Demand Notes. At no time shall (i) Dairy Group cause or permit the aggregate outstanding principal balance of its Demand Note to exceed $21,325,653 or (ii) Dairy Group II cause or permit the aggregate outstanding principal balance of its Demand Note to exceed $13,181,876.
Demand Notes. The Sellers shall cause each holder of a Demand Note to exercise simultaneously with the Effective Time its right to have the Demand Notes held by such holder repaid in shares of theglobe Common Stock in accordance with the original terms of such Demand Notes, which shall result in the delivery to the holder of each Demand Note of an amount of shares of theglobe Common Stock equal to the product of the number of Demand Note Company Shares deemed allocable to the Demand Notes held by such holder multiplied by the Merger Consideration Per Share. Such delivery shall be in full satisfaction of all amounts owing and all other obligations of the Company and theglobe arising under and with respect to the Demand Notes, and such delivery shall be deemed made at the Closing and the holder of the Demand Notes shall be deemed to be the record holder of such shares for all purposes. The Sellers shall deliver each Demand Note at the Closing, at which each such Demand Note shall be cancelled.
Demand Notes. Each of the Demand Notes shall have been repaid for shares of theglobe Common Stock in accordance with Section 5.17 and the terms of such Demand Note.
Demand Notes. 3.1 In connection with the execution and delivery of this Amendment, on April 1, 2024, the Company shall issue and sell to Purchaser, and Purchaser shall purchase from Company, a Demand Note with a principal amount of $1.5 million (the “Initial Demand Note”).
Demand Notes. The Shareholder shall have been released from its obligations under the Demand Notes, and the Buyer shall have provided for capitalization of the Company in the amount of at least $6 million.
Demand Notes. The Company shall hold Demand Notes such that, at all times, the ratio of the aggregate principal amount of such Demand Notes to the aggregate Unrecovered Capital of the Class A Limited Members shall be at least 1:1.
Demand Notes. The Trustee under the Series 2010-1 Supplement hereby agrees to deliver as promptly as practicable the Series 2010-1 Demand Note issued by DTAG in connection with the Series 2010-1 Supplement to DTAG for cancellation (and by its signature below, RCFC hereby consents and agrees to such delivery and cancellation).
Demand Notes. The Demand Notes shall have been discharged in full and cancelled by the Company and evidence thereof, in form and substance reasonable satisfactory to Buyer, shall have been delivered to Buyer;
Demand Notes. At no time shall Seller cause or permit the aggregate outstanding principal balance of the Demand Note to exceed the sum of $21,325,653.
Demand Notes. In connection with the capitalization of Ford Credit Leasing, RCL Trust 1996-1 and the Lease Trust, Ford Credit has issued to each of Ford Credit Leasing and RCL Trust 1996-1 certain promissory notes allowing the payees thereunder to receive certain sums upon demand, and Ford Credit hereby covenants to deliver prompt written notice to each Rating Agency in the event that any payment of principal is made to any holder of any such promissory notes.
