Common use of Loan Notes Clause in Contracts

Loan Notes. If and to the extent that any Series A Loan Notes are to be issued to ▇▇ ▇▇▇▇▇▇ and/or ▇▇ ▇▇▇▇▇▇ pursuant to the terms of this Agreement, the Purchaser shall at the time such notes are required to be issued, deliver to the Management Sellers Representative, duly executed Series A Loan Note Instruments and duly executed certificates for such Series A Loan Notes, in favor of each of ▇▇. ▇▇▇▇▇▇ and ▇▇. ▇▇▇▇▇▇, in the appropriate amounts. ▇▇. ▇▇▇▇▇▇ hereby authorizes the Management Sellers Representative to accept delivery of the Series A Loan Note Instruments and the Series A Loan Notes on and for his behalf, without any liability on the part of Purchaser.

Appears in 2 contracts

Sources: Share Purchase Agreement (CDC Software CORP), Share Purchase Agreement (CDC Corp)