Common Contracts
3 similar Promissory Note and Stock Pledge Agreement contracts by Radio One Inc
PROMISSORY NOTE AND STOCK PLEDGE AGREEMENTPromissory Note and Stock Pledge Agreement • March 31st, 2003 • Radio One Inc • Radio broadcasting stations • Delaware
FOR VALUE RECEIVED, the undersigned (the “Executive”) promises to pay to the order of RADIO ONE, INC., a Delaware corporation (the “Company”), the aggregate principal sum of Twenty One Million One Hundred Five Thousand Dollars ($21,105,000.00) (the “Principal Amount”) together with accrued interest hereon calculated in accordance with the provisions of this Promissory Note and Stock Pledge Agreement (this “Note”). This Note is being entered into in connection with the Executive’s purchase from the Company of 1,500,000 shares (the “Purchased Class D Common Stock”) of the Company’s Class D Common Stock, $.001 par value per share (the “Class D Common Stock”) at a price of $14.07 per share. Capitalized terms used but not defined herein shall have the meanings set forth in the Employment Agreement of even date herewith by and between the Executive and the Company (the “Employment Agreement”).
PROMISSORY NOTE AND STOCK PLEDGE AGREEMENTPromissory Note and Stock Pledge Agreement • March 31st, 2003 • Radio One Inc • Radio broadcasting stations • Delaware
FOR VALUE RECEIVED, the undersigned (the “Executive”) promises to pay to the order of RADIO ONE, INC., a Delaware corporation (the “Company”), the aggregate principal sum of Two Million Five Thousand Dollars ($2,005,000.00) (the “Principal Amount”) together with accrued interest hereon calculated in accordance with the provisions of this Promissory Note and Stock Pledge Agreement (this “Note”). This Note is being entered into in connection with the Executive’s purchase from the Company of 250,000 shares (the “Purchased Class D Common Stock”) of the Company’s Class D Common Stock, $.001 par value per share (the “Class D Common Stock”) at a price of $8.02 per share and is a full recourse obligation of the Executive. Capitalized terms used but not defined herein shall have the meanings set forth in the Amended and Restated Employment Agreement of even date herewith by and between the Executive and the Company (the “Employment Agreement”).
PROMISSORY NOTE AND STOCK PLEDGE AGREEMENTPromissory Note and Stock Pledge Agreement • March 31st, 2003 • Radio One Inc • Radio broadcasting stations • Delaware
FOR VALUE RECEIVED, the undersigned (the “Executive”), promises to pay to the order of RADIO ONE, INC., a Delaware corporation (the “Company”), the aggregate principal sum of Seven Million Dollars ($7,000,000.00) (the “Principal Amount”) together with accrued interest hereon calculated in accordance with the provisions of this Promissory Note and Stock Pledge Agreement (this “Note”). This Note is being entered into in connection with the Executive’s purchase from the Company at a price of $7.00 per share, of (i) Three Hundred Thirty-Three Thousand Three Hundred Thirty-Four (333,334) shares (the “Purchased Class A Common Stock”) of the Company’s Class A Common Stock, par value $.001 per share (the “Class A Common Stock”), and (ii) Six Hundred Sixty-Six Thousand Six Hundred Sixty-Six (666,666) shares (the “Purchased Class D Common Stock”) of the Company’s Class D Common Stock, par value $.001 per share (the “Class D Common Stock”) and is a full recourse obligation of the Executive. The P
