Examples of Company Promissory Note in a sentence
At the Effective Time, each Company Promissory Note that is at such time outstanding shall, by virtue of the Merger pursuant to the terms of each Company Promissory Note, and without any action on the part of Purchaser, Merger Sub, the Company, the holder of such Company Promissory Note or any other Person, be assumed by the Surviving Corporation.
Upon the Company Option Holder’s termination of service, Parent or Acquirer will offset the Repurchase Price to be paid under Section 1.3(a)(iv) below by first discharging all amounts outstanding and payable under the Company Promissory Note, to the maximum extent permitted by Applicable Law.
Acquired Company: Promissory Note (the “Promissory Note”) by White Xxxxx Distribution, LLC (“Borrower”) payable to the order of General Electric Capital Business Asset Funding Corporation (together with any subsequent holder, “Holder”) in a principal amount of $14,000,000 Commercial Deed of Trust, Security Agreement, Assignment of Leases and Rents, and Fixture Filing the (“Deed of Trust”) made by White Xxxxx Distribution, LLC in favor of Xxxxx X.
Notwithstanding anything to the contrary contained in this Agreement, all cash and cash equivalents in accounts owned by the Company as of 11:59 p.m. on April 3, 2015 (which amount includes the amount of cash loaned to the Company under the Company Promissory Note) (the “Cash and Cash Equivalents”) shall be retained by the Company, and shall be excluded from the Purchased Assets (collectively, the “Excluded Assets”).
Company's obligations under the Company Promissory Note shall be secured by a Guaranty of Buyer dated the Closing Date ("Buyer Guaranty") in the form of Exhibit 9.3 hereto and a portion of Buyer's obligations under the Buyer Promissory Note shall be secured by a Guaranty of Kubex xxx Melixxx X.
No interest shall be paid or accrue on any cash payable in lieu of any fractional shares of Parent Common Stock upon surrender of any Certificate or Company Promissory Note.
In connection with the transaction, the Lender assigned all of its interests in the Company Promissory Note to TechTron, Inc.
Except for the Company Promissory Note and the CEI Promissory Note, this Agreement supersedes any and all other agreements between the Company and CEI (or between the Company and any other subsidiaries or Affiliates of CEI) relating to the subject matter hereof.
Until surrendered as contemplated by this Section 2.05, each Certificate or Company Promissory Note shall be deemed at any time after the Effective Time to represent only the right to receive upon such surrender Merger Consideration as contemplated by this Section 2.05.
If, upon the last withdrawal from the Project Fund, it is found that the assets from the original proceeds of the Bonds actually allocated to the Distribution Company, the Storage Company or the Exploration Company differs from the principal amount of that entity's Company Promissory Note by more than $50,000, each such entity has agreed to amend its Company Promissory Note to reflect more accurately the amount of the assets acquired or refinanced on its behalf.