Loan Consideration Sample Clauses

Loan Consideration. At the Effective Time, the Purchaser shall issue the Sponsor up to 3,750,000 shares of Purchaser Common Stock (which includes 1,750,000 shares to be issued for Prior Working Capital Loans, and up to 2,000,000 shares to be issued for Future Working Capital Loans) as partial consideration for the Sponsor entering into Working Capital Loans, such exact number to be the actual dollar amount of principal loaned as Working Capital Loans (i.e., one share for each $1.00 loaned).

Loan Consideration. 3.1. The Borrower may transfer or sell the Lent Tokens in its own name and at its own discretion within the scope of such Exchanges as approved by the Lender, and shall not use the Lent Tokens for margin trading, staking, or any other non-approved collateralized purposes. 3.2. All activities must comply with applicable laws, including sanctions and AML restrictions. The Borrower shall maintain accurate transaction records and agrees to provide these transaction details to the Lender on a regular basis or promptly upon reasonable request.

Loan Consideration. On the Final Closing Date, Buyer shall execute two (2) promissory notes, one in the favor of ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and one in the favor of ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, each for the principal amount of One Million One Hundred Fifty Six Thousand Nine Hundred Forty-Four and 50/100 Dollars ($1,156,944.50), with interest at the rate of 6% per annum, payable in thirty-four (34) equal monthly principal installments of $34,027.77 plus applicable interest, the first of such installments to be paid on January 2, 2003, each such note shall be substantially in the form of Exhibit "C" (the "Notes").

Loan Consideration. Buyer shall execute two (2) promissory notes. The first promissory note shall be in the principal sum of $3,200,000, payable in four equal, annual installments of principal and interest commencing fifteen (15) days after the Buyer has filed each annual report with the Securities and Exchange Commission for the fiscal year 2002. If Buyer fails to maintain its status as a reporting entity, the Earnout Payments shall be made as promptly as practicable(the "Principal Payments"). The second promissory note shall be in the principal sum of $1,000,000, payable in equal, monthly installments over five years, commencing January 10, 2002, to the Sellers. The Principal Payments will be retired, without further notice, at the option of the Buyer, upon any of the following: (i) the Company's making an assignment for the benefit of creditors or admitting in writing its inability to pay its debts generally as they become due; or (ii) the entry of an order, judgment or decree adjudicating the Company or any subsidiary bankrupt or insolvent; or (iii) the Company's petitioning or applying to any tribunal for the appointment of a trustee or receiver of the Company within the meaning of the Securities Act, or of any substantial part of the assets of the company, or commencing any proceedings (other than proceedings for the voluntary liquidation and dissolution of a subsidiary) relating to the Company or a subsidiary under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction whether now or hereafter in effect; or (iv) the filing of any such petition or application, or the commencement of any such proceedings, against the Company, if the Company by any act indicates its approval thereof, consent or acquiescence therein, or the entry of an order, judgment or decree appointing any such trustee or receiver, or approving the petition in any such proceedings, if such order, judgment or decree remain unstayed and in effect for more than 60 days; or (v) the entry of any order, judgment, or decree in any proceedings against the Company or any subsidiary within the meaning of the Securities Act decreeing the dissolution of the company if such order, judgment or decree remains unstayed and in effect for more than 60 days; or (vi) the entry of any order, judgment or decree in any proceedings against the Company or any subsidiary decreeing a split-up of the Company which requires the divestiture of a substantial p...