Repayment of Promissory Note. Maker shall pay to the order of Holder the Loan Amount, with interest accruing at the current Local Agency Investment Fund (LAIF) interest rate of .28 percent per annum, as follows:
Repayment of Promissory Note. (a) Xxxxxx previously borrowed funds from the Company to pay a portion of the purchase price of the Residence. Such borrowing is evidenced by that certain Promissory Note dated as of January 4, 2002, made by Xxxxxx in favor of the Company in the principal amount of $483,230.58 Additionally, Xxxxxx and the Company entered into that certain Amended and Restated Pledge Agreement dated as of July 31, 2002, pursuant to which Xxxxxx pledged shares of the Company’s Class B common stock as security for repayment of the Promissory Note.
Repayment of Promissory Note. From the proceeds of the Closing, the principal of and interest on the $100,000 loan made by Xxxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxx Xxxxxxx and Xxxxxxx Xxxxx to the Company shall be repaid in its entirety; PROVIDED, HOWEVER, that the Company may repay principal and interest on such loan after October 31, 1997 if Warburg shall have been paid all amounts required pursuant to the third sentence of Section 1.7 as of such date.
Repayment of Promissory Note. Section 6.20 is hereby added to the Agreement under Article VI, Negative Covenants:
Repayment of Promissory Note. At Closing Target shall repay the promissory note of Acquiror dated December 16, 2003, and payable in the principal amount of $20,000, plus interest, to Bxxxx Xxxxxxxxx.
Repayment of Promissory Note. Tondera shall be obligated to pay the Company the total amount that Xxxxxxx owes to the Company under his Promissory Note, dated April 2,000 0, as amended on July 17,2002 (the "Note"). During the Consultation Period and following his execution of the release agreement contemplated by Section 3.3, Tondera shall make payments on the Note by making installment paymenxx xx xhe Company in the amount of Nine Thousand One Hundred Sixty Six and 66/100 Dollars ($9,166.66) each immediately upon his receipt of each payment he receives from the Company under Sections 3.2 and 3.3 of this Agreement until the Note has been paid in full. In the event that Tondera has not paid the Note in full after making the payments requxxxx xx this Section 4, Tondera shall be obligated to pay any remaining amount owed under thx Xxxx in accordance with the terms of the Note. A true and correct copy of the Note is incorporated herein and attached hereto as Exhibit A to this Agreement.
Repayment of Promissory Note. On the Closing Date, subject to the closing of Buyer’s Small Business Administration loan that will provide Buyer with proceeds sufficient to pay off the Promissory Note (the “SBA Loan”), Buyer shall repay the total outstanding balance of the Promissory Note in the amount of One Million Seven Hundred Thousand Dollars ($1,700,000.00) by wire transfer of immediately available funds to an account specified in writing by Seller against delivery by Seller of the original Promissory Note, marked “Paid in Full.”
Repayment of Promissory Note. Pursuant to the terms of a promissory note entered into between you and the Company dated June 20, 2002 (and as amended thereafter in March 2003) (the “Note”) you agree to repay the outstanding principle and accrued interest pursuant to the terms of the Note.
Repayment of Promissory Note. Subject to the terms and conditions of this Agreement, UIH will, at the Closing, repay to VTR all sums owing under the Promissory Note, including any accrued but unpaid interest thereon through the Closing Date.
Repayment of Promissory Note. UIH shall repay the Promissory Note, according to its terms (including any interest accrued but unpaid thereon through the Closing Date) by wire transfer of immediately available funds to an account designated by VTR. VTR shall send written notice to UIH designating such account not later than three Business Days prior to the Closing Date.
