Purchaser Note. The term “Purchaser Note” shall have the meaning as is defined in Section 2.1.2(b) of this Agreement.
Purchaser Note. The Purchaser shall have executed and delivered the Purchaser Note to the Seller.
Purchaser Note. The payments required to be made by Purchaser under Sections 1.1(c) and 1.1(d) shall be memorialized in a promissory note made by Purchaser in favor of the Sellers, which note shall be in the form attached hereto as Exhibit A (the “Purchaser Note”).
Purchaser Note. Purchaser shall have issued to AARe a promissory note substantially in the form attached as Exhibit H hereto.”
Purchaser Note. The Company shall have executed the Purchaser Note.
Purchaser Note. At the Closing, Purchaser shall deliver to Seller the Purchaser Note which shall be secured by a first lien on the Purchased Assets (as defined in Section 1.1 hereof) pursuant to the terms of a security agreement (the "Security Agreement"), in form and substance reasonably acceptable to Purchaser and Seller, shall bear simple interest at ten percent (10%) per annum, shall provide for quarterly payments of principal and interest amortized over a period of thirty (30) months and shall be prepaid, without penalty, within five (5) days following Purchaser's second public financing (or in the event the financing of this acquisition is from funds other than the proceeds of an initial public financing, then following Purchaser's initial public financing). The Purchaser Note shall be subject to a right of offset to the extent of any Accounts Receivable (not previously excluded under Section 3.2(d) in determining Total Current Assets) that have not been collected within the 90 days following the Closing Date. In addition, the Purchaser Note may be assigned to one or more Stockholders or their affiliates.
Purchaser Note. The Purchaser Note and the Security Agreement in each case in form and substance reasonably satisfactory to Seller and Purchaser, each executed by Purchaser.
Purchaser Note. At Closing, Purchaser will execute and deliver to Seller a promissory note bearing 8% interest in the original principal amount of One Million Dollars And No/100s Dollars ($1,000,000 USD) The form of promissory note will be as mutually agreed between the Parties
Purchaser Note. Purchaser agrees not to sell, assign, pledge or otherwise transfer the Note except subject to all the terms and conditions of this Article 5. The Note evidencing the Subordinated Indebtedness shall bear the following legend or a legend substantially similar thereto: "THIS NOTE IS SUBJECT TO CERTAIN SUBORDINATION PROVISIONS CONTAINED IN THE PURCHASE AGREEMENT."
Purchaser Note. 40 Article VIII Additional Covenants And Agreements
