Principal Amount of Note Sample Clauses

Principal Amount of Note. The principal amount of the loans to be extended pursuant to this Secured Note is $2,300,000 (the “Total Commitment Amount”), which shall be made available to the Borrower in two tranches, subject to the prior satisfaction of all conditions to borrowing in this Secured Note, as follows: (a) on or after July 17, 2024, the Borrower may borrow up to $500,000 of the Total Commitment Amount (the “First Loan”), and (b) on or after August 7, 2024, the Borrower may borrow up $1,800,000 of the Total Commitment Amount (the “Second Loan”, and together with the First Loan, the “Loans”; each date on which the Borrower borrows a Loan (i.e., receives Loan funds), a “Borrowing Date”). Any amounts repaid may not be re-borrowed. The Lender may, in its sole and absolute discretion, agree to provide additional convertible debt financing under this Secured Note, subject to mutual agreement between the Lender and the Borrower on the terms of such additional financing. The Loans must be borrowed prior to September 1, 2024, or the commitment of the Lender and this Secured Note shall terminate (the “Outside Date”). If no Loans are made under this Secured Note, the Borrower shall have no repayment obligations hereunder.
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Principal Amount of Note. (a) Subject to the provisions hereof, the aggregate principal amount of the Note authorized to be advanced by the Company to Sundial shall be $7,000,000 (the “Principal Amount”) and such Principal Amount shall be advanced by the Company upon, and subject to, the conditions and limitations herein set forth. (b) Sundial hereby covenants and agrees that the Principal Amount shall be used to: (i) fund the construction of the Cultivation Facility; and (ii) for working capital purposes, specifically related to the construction of the Cultivation Facility.
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Principal Amount of Note. All references in the note to "$50,000,000.00" or to "Fifty Million and NO/100 Dollars" are hereby amended to read "$150,000,000.00" and "One Hundred Fifty Million and NO/100 Dollars" respectively.
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Principal Amount of Note. Borrower acknowledges and understands that notwithstanding the stated principal amount of the Note, Lender’s obligation to fund Loans is limited for all purposes to the terms and conditions of this Agreement, including but not limited to, availability under the Borrowing Base Amount then in effect.
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Principal Amount of Note. The Lender hereby issues this Note to Borrower for an amount up to and including, but not to exceed, Four hundred and four thousand and one hundred and thirteen dollars ($404,113.00). The principal balance is all advances, disbursements, expenditures, and payments made by the Lender to the Borrower for the Project.
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Principal Amount of Note. The principal amount of the Note shall be increased from SIX MILLION AND NO/100THS ($6,000,000.00) DOLLARS to TEN MILLION AND NO/100THS ($10,000,000.00) DOLLARS as of the date of this Modification.
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Principal Amount of Note. The principal amount of the loans committed by Lender to be extended pursuant to this Secured Note is $3,000,000 (the “Total Commitment Amount”), which shall be made available to the Borrower in two tranches, subject to the prior satisfaction of all conditions to borrowing in this Secured Note, as follows: (a) $2,000,000 of the Total Commitment Amount within one (1) Business Day (as defined below) of the execution of this Secured Note (the “First Loan”, and (b) on or after December 22, 2024, the Borrower may borrow up to an additional $1,000,000 of the Total Commitment Amount (the “Second Loan”, together the “Loans”; each date on which the Borrower borrows a Loan (i.e., receives Loan funds), a “Borrowing Date”). Any amounts repaid may not be re-borrowed. The Borrowing Notice for the Second Loan must provide that the Second Loan be funded before February 14, 2025, (the “Outside Date”), or the commitment of the Lender to extend the Second Loan shall terminate.
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Principal Amount of Note. The principal amount of the loans committed by Lender to be extended pursuant to this Secured Note is $3,000,000 (the “Total Commitment Amount”), which shall be made available to the Borrower in two tranches, subject to the prior satisfaction of all conditions to borrowing in this Secured Note, as follows: (a) $2,000,000 of the Total Commitment Amount within one (1) Business Day (as defined below) of the execution of this Secured Note (the “First Loan”) and (b) $1,000,000 of the Total Commitment Amount on one or more agreed dates between November 27, 2024 and December 1, 2024 (the “Second Loan”, together the “Loans”; each date on which the Borrower borrows a Loan (i.e., receives Loan funds), a “Borrowing Date”). Any amounts repaid may not be re-borrowed. The Borrower hereby agrees that Xxxxxx may reserve out of the Second Loan the amount of the principal and interest due by Borrower to Lender on December 1, 2024, pursuant to Section 3 of the Prior Secured Note as payment for such obligations under the Prior Secured Note, and that only the remaining balance of the Second Loan shall be delivered to the Borrower by wire transfer of immediately available funds.”
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Related to Principal Amount of Note

  • Designation and Principal Amount There are hereby authorized two new series of Securities, to be designated the “7.000% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series A, due 2055,” (the “Series A Notes”) and “6.850% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series B, due 2055,” (the “Series B Notes,” collectively, the “Notes”) in the initial aggregate principal amount of $400,000,000 and $400,000,000, respectively, which amount shall be set forth in any written orders of the Company for the authentication and delivery of Notes pursuant to Section 3.01 of the Base Indenture and Section 6.01 hereof. The Company may, without the consent of the Holders, create and issue an unlimited amount of additional Notes of a given series ranking equally with the Notes of such series in all respects and having the same terms (except for the price to public, the issue date and the initial interest accrual date and the first interest payment date, as applicable) as the Notes of such series, so that such additional Notes shall be consolidated and form a single series with, and shall have the same terms as to status, redemption or otherwise as, the Notes of such series authenticated and delivered on the date hereof. Such additional Notes will have the same CUSIP number as the Notes of a given series being authenticated on the date hereof, provided that such additional Notes of such series must be part of the same issue as the Notes of such series being authenticated on the date hereof for U.S. federal income tax purposes or, if they are not part of the same issue for such purposes, such additional Notes of such series must be issued with a separate CUSIP number. No additional Notes of a series may be issued if an Event of Default has occurred and is continuing with respect to the Notes of such series.

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