Common use of Note Purchase Commitments; Purchase and Sale of the Notes Clause in Contracts

Note Purchase Commitments; Purchase and Sale of the Notes. Subject to the terms and conditions hereof: ​ (i) on the Closing Date, Company agrees that it will issue and sell to Purchasers, and each Purchaser severally agrees that it will purchase from Company, Notes in an aggregate original principal amount equal to such Purchaser’s Initial Notes Purchase Commitment; and (ii) on the Additional Notes Closing Date, Company agrees that it will issue and sell to Purchasers, and each Purchaser severally agrees that it will purchase from Company, one or more Additional Notes in an aggregate original principal amount not to exceed such Purchaser’s Additional Notes Purchase Commitment immediately prior to giving effect to the purchase of any such Additional Notes. Subject to Section 2.13, all amounts owed hereunder with respect to the Initial Notes and the Additional Notes shall be Paid in Full no later than the Maturity Date. Each Purchaser’s Initial Notes Purchase Commitment shall terminate immediately and fully without further action by any Person upon the issuance by Company of such Notes and purchase pursuant to such Purchaser’s Initial Notes Purchase Commitment on the Closing Date. Each Purchaser’s Additional Notes Purchase Commitment shall terminate immediately and fully without further action by any Person upon the issuance by Company of such Additional Notes and purchase pursuant to such Purchaser’s Additional Notes Purchase Commitment on the Additional Notes Closing Date.

Appears in 1 contract

Samples: Note Purchase Agreement (CAPSTONE TURBINE Corp)

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Note Purchase Commitments; Purchase and Sale of the Notes. Subject to the terms and conditions hereof: ​: (i) on the Closing Date, Company agrees that it will issue and sell to Purchasers, and each Purchaser severally agrees that it will purchase from Company, Notes in an aggregate original principal amount equal to such Purchaser’s Initial Notes Purchase Commitment; and (ii) on the Additional Notes Closing Date, Company agrees that it will issue and sell to Purchasers, and each Purchaser severally agrees that it will purchase from Company, one or more Additional Notes in an aggregate original principal amount not to exceed such Purchaser’s Additional Notes Purchase Commitment immediately prior to giving effect to the purchase of any such Additional Notes. Subject to Section 2.13, all amounts owed hereunder with respect to the Initial Notes and the Additional Notes shall be Paid in Full no later than the Notes Maturity Date. Each Purchaser’s Initial Notes Purchase Commitment shall terminate immediately and fully without further action by any Person upon the issuance by Company of such Notes and purchase pursuant to such Purchaser’s Initial Notes Purchase Commitment on the Closing Date. Each Purchaser’s Additional Notes Purchase Commitment shall terminate immediately and fully without further action by any Person upon the issuance by Company of such Additional Notes and purchase pursuant to such Purchaser’s Additional Notes Purchase Commitment on the Additional Notes Closing Date.

Appears in 1 contract

Samples: Note Purchase Agreement (Capstone Green Energy Corp)

Note Purchase Commitments; Purchase and Sale of the Notes. Subject to the terms and conditions hereof: ​: (i) on the Closing Date, Company agrees that it will issue and sell to Purchasers, and each Purchaser severally agrees that it will purchase from Company, Notes in an aggregate original principal amount equal to such Purchaser’s Initial Notes Purchase Commitment; and; (ii) on the Additional Notes Closing Date, Company agrees that it will issue and sell to Purchasers, and each Purchaser severally agrees that it will purchase from Company, one or more Additional Notes in an aggregate original principal amount not to exceed such Purchaser’s Additional Notes Purchase Commitment immediately prior to giving effect to the purchase of any such Additional Notes; and (iii) on the Pre-Funding Notes Closing Date, Company agrees that it will issue and sell to Purchasers, and each Purchaser severally agrees that it will purchase from Company, one or more Pre-Funding Notes in an aggregate original principal amount equal to such Purchaser’s Pre-Funding Notes Purchase Commitment. Subject to Section 2.13, all amounts owed hereunder with respect to the Initial Notes the Additional Notes, and the Additional Pre-Funding Notes shall be Paid in Full no later than the Notes Maturity Date. Each Purchaser’s Initial Notes Purchase Commitment shall terminate immediately and fully without further action by any Person upon the issuance by Company of such Notes and purchase pursuant to such Purchaser’s Initial Notes Purchase Commitment on the Closing Date. Each Purchaser’s Additional Notes Purchase Commitment shall terminate immediately and fully without further action by any Person upon the issuance by Company of such Additional Notes and purchase pursuant to such Purchaser’s Additional Notes Purchase Commitment on the Additional Notes Closing Date. Each Purchaser’s Pre-Funding Notes Purchase Commitment shall terminate immediately and fully without further action by any Person upon the issuance by Company of such Pre-Funding Notes and purchase pursuant to such Purchaser’s Pre-Funding Notes Purchase Commitment on the Pre-Funding Notes Closing Date.

Appears in 1 contract

Samples: Note Purchase Agreement (Capstone Green Energy Corp)

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Note Purchase Commitments; Purchase and Sale of the Notes. Subject to the terms and conditions hereof: ​: (i) on the Closing Date, Company agrees that it will issue and sell to Purchasers, and each Purchaser severally agrees that it will purchase from Company, Notes in an aggregate original principal amount equal to such Purchaser’s Initial Notes Purchase Commitment; and (ii) on and/or after the Closing Date and on or prior to the Additional Notes Closing Purchase Commitment Termination Date, Company agrees that it will issue and sell to Purchasers, and each Purchaser severally agrees that it will purchase from Company, one or more Additional Notes in an aggregate original principal amount not to exceed such Purchaser’s Additional Notes Purchase Commitment immediately prior to giving effect to the purchase of any such Additional Notes. Subject to Section 2.13, all amounts owed hereunder with respect to the Initial Notes and the Additional Notes shall be Paid in Full no later than the Initial Notes Maturity Date and Additional Notes Maturity Date, respectively. Each Purchaser’s Initial Notes Purchase Commitment shall terminate immediately and fully without further action by any Person upon the issuance by Company of such Notes and purchase pursuant to such Purchaser’s Initial Notes Purchase Commitment on the Closing Date. Each Purchaser’s Additional Notes Purchase Commitment shall (x) automatically and permanently be reduced by the amount of each Additional Note purchased hereunder, and (y) terminate immediately and fully without further action by any Person upon on the issuance by Company of such Additional Notes and purchase pursuant to such Purchaser’s Additional Notes Purchase Commitment on the Additional Notes Closing Termination Date.

Appears in 1 contract

Samples: Note Purchase Agreement (Catasys, Inc.)

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