Form of Payment for Note Sample Clauses

Form of Payment for Note. On the Closing Date, (i) each Buyer shall pay its Note Purchase Price to the Company by way of converting, and forever releasing the Company from, the amount of the Company's indebtedness to such Buyer under the Debt and the Consulting Debt equal to such Buyer's Note Purchase Price, and such conversion and release will hereby be deemed completed upon the Closing; each Buyer will provide to the Company on Closing a full and final release respecting the Purchase Price portion of the Debt; and (ii) the Company shall deliver the Note to the Buyers, which such Buyer is purchasing hereunder, duly registered in the name of such Buyer or its designee (and allocated amongst each Buyer in accordance with each Buyer's pro rata share of the Note Purchase Price).

Related to Form of Payment for Note

  • Terms of Payment 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity.

  • Schedule of Payments The City shall pay the Company and amount of $75,000.00 within 60 days after the Company has complied with all of the conditions in Section 2(a) (Prerequisites to Payments).

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