Common use of Commitment, Closing Date Clause in Contracts

Commitment, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Borrowers agree to issue and sell to Purchaser, and Purchaser agrees to purchase from the Borrowers, Notes (the "Notes") in the aggregate principal amount of Four Million Five Hundred Thousand Dollars ($4,500,000.00) at a purchase price equal to 100% of the principal amount thereof, at the Closing. Delivery of the Notes (the "Closing") shall be made at the offices of Tandem Capital, Inc., Nashville, Tennessee, against payment therefor by federal funds wire transfer in immediately available funds and to the accounts and in the amounts set forth in the Borrowers' wire instructions in the form of Exhibit B hereto, at 10:00 A.M., Nashville time, on June 22, 1998, or such later date as the Borrowers and Purchaser shall agree (the "Closing Date"). The Notes delivered to Purchaser on the Closing Date shall be delivered to Purchaser in the form of a single Note for the full amount of such purchase price (unless different denominations are specified by Purchaser), registered on the books of the Borrowers in Purchaser's name or in the name of such nominee as Purchaser may specify and, with appropriate insertions, in the form attached hereto as Exhibit A-1, all as Purchaser may specify at least 24 hours prior to the date fixed for delivery.

Commitment, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Borrowers agree to issue and sell to Purchaser, and Purchaser agrees to purchase from the Borrowers, Notes Debentures (the "NotesDebentures") in the aggregate principal amount of Four Seven Million Five Hundred Thousand Dollars ($4,500,000.007,000,000.00) at a purchase price equal to 100% of the principal amount thereof, at the Closing. Delivery of the Notes Debentures (the "ClosingClosi ") shall be made at the offices of Tandem Capital, Inc., Nashville, Tennessee, against payment therefor by federal funds wire transfer in immediately available funds and to the accounts and in the amounts set forth in the Borrowers' wire instructions in the form of Exhibit B hereto, at 10:00 A.M., Nashville time, on June 22February 27, 1998, or such later date as the Borrowers and Purchaser shall agree (the "Closing Date"). The Notes Debentures delivered to Purchaser on the Closing Date shall be delivered to Purchaser in the form of a single Note Debenture for the full amount of such purchase price (unless different denominations are specified by Purchaser), registered on the books of the Borrowers in Purchaser's name or in the name of such nominee as Purchaser may specify and, with appropriate insertions, in the form attached hereto as Exhibit A-1, all as Purchaser may specify at least 24 hours prior to the date fixed for delivery.