Promissory Note Amount definition

Promissory Note Amount means $10,000,000.

Promissory Note Amount means the sum of One Thousand Dollars($1,000.00).

Promissory Note Amount means One Million Dollars ($1,000,000).

Examples of Promissory Note Amount in a sentence

• If no settlement of such Third Party Claim is made, the Promissory Note Amount shall be automatically reduced by (or if the Promissory Note or any replacement thereof is no longer outstanding, the Company Series A Preferred Holders shall be obligated to pay) the amount of any Losses arising out of any judgment rendered with respect to such claim.

• At the request of Participant, and for a specific occasion, Authority may, in its sole and absolute discretion, in writing waive the requirements of this Section and defer repayment and/or extend the term of the Promissory Note Amount.

• Notwithstanding anything contained herein to the contrary, each Member acknowledges and agrees that in the event Buyer deducts Losses from the Promissory Note, each Member shall receive less than the amount such Member would have received of its Pro Rate Share of the Final Promissory Note Amount.

• The aggregate consideration (to be delivered in the manner described in Section 2.5(c) and subject to adjustment pursuant to Section 2.4) for the Equity to be purchased by Buyer hereunder shall be an aggregate amount equal to (a) the Closing Cash Payment, plus (b) the Final Promissory Note Amount, plus (c) the Final Stock Purchase Price (collectively, the “Purchase Price”).

• The aggregate amount of the Cash Purchase Price plus the Investor Promissory Note Amount shall be referred to herein as the “Purchase Price”.

More Definitions of Promissory Note Amount

Promissory Note Amount. Section 7.01(b)

Promissory Note Amount means, with respect to each Promissory Note, the principal amount and accrued and unpaid interest thereon owing under such Promissory Note as of the Closing Date.

Promissory Note Amount shall be added to Section 9.01 of the Merger Agreement, in proper alphabetical order, as follows:

Promissory Note Amount means the sum of (a) Nine Million Dollars ($9,000,000) plus (b) the first Two Hundred Fifty Thousand Dollars ($250,000) of Transaction Expenses (exclusive of the cost of the D&O Tail Policy) plus (c) the cost of the D&O Tail Policy paid prior to the Closing plus (d) the difference between $12,550,000 minus the Indebtedness of the Company and its Subsidiaries to Fifth Third as of October 31, 2020 (assuming for purposes of this determination only that the definition of “Indebtedness” includes the Excluded Items) minus (e) the Indebtedness of the Company plus (f) the cash and cash equivalents of the Company as of the Closing, which shall be payable in accordance with the terms of the Promissory Note, of which Three Million Five Hundred Thousand Dollars ($3,500,000) plus Transaction Expenses shall be due and payable upon SPAC Merger Closing.

Promissory Note Amount means, with respect to each Seller, the dollar amount set forth opposite such Seller’s name under the heading “Promissory Note Amount” on Schedule I.

Promissory Note Amount has the meaning set forth in Section 2.2(b)(i).

Promissory Note Amount means Twenty Million Dollars ($20,000,000) less the Expense Escrow Amount.