Purchase Notes purchase or otherwise acquire any Note or Notes; or
Purchase Notes. A series of 8% senior secured convertible promissory notes in the aggregate principal amount of Thirty Million ($30,000,000) Dollars, constituting the Purchase Notes, that are fully subject and subordinated to Senior Secured Debt owed under the ExWorks Loan Agreement but are secured by a subordinated pledge by the Company of the acquired THC capital stock and an unconditional and irrevocable guaranty from THC and the Subsidiaries of THC in favor of the Holders of the Sellers Purchase Notes. Schedule 4.20
Purchase Notes. 3 Customer..............................15
Purchase Notes. At Closing and pursuant to Section 3.3, Hightimes and Buyer, as co-makers, shall deliver to each of the Shareholders an 8% convertible secured term note in the form of Exhibit A annexed hereto (the “Purchase Notes”). The Purchase Notes shall be in the aggregate amount of Five Million Three Hundred Fifty Thousand Dollars ($5,350,000), of which $374,500 shall be payable to Kronos Capital and the balance shall be payable to the Shareholders. Such Purchase Notes shall:
Purchase Notes. On the Closing Date, Buyer shall deliver to Seller the executed purchase notes in the forms attached hereto as Exhibit 1.3(c). ARTICLE 7
Purchase Notes. On the Closing Date, in addition to the Closing Cash Payment and the shares of Class A Common Stock (as defined below), the Purchaser shall issue to the Shareholders, the Purchaser’s promissory notes in aggregate of Six Hundred and Fifty Six Thousand ($656,000) Dollars in principal amount; which promissory notes shall (i) mature in three (3) years and carry an eight percent (8%) interest rate per annum; (ii) be payable in twelve (12) equal quarterly installments of principal plus accrued interest, (iii) be subject to mandatory prepayment out of the net proceeds, if any, received by Boxlight in connection with a debt or equity financing of $10,000,000 or more, and (iv) be in the form of the promissory note annexed hereto as Exhib A and made a part hereof (collectively, the “Purchase Notes”).
Purchase Notes. The total consideration payable by Buyer to Sellers for the sale, conveyance, transfer, assignment, set-over and delivery of the Seller Shares and the Loan Interests in accordance with Sections 2.01 and 2.02 shall be as follows:
Purchase Notes. Upon receipt of instructions from the Company, the Agent will forthwith suspend solicitation of offers to purchase Notes from the Company until such time as the Company has advised them that such solicitation may be resumed. The Company agrees to pay the Agent a commission, on the Closing Date with respect to each sale of Notes by the Company as a result of a solicitation made by the Agent, in an amount equal to that percentage specified in Schedule I hereto of the aggregate principal amount of the Notes sold by the Company. Such commission shall be payable as specified in the Procedures. Subject to the provisions of this Section and to the Procedures, offers for the purchase of Notes may be solicited by the Agent as agent for the Company at such time and in such amounts as the Agent deems advisable. The Company expressly reserves the right to sell Notes directly to investors and to enter into other agreements with respect to sales of Notes, provided, that any such agreement shall be on terms that are substantially identical to the terms of this Agreement. The Agent may also purchase Notes from the Company as principal for purposes of resale, as more fully described in paragraph (b) of this Section. If the Company shall default in its obligations to deliver Notes to a purchaser whose offer it has accepted, the Company shall indemnify and hold you harmless against any loss, claim or damage arising from or as a result of such default by the Company.
Purchase Notes. You may elect to receive additional Performance Notes in lieu of from 5% to 100% (in 5% increments) of the cash that you receive for your Performance Units pursuant to Section 5 below (the "Discount Note Program"). The number of Performance Notes issued will equal 103% of the value of the Performance Units that you take in the form of Performance Notes, divided by 85% of the value of the Notes on January 1, 1999. The Performance Notes issued pursuant to the Discount Note Program will have the same value and performance period as Performance Notes issued at the same time pursuant to the Annual Incentive Award Plan. You must make your election to convert the proceeds of Performance Units into additional Performance Notes at the same time and in the same manner as the election to defer awards pursuant to Section 6. 4. VESTING.
Purchase Notes
