Purpose of Note. MAKER ACKNOWLEDGES, REPRESENTS AND WARRANTS TO HOLDER THAT THE LOAN EVIDENCED BY THIS NOTE IS FOR COMMERCIAL PURPOSES. MAKER FURTHER ACKNOWLEDGES, REPRESENTS AND WARRANTS THAT IT IS ENGAGED EXCLUSIVELY IN COMMERCIAL PURSUITS AND THAT THE PROCEEDS OF THIS NOTE ARE TO BE UTILIZED IN THE BUSINESS ACTIVITIES OF MAKER AND WILL NOT BE UTILIZED FOR CONSUMER PURPOSES.
Purpose of Note. Borrower acknowledges that the purpose of the loan evidenced by this Note is to provide partial financing for the purchase of 1,776,004 shares of Lender's common stock and warrants to purchase 1,776,004 shares of such common stock.
Purpose of Note. The purpose of this Note is to evidence and provide payment and other terms related to an accrued obligation of the Company to the Holder for amounts advanced by the Holder to the Company as of December 31, 2019.
Purpose of Note. Borrower acknowledges that it is a requirement of the loan evidenced by this Note (the "Loan") that the proceeds of the Loan be used ---- only to purchase Borrower's new principal residence located at the address set forth on Schedule 1 hereto (the "Property") and that the purpose of the Loan is ---------- -------- to induce Employee to accept an offer for employment principally in California.
Purpose of Note. This Note is being given to evidence the PILOT Obligations.
Purpose of Note. This Note is issued pursuant to that certain Contribution and Unit Purchase Agreement by, between and among Maker, Payee and Global Public Safety, LLC (the “Company”) dated as of February 6, 2017 (the “Purchase Agreement”), whereby Maker will purchase 80.1% of the outstanding equity interests of the Company from Payee (the “Units”) to evidence a portion of the payment therefor. Capitalized terms not otherwise defined herein shall have the meaning set forth in the Purchase Agreement.
Purpose of Note. The Note Amount is the liquidated damages that Maker owes the City if Developer does not comply with the obligations under or described in Section 10(g) of the Development Agreement after failing to pay the Public Benefit Contribution by May 1, 2024 under the Development Agreement.
