Loan from the Company. The Company shall finance fifty percent (50%) of the purchase price of the Shares through a loan from the Company. Such loan shall be evidenced by a promissory note (the "Note"), in form and substance acceptable to the Company, which indebtedness shall be a full recourse obligation of the Employee, shall be secured by all of the Shares and shall bear interest at the rate of six and one one-hundredth percent (6.01%) per
Appears in 4 contracts
Samples: Participation Agreement (Orthodontic Centers of America Inc /De/), Participation Agreement (Orthodontic Centers of America Inc /De/), Participation Agreement (Orthodontic Centers of America Inc /De/)
