Notes Option Sample Clauses
The Notes Option clause grants one party the right to satisfy a payment obligation by issuing promissory notes instead of paying cash. In practice, this means that when a payment becomes due, the obligated party can deliver a note specifying the amount owed and the terms of repayment, such as interest rate and maturity date, rather than transferring funds immediately. This clause is often used to provide flexibility in managing cash flow or to accommodate situations where immediate liquidity is not available, ultimately ensuring that obligations are met while allowing for deferred payment arrangements.
Notes Option. Evermore, on its behalf or on behalf of any Evermore Affiliate that acquires New Senior Notes pursuant to the Senior Note Purchase Agreement, hereby grants to such Person or Persons as PJC and Triax may at any time designate in writing (each an “Optionee”) the option (the “Notes Option”) to buy from Evermore or the relevant Evermore Affiliate(s) all or a portion thereof of the New Senior Notes purchased pursuant to Section 1(a) of this Agreement and then held by Evermore or any Evermore Affiliate (all such New Senior Notes, the “Evermore Notes”) at an aggregate purchase price equal to the outstanding principal amount of the Evermore Notes for which the Notes Option is being exercised plus any accrued and unpaid interest thereon (the “Exercise Price”), all in accordance with the provisions of this Section 3.
Notes Option. ▇▇▇▇ ▇▇▇▇▇▇▇▇ hereby grants to such Person or Persons as PJC and Triax may at any time designate in writing (each an “Optionee”) the option (the “Notes Option”) to buy from ▇▇▇▇ ▇▇▇▇▇▇▇▇ all or a portion thereof of the New Senior Notes purchased pursuant to Section 1(a) of this Agreement and then held by ▇▇▇▇ ▇▇▇▇▇▇▇▇ (all such New Senior Notes, the “▇▇▇▇ ▇▇▇▇▇▇▇▇ Notes”) at an aggregate purchase price equal to the outstanding principal amount of the ▇▇▇▇ ▇▇▇▇▇▇▇▇ Notes for which the Notes Option is being exercised plus any accrued and unpaid interest thereon (the “Exercise Price”), all in accordance with the provisions of this Section 3.
Notes Option. The Parties and Mimesis agree that, at any time after the issuance of the New Senior Notes until the date that is the eighteenth month anniversary thereof (the “Option Period”), the Parties shall have the option (the “Notes Option”) to require Mimesis to sell to the Parties, allocated equally between them, all or a portion of the New Senior Notes purchased pursuant to Section 1(a) of this Agreement and then held by Mimesis (all such New Senior Notes, the “Mimesis Notes”) at an aggregate purchase price equal to the outstanding principal amount of the Mimesis Notes for which the Notes Option is being exercised plus any accrued and unpaid interest thereon (the “Exercise Price”), all in accordance with the provisions of this Section 3.
Notes Option. The Parties and Bulldog agree that, at any time after the issuance of the New Senior Notes until the date that is the eighteenth month anniversary thereof (the “Option Period”), the Parties shall have the option (the “Notes Option”) to require the Bulldog Affiliates to sell to the Parties, allocated equally between them, all or a portion of the New Senior Notes purchased pursuant to Section 1(a) of this Agreement and then held by the Bulldog Affiliates, allocated among the Bulldog Affiliates on a pro rata basis, (all such New Senior Notes, the “Bulldog Notes”) at an aggregate purchase price equal to the outstanding principal amount of the Bulldog Notes for which the Notes Option is being exercised plus any accrued and unpaid interest thereon (the “Exercise Price”), all in accordance with the provisions of this Section 3.