Repayment of Promissory Notes Sample Clauses

Repayment of Promissory Notes. As a result of the Merger and the transactions contemplated thereby, the promissory notes issued to the Company by each of Xxxx Xxxxxxxx in the amount of $364,500 (the "Xxxxxxxx Note"), Xxxxxxx X. Xxxxxxx, Xx. in the amount of $121,500 (the "Xxxxxxx Note") and Xxxxxx X. Xxxxx in the amount of $121,500 (the "Xxxxx Note") each become immediately due and payable. 3.11
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Repayment of Promissory Notes. Simultaneously with the Initial Closing, the aggregate principal amount and all accrued interest on the promissory notes listed on Schedule 3.19 and all other amounts due thereunder shall be paid in full, and satisfactory evidence thereof shall have been delivered to the Purchaser.
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Repayment of Promissory Notes. Within thirty (30) days of the Effective Date of this Agreement, Employee agrees to fully repay all principal and interest on the Promissory Notes executed by Employee in favor of the Company.
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Repayment of Promissory Notes. The remaining debt owed to DSI by XxXxxx in the amount of Thirty-one Thousand Nine Hundred Ninety-eight Dollars and Thirty-nine Cents ($31,998.39) relative to that certain promissory note dated May 12, 1995 by XxXxxx, maker, and DSI, payee, and the remaining debt owed to DSI by XxXxxx in the amount of Seventy-eight Thousand Eight Hundred Forty-one Dollars and Sixty-seven Cents ($78,841.67) relative to that certain promissory note dated January 17, 1995 by XxXxxx, maker, and DSI, payee, shall be deducted from the severance payment provided in paragraph 1 and applied in satisfaction of said promissory notes. 3.
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Repayment of Promissory Notes. Prior to the Closing, FNF shall repay the outstanding principal and interest owing under the intercompany promissory notes referred to in item 10 of Section 4.1(c) of the Disclosure Schedule.
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Repayment of Promissory Notes. Xxxxx Xxxxxxx shall have repaid all outstanding principle and interest due on the promissory notes issued by him to the Company in the principle amount of $25,000 and $25,000, respectively, and the Principal Stockholder shall have repaid all outstanding principle and interest due on the promissory note issued by her to the Company in the principle amount of $70,000. Parent may waive any condition (in whole or in part) specified in this Section 9.1 if it executes a writing so stating at or prior to the Closing.
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Repayment of Promissory Notes. Each of Xxxxxxxx X. Xxxxxxx and Xxxxxx X. Xxxxxxxx shall have repaid in full, their respective notes payable to Leslie’s dated March 23, 2001.
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Repayment of Promissory Notes. The Company shall have paid in full the unpaid principal of, together with all accrued and unpaid interest on and any fees and expenses relating to, (i) that certain Promissory Note, dated August 7, 1997, made by the Company and given to PR Venture Partners, L.P. in the original principal amount of $25,000 and (ii) that certain Promissory Note, dated August 7, 1997, made by the Company and given to Morgxx, Xxllxxx Xxxd II, L.P. in the original principal amount of $25,000 (collectively, the "Notes"). At the Closing, Brooxx xxxll have received the original Notes duly cancelled by the holder thereof.
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Repayment of Promissory Notes. Buyer will pay and discharge within 45 days 27 32 following the Closing the following promissory notes: Promissory Notes, each dated April 1, 1996, payable to the order of Stevx Xxxling in the original principal amounts of $250,000 and $139,778.
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Related to Repayment of Promissory Notes

  • Repayment of Notes Each of the parties hereto agrees that all repayments of the Notes (including any accrued interest thereon) by the Company (other than by conversion of the Notes) will be paid pro rata to the holders thereof based upon the principal amount then outstanding to each of such holders.

  • Repayment of Proceeds If Executive engages in Competitive Activity, then Executive shall be required to pay to Investors, within ten business days following the Activity Date, an amount equal to the excess, if any, of (A) the aggregate proceeds Executive received upon the sale or other disposition of Executive's Units, over (B) the aggregate Cost of such Units.

  • Prepayment of Notes No prepayment of the Notes may be made except to the extent and in the manner expressly provided in this Agreement.

  • Promissory Notes Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its permitted registered assigns) and in a form attached hereto as Exhibit C. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its permitted registered assigns).

  • Repayment of Debt If the General Partners unanimously elect, or are required by one or more third parties, to repay or repurchase at the Closing Date (or thereafter in connection with the sale of properties) any indebtedness of Target or any subsidiary of Target, at the Closing Date (or thereafter in connection with the sale of properties), the General Partners shall pay in cash such indebtedness plus any costs, expenses or fees associated with such repayment or repurchase, including without limitation any prepayment fees or penalties, to be repaid, pro rata in accordance with their respective Capital Accounts. For these purposes, “indebtedness” shall be deemed to include the costs of unwinding any interest rate swaps, caps, treasury locks and other derivatives and xxxxxx associated with the indebtedness that is being repaid.

  • Prepayment of the Notes In addition to the payment of the entire unpaid principal amount of the Notes at the final maturity thereof, the Company may make optional prepayments in respect of the Notes as hereinafter provided.

  • Prepayment of Debt Make any prepayment (whether optional or mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt.

  • Secured Promissory Notes The Term Loans shall be evidenced by a Secured Promissory Note or Notes in the form attached as Exhibit D hereto (each a “Secured Promissory Note”), and shall be repayable as set forth in this Agreement. Borrower irrevocably authorizes each Lender to make or cause to be made, on or about the Funding Date of any Term Loan or at the time of receipt of any payment of principal on such Lender’s Secured Promissory Note, an appropriate notation on such Lender’s Secured Promissory Note Record reflecting the making of such Term Loan or (as the case may be) the receipt of such payment. The outstanding amount of each Term Loan set forth on such Lender’s Secured Promissory Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender’s Secured Promissory Note Record shall not limit or otherwise affect the obligations of Borrower under any Secured Promissory Note or any other Loan Document to make payments of principal of or interest on any Secured Promissory Note when due. Upon receipt of an affidavit of an officer of a Lender as to the loss, theft, destruction, or mutilation of its Secured Promissory Note, Borrower shall issue, in lieu thereof, a replacement Secured Promissory Note in the same principal amount thereof and of like tenor.

  • Evidence of Debt; Repayment of Loans (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the principal amount of each Loan of such Lender as provided in Section 2.11.

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

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