Loan and Note Purchase Sample Clauses

Loan and Note Purchase. RemoteMDx agrees to borrow _____________ ($_______ ) from Purchaser, and Purchaser agrees to lend to RemoteMDx ____________ ($________ ) (the "Loan") pursuant to the terms and conditions of this Agreement, the Note, a copy of which is attached to this Agreement as Exhibit "A" and by this reference incorporated herein. (This Agreement and the Note constitute the "Transaction Documents"). The Purchaser shall pay the loan amount of ____________ ($______ ) for the Note in full at Closing, as hereinafter defined, via certified funds or wire transfer to an account of RemoteMDx identified by RemoteMDx on or before the Closing Date. Wire instructions shall be provided by RemoteMDx to Purchaser prior to the Closing.
Sample 1
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Loan and Note Purchase. The Company agrees to borrow Two Million Five Hundred Thousand Dollars ($2,500,000) from Purchaser and Purchaser agrees to lend to the Company $2,500,000 (the "Loan") pursuant to the terms and conditions of this Agreement and the Note, a copy of which is attached to this Agreement as Exhibit "A" and by this reference incorporated herein. Purchaser agrees to purchase the Note and tenders herewith the principal amount of the Loan, receipt of which by the Company is hereby acknowledged. Principal and interest owing under the Note is convertible into shares of Common Stock, par value $.001 per share, of the Company ("Common Stock"), at a conversion price equal to $0.40 per share, the closing sale price of Common Stock as quoted on NASDAQ on the effective date of this Agreement. The total purchase price (the "Purchase Price") for the Note shall be Two Million Five Hundred Thousand Dollars ($2,500,000). The Purchaser shall pay the Purchase Price in full at Closing, as hereinafter defined, via wire transfer to an account of the Company identified by the Purchaser and under the control of persons designated by or acceptable to the Purchaser on or before the Closing Date. Wire instructions shall be provided prior to the Closing. The Note, together with the shares of Common Stock into which the Note may be converted (the "Shares"), shall be referred to collectively in this Agreement as the "Securities."
Sample 1
Loan and Note Purchase. The Company agrees to borrow Five Million Dollars ($5,000,000) from Purchaser and Purchaser agrees to lend to the Company $5,000,000 (the "Loan") pursuant to the terms and conditions of this Agreement and the Note, a copy of which is attached to this Agreement as Exhibit "A" and by this reference incorporated herein. Purchaser agrees to purchase the Note and tenders herewith the principal amount of the Loan, receipt of which by the Company is hereby acknowledged. Principal and interest owing under the Note is convertible into shares of Common Stock, par value $.001 per share, of the Company ("Common Stock") under certain conditions as set forth in the Note. The total purchase price (the "Purchase Price") of the Note shall be Five Million Dollars ($5,000,000). The Purchaser shall pay the Purchase Price in full at Closing, as hereinafter defined, via wire transfer to an account of the Company identified by the Purchaser and under the control of persons designated by or acceptable to the Purchaser on or before the Closing Date. Wire instructions shall be provided prior to the Closing.
Sample 1

Related to Loan and Note Purchase

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

  • Loan Agreement and Note Lender shall have received a copy of this Agreement and the Note, in each case, duly executed and delivered on behalf of Borrower.

  • of the Note Purchase Agreement Section 2.1(b) of the Note Purchase Agreement is hereby amended and restated to read in full as follows:

  • Amendments to Note Purchase Agreement Subject to the satisfaction of the conditions precedent set forth herein and in reliance on the representations, warranties and covenants of the Companies set forth herein and in the Note Purchase Agreement, each party hereto hereby agrees that the Note Purchase Agreement be and hereby is, amended as follows:

  • Credit Agreement and Notes This Agreement and the Notes executed by each party thereto;

  • of the Loan Agreement Section 1.1 of the Loan Agreement is hereby amended as follows:

  • Loan Agreements Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a “securities intermediary” as defined in the UCC) to the contrary, none of the Collateral Agent, the Collateral Custodian nor any securities intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the grant by the Borrower to the Collateral Agent, of any Loan Asset in the nature of a loan or a participation in a loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Loan Agreements, or otherwise to examine the Loan Agreements, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan Asset granted to the Collateral Agent hereunder as custodial agent for the Collateral Agent in accordance with the terms of this Agreement.

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

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