Examples of Seller Note Documents in a sentence
The Seller Note shall (i) bear interest from the Closing to maturity at the rate of 6.5% per annum, (ii) provide for the payment of all principal and any accrued interest on April 30, 2022, (iii) be secured by the Purchased Assets pursuant to the Seller Note Documents, and (iv) provide for prepayments, without penalty, at any time by Purchaser.
The Obligors, or any Subsidiary of the Obligors, or any Affiliate of any of them, shall challenge or contest in any action, suit, or proceeding the validity or enforceability of this Agreement, any of the other Loan Documents, the Subordinated Debt Documents, the Seller Note Documents, the legality or enforceability of any of the Obligations or the perfection or priority of any Lien granted to Collateral Agent for the benefit of the Lender Group.
Administrative Agent and Collateral Agent shall have received evidence satisfactory to the Lender Group of the issuance and sale by QFC of notes evidencing the Seller Note Obligations in an amount not more than $5,000,000 pursuant to the Seller Note Documents.
The Seller Note Documents shall be in full force and effect, and no material term or condition thereof shall have been amended, modified, or waived without the express written consent of Administrative Agent.
Administrative Agent shall have received a certificate of the Secretary of QFC, dated as of the Closing Date, certifying to a true and correct copy of each of the material Seller Note Documents.