Common use of Note Purchase Clause in Contracts

Note Purchase. Subject to the terms and conditions of this Agreement, at the Initial Closing (as defined below) or any Additional Closing(s) (as defined below), as applicable, the Company agrees to sell to each Lender, and each Lender severally agrees to purchase from the Company, a Note in the "Principal Amount" set forth opposite such Lender's name on the Schedule of Lenders (each, the “Principal Amount”).