Examples of Xxxxxxxxx Note in a sentence
Other than this Agreement, (i) the Seller is not a party to or bound by any voting trust agreements, proxies or other contracts or arrangements restricting or relating to the Company Stock, except for the Xxxxxxxxx Note and the Xxxxxxxxx Pledge; and (ii) the Seller is not a party to any option, warrant, purchase right or other contract or commitment that could require the Seller to sell, transfer or otherwise dispose of any Company Stock, except for the Xxxxxxxxx Note and the Xxxxxxxxx Pledge.
At all times following payment in full of the Company Xxxxxxxxx Note, plus interest accrued thereon, but prior to payment in full of the 2008 Unitrust Note, Nominee shall execute and deliver such instruments and shall take such actions or refrain from taking such actions as the Unitrust may require for purposes of enforcing the rights of the Noteholders under the 2008 Nominee Deed of Trust.
At all times prior to payment in full of the Company Xxxxxxxxx Note, plus interest accrued thereon, Nominee shall execute and deliver such instruments and shall take such actions or refrain from taking such actions as Xxxxxxxxx may require for purposes of enforcing the rights of the Noteholders under the 2008 Nominee Deed of Trust.
Upon and in consideration for issuance of the Xxxxxxx Note, Kodger Note and the Xxxxxxxxx Note, the Company and Xxxxxxx, Kodger and Xxxxxxxxx shall cancel any existing indebtedness of the Company to Xxxxxxx, Kodger and Xxxxxxxxx (except for any salary earned but not paid up to the Closing Date and any expense reimbursements due up to the Closing Date pursuant to the Company’s policies and procedures regarding expense reimbursements), and shall provide evidence of such cancellation to Buyer at Closing.
The Xxxxxxxxx Note shall be in the form attached hereto as Exhibit 2.2(c)(iii).