Receipt of Notes Clause Samples
The 'Receipt of Notes' clause establishes the requirements and procedures for acknowledging the delivery or possession of promissory notes or similar financial instruments. Typically, this clause specifies when and how the recipient must confirm receipt, such as by providing written acknowledgment or by recording the transfer in official records. Its core practical function is to ensure clear evidence of the transfer or delivery of notes, thereby reducing disputes over whether and when such instruments have been received.
Receipt of Notes. The Company shall issue and deliver, and each Purchaser shall have received, a Note, in the full amount of the purchase price for the Note being purchased by such Purchaser as set forth in the Schedule of Purchasers.
Receipt of Notes. A Class A Note or Class B Note, as applicable, registered in the name of each Funding Agent and each Non-Conduit Committed Purchaser in an amount up to the Purchaser Commitment Amount with respect to the related Purchaser Group or Non-Conduit Committed Purchaser, as applicable, and executed by the Issuer and authenticated by the Indenture Trustee in accordance with the Indenture.
Receipt of Notes. The Company shall have received the original copy of the Purchaser's Note (or an Affidavit of Lost Note in the form attached hereto as Exhibit E), together with such instrument of transfer of the Note and related Security Agreement reasonably requested by the Company.
Receipt of Notes. The Purchasers shall have delivered the Notes and the Series C Shares to the Company.