion of the Purchase Price shall be divided into three tranches as follows: tranche A, consisting of the sum of those Note Portion amounts set forth on the Estimated Purchase Price Statement, and as adjusted as provided herein as set forth on the Final Purchase Price Statement, with a "Tranche A" designation; tranche B, consisting of the sum of that Note Portion amount set forth on the Estimated Purchase Price Statement, and as adjusted as provided herein as set forth on the Final Purchase Price Statement, with a "Tranche B" designation; and tranche C, consisting of the amount of the Deferred Portion. Solely tranche A and tranche C of the Note Portion (and not tranche B) shall be subject to reduction by way of offset pursuant to Section 10.3 of this Agreement; provided, however, that in no event shall tranche C of the Note Portion of the Purchase Price be subject to offset pursuant to Section 10.3 hereof at any time prior to the complete satisfaction and discharge (whether as a result of repayment pursuant to Section 2.3 or reduction by offset pursuant to Section 10.3 or any combination thereof) of tranche A of the Note Portion of the Purchase Price. Tranche B of the Note Portion shall be absolute and unconditional and not subject to offset.
Sample 1
Note Portion. Purchaser shall deliver to Stockholder the Convertible Note, dated as of May 1, 1997, which shall be in the principal amount of SEK 10.697.500, with interest at the rate of 5.5% per annum payable quarterly via wire transfer, all due and payable April 30, 2000. The Note shall provide that the principal, together with any accrued interest thereon, may be prepaid, in full or in part, at any time prior to December 31, 1998, and interest shall thereupon cease on the portion so prepaid. The Note shall also provide that (x) at any time after December 31, 1998, the Note will be convertible at the option of the registered holder into shares of the common stock of Purchaser at the rate of one share for each SEK 90 of principal amount to be converted, (y) a holder desiring to convert shall give written notice to Purchaser not later than ten (10) days prior to the end of the term and (z) if not converted or paid in full on or prior to the end of the term the Note will thereupon be due and the conversion right will lapse. Purchaser shall also deliver to Stockholder the Note, dated as of May 1, 1997, which shall be in the principal amount of SEK 10.696.494, with interest at the
Sample 1

Related to Note Portion

  • Senior Prepayment Percentage See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.

  • Loan Interest Zero interest rate

  • Loan Amount Party A agrees, subject to the terms and conditions of this Agreement, to extend the Loan to Party B and Party C in a total amount of RMB 10,000,000, of which 80% shall be for the benefit of Party B and the remaining 20% shall be for the benefit of Party C. The Loan shall be interest-free.

  • Loan Payment Payments of principal, interest, and Late Charges (as defined in the Note) shall be made as provided in the Note.

  • Commitment Percentage With respect to each Lender, the percentage set forth on Schedule 1.1 hereto as such Lender’s percentage of the aggregate Commitments of all of the Lenders, as the same may be changed from time to time in accordance with the terms of this Agreement.

  • Outstanding Balance The balance on Lender's books and records shall be presumptive evidence (absent manifest error) of the amounts owing to Lender by the Borrowers; provided that any failure to record any transaction affecting such balance or any error in so recording shall not limit or otherwise affect the Borrowers' obligation to pay the Obligations.

  • TERMINATION OR OPTIONAL PURCHASE OF ALL CERTIFICATES Section 9.01. Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans.

  • Mandatory Prepayments due to Borrowing Base Deficiency In the event that at any time any Borrowing Base Deficiency shall exist, the Borrower shall, within five Business Days after delivery of the applicable Borrowing Base Certificate, prepay the Loans (or provide Cash Collateral for Letters of Credit as contemplated by Section 2.05(k)) or reduce Other Covered Indebtedness or any other Indebtedness that is included in the Covered Debt Amount at such time in such amounts as shall be necessary so that such Borrowing Base Deficiency is cured; provided that (i) the aggregate amount of such prepayment of Loans (and Cash Collateral for Letters of Credit) shall be at least equal to the Revolving Percentage times the aggregate prepayment of the Covered Debt Amount, and (ii) if, within five Business Days after delivery of a Borrowing Base Certificate demonstrating such Borrowing Base Deficiency, the Borrower shall present the Lenders with a reasonably feasible plan acceptable to the Required Lenders in their sole discretion to enable such Borrowing Base Deficiency to be cured within 30 Business Days (which 30-Business Day period shall include the five Business Days permitted for delivery of such plan), then such prepayment or reduction shall not be required to be effected immediately but may be effected in accordance with such plan (with such modifications as the Borrower may reasonably determine), so long as such Borrowing Base Deficiency is cured within such 30-Business Day period.

  • Commitment Amount With respect to any Portfolio Asset that is a Delayed-Draw Loan as of any date of determination, the maximum outstanding principal amount of such Portfolio Asset that a registered holder of the amount of such Portfolio Asset held by the Issuer would on such date be obligated to fund (including all amounts previously funded and outstanding, whether or not such amounts, if repaid, may be reborrowed).

  • The Loan Subject to and upon the terms and conditions set forth herein, Lender hereby agrees to make and Borrower hereby agrees to accept the Loan on the Closing Date.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!