Note Payment Sample Clauses

Note Payment. Lender agrees, notwithstanding any provisions of Sections 3.4 and 3.5 of the Loan Agreement to the contrary, to accept $1,075,425.36 as full payment and satisfaction of all of the Notes (including any Contingent Payment) (the “Note Payment”). Lender agrees that Borrower will retain an additional $500,000 from the proceeds of the sale of certain remaining Assets to North Star Capital Acquisition LLC.

Note Payment. Buyer shall pay Seller ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ $12,500 per month for 12 months as payment toward the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Promissory Note attached as Schedule C (the "Note"). The terms of the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Promissory Note shall remain in full force and effect in Schedule C (the "Note Payment"). Notwithstanding anything to the contrary in the Agreement or otherwise, the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Promissory Note attached as Schedule C may not be written off, decreased in value, forgiven, modified, amended, or otherwise altered in any maimer that would reduce the principal amount, interest rate, or any other term thereof or otherwise diminish the value of the Note to Seller ▇▇▇▇▇▇▇ ▇▇▇▇▇▇. Any attempt to do so shall be null and void and constitute an immediate Event of Default under Section 6 of the Agreement;

Note Payment. The Company has or anticipates issuing a Note to Wtech Holdings, LLC, (the "Noteholder") in the face amount of $ 20.0 million (the "Wtech Note"). The New Employment Agreement will provide that if more than $10.2 million of principal payments are made by the Company on the Wtech Note then either (x) the Parent or the Company will make a cash payment to Stockholder in an amount equal to 22.5% of the amount of any principal payment in excess of $10.2 million, or (y) Parent will issue a number of additional shares of equity of Parent with a value equal to the payment described in (x) above. If any equity is issued to Stockholder pursuant to the provision described in this clause (iv) such equity will be subject to the same vesting schedule, repurchase rights and transfer restrictions described in clause (ii) above. Any forgiveness of any portion of the Note by the Noteholder will not constitute a payment of principal for this purpose.

Note Payment. Upon receipt of the Debenture and the cashier's check described herein in payment of the Note, WEDGE shall return the fully executed Note, marked cancelled, and cause all collateral securing the Note to be released, including, without limitation, the release of and return to the Company of all title documents to vehicles held by WEDGE as collateral.

Note Payment. The principal and interest are payable in lawful money of ------------ the United States of America. The undersigned may prepay in full the amount of any principal installment or accrued interest under the Note. The Note shall become payable in full upon the earlier of the following: (1) the term set forth in the Note, (2) default under the Note or (3) upon the first anniversary of the termination of the undersigned's employment with the Company.

Note Payment. Payments on the Note after March 31, 2007 shall be deferred until June 1, 2007, however interest shall accrue per the terms of the note and the Note payment shall remain at $5,000 or more per month beginning on June 1, 2007.

Note Payment. The amount of one million dollars ($1,000,000) evidenced by a note in the form attached as Exhibit 2.3(b)(ii)(A) hereto (the "Note Payment"). The Note Payment will be guaranteed by ▇▇▇▇▇▇▇ ▇▇▇▇▇ pursuant to the guarantee attached as Exhibit 2.3(b)(ii)(B). The guarantee will be secured as set forth in the Deed of Trust attached hereto as Exhibit 2.3(b)(ii)(C).

Note Payment. For a period of one year following the Closing, NaviSite shall, within two business days of receiving a written request from Surebridge, pay to Surebridge in immediately available funds such additional amounts up to $800,000 in the aggregate, which Surebridge may request in order to meet Surebridge's tax payment obligations in connection with the sale of its assets pursuant to this Agreement that Surebridge substantiates in writing. Payments pursuant to this Section 5.22 shall be deemed a required prepayment of the Primary Note and shall reduce the outstanding principal outstanding thereunder in accordance with its terms. Notwithstanding the foregoing, NaviSite shall not be required to prepay such sums if NaviSite has paid at least $1,300,000 in aggregate principal amount of the Primary Note prior to receipt of the request for a prepayment hereunder.

Note Payment. On the Closing Date, immediately following the LSH Closing, LSAC shall pay the Note by payment of cash in the amount of its obligations under the Note by wire transfer of(i) $39,800,000 in accordance with the Escrow Agreement in the form attached as Exhibit 1.12 hereto (the "Escrow Agreement"), and (ii) the balance to the Representative for the benefit of the LS Selling Stockholders. The proceeds of the Note (including any amounts released from escrow in accordance with the Escrow Agreement) (the "Note Proceeds") shall be allocated among the outstanding shares of Lear ▇▇▇g▇▇▇ ▇▇▇mon Stock in accordance with the Company's Amended and Restated Certificate of Incorporation as though there were a dissolution, liquidation or winding-up of the Company, assuming the assets available for distribution in respect of such outstanding shares of Lear ▇▇▇g▇▇▇ ▇▇▇mon Stock were equal to the amount of the Note Proceeds.