Common use of Purchase of the Note Clause in Contracts

Purchase of the Note. Subject to the terms of this Agreement, for consideration of up five hundred thousand Dollars ($500,000) in cash (the “Consideration”) to be paid in one or more tranches (each, a “Tranche”) with the first Tranche in the amount of not less than two hundred fifty thousand Dollars ($250,000) paid on the Issue Date (as defined in the Note), and the remainder pursuant to the terms described in the Note, the Purchaser agrees to subscribe for and purchase from the Company on the Closing Date (as hereinafter defined), and the Company agrees to issue and sell to the Purchaser, the Note. The OID shall be earned upon each Tranche on a pro-rata basis. (For example: upon the advance of the first Tranche, twenty seven thousand seven hundred seventy seven and 78/100 Dollars ($27,777.78) shall be added to the principal amount of the outstanding Note in addition to the amount advanced, and the total amount owed, or the total principal amount, shall be two hundred seventy seven thousand seven hundred seventy seven and 78/100 Dollars ($277,777.78).

Appears in 1 contract

Samples: Securities Purchase Agreement (Community Redevelopment Inc.)

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Purchase of the Note. Subject to the terms of this Agreement, for consideration of up to one million five hundred thousand Dollars ($500,0001,500,000) in cash (the “Consideration”) to be paid in one or more tranches (each, a “Tranche”) with the first Tranche in the amount of not less than two five hundred fifty thousand Dollars ($250,000500,000) paid on the Issue Date (as defined in the Note), and the remainder pursuant to the terms described in the Note, the Purchaser agrees to subscribe for and purchase from the Company on the Closing Date (as hereinafter defined), and the Company agrees to issue and sell to the Purchaser, the Note. The OID shall be earned upon each Tranche on a pro-rata basis. ([For example: upon the advance of the first Tranche, twenty seven sixty eight thousand seven one hundred seventy seven eighty one and 78/100 82/100 Dollars ($27,777.7868,181.82) shall be added to the principal amount of the outstanding Note in addition to the amount advanced, and the total amount owed, or the total principal amount, shall be two five hundred seventy seven sixty eight thousand seven one hundred seventy seven eighty one and 78/100 82/100 Dollars ($277,777.78568,181.82)].

Appears in 1 contract

Samples: Securities Purchase Agreement (Good Hemp, Inc.)

Purchase of the Note. Subject to the terms of this Agreement, for consideration of up five hundred thousand Dollars to one million dollars ($500,0001,000,000) in cash (the “Consideration”) to be paid in one or more tranches (each, a “Tranche”) with the first Tranche in the amount of not less than two five hundred fifty thousand Dollars ($250,000500,000.00) paid on the Issue Date (as defined in the Note), and the remainder pursuant to the terms described in the Note, the Purchaser agrees to subscribe for and purchase from the Company on the Closing Date (as hereinafter defined), and the Company agrees to issue and sell to the Purchaser, the Note. The OID shall be earned upon each Tranche on a pro-rata basis. (For example: upon the advance of the first Tranche, twenty seven fifty thousand seven hundred seventy seven and 78/100 Dollars dollars ($27,777.7850,000.00) shall be added to the principal amount of the outstanding Note in addition to the amount advanced, and the total amount owed, or the total principal amount, shall be two five hundred seventy seven fifty thousand seven hundred seventy seven and 78/100 Dollars dollars ($277,777.78550,000.00).

Appears in 1 contract

Samples: Securities Purchase Agreement (Bloomios, Inc.)

Purchase of the Note. Subject to the terms of this Agreement, for consideration of up five to one hundred fifty thousand Dollars ($500,000150,000) in cash (the “Consideration”) to be paid in one or more tranches (each, a “Tranche”) with the first Tranche in the amount of not less than two hundred fifty thousand Dollars ($250,00050,000) paid on the Issue Date (as defined in the Note), and the remainder pursuant to the terms described in the Note, the Purchaser agrees to subscribe for and purchase from the Company on the Closing Date (as hereinafter defined), and the Company agrees to issue and sell to the Purchaser, the Note. The OID shall be earned upon each Tranche on a pro-rata basis. (For example: upon the advance of the first Tranche, twenty seven fifty thousand seven hundred seventy seven and 78/100 Dollars ($27,777.7850,000) shall be added to the principal amount of the outstanding Note in addition to the amount advanced, and the total amount owed, or the total principal amount, shall be two one hundred seventy seven twenty thousand seven hundred seventy seven and 78/100 Dollars ($277,777.78100,000)).

Appears in 1 contract

Samples: Securities Purchase Agreement (Cardiff Lexington Corp)

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Purchase of the Note. Subject to the terms of this Agreement, for consideration of up to one million five hundred thousand Dollars ($500,0001,500,000) in cash (the “Consideration”) to be paid in one or more tranches (each, a “Tranche”) with the first Tranche in the amount of not less than two seven hundred fifty thousand Dollars ($250,000700,000) paid on the Issue Date (as defined in the Note), and the remainder pursuant to the terms described in the Note, the Purchaser agrees to subscribe for and purchase from the Company on the Closing Date (as hereinafter defined), and the Company agrees to issue and sell to the Purchaser, the Note. The OID shall be earned upon each Tranche on a pro-rata basis. (For example: upon the advance of the first Tranche, twenty seventy- seven thousand seven hundred seventy seventy-seven and 78/100 Dollars ($27,777.7877,777.78) shall be added to the principal amount of the outstanding Note in addition to the amount advanced, and the total amount owed, or the total principal amount, shall be two seven hundred seventy seventy-seven thousand seven hundred seventy seventy-seven and 78/100 Dollars ($277,777.78777,777.78).

Appears in 1 contract

Samples: Securities Purchase Agreement (XLR Medical Corp.)

Purchase of the Note. Subject to the terms of this Agreement, for consideration of up to five hundred thousand Dollars ($500,000) in cash (the “Consideration”) to be paid in one or more tranches (each, a “Tranche”) with the first Tranche in the amount of not less than two hundred fifty sixty five thousand Dollars ($250,00065,000) paid on the Issue Date (as defined in the Note), and the remainder pursuant to the terms described in the Note, the Purchaser agrees to subscribe for and purchase from the Company on the Closing Date (as hereinafter defined), and the Company agrees to issue and sell to the Purchaser, the Note. The OID shall be earned upon each Tranche on a pro-rata basis. (For example: upon Upon the advance issuance of the first Tranche, twenty seven eleven thousand seven four hundred seventy seven and 78/100 59/100 Dollars ($27,777.7811,470.59) shall be added to the outstanding principal amount of the outstanding Note in addition to the amount advanced, and the total amount owed, or the total principal amount, owed shall be two seventy six thousand four hundred seventy seven thousand seven hundred seventy seven and 78/100 59/100 Dollars ($277,777.7876,470.59).

Appears in 1 contract

Samples: Securities Purchase Agreement (Golden Developing Solutions, Inc.)

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