Sales Terms. Upon the exercise of the Call Mechanism by SIG or IGF, SIG or IGF will execute a promissory note payable to CNA in the principal amount equal to the amount owed to CNA as specified in this subsection, which shall be dated as of the date of the exercise of the Call Mechanism. The principal shall be due and payable if not sooner paid, on the date which is thirty (30) days from the date of the note. The note shall not bear any interest for the full term thereof.
Appears in 3 contracts
Sources: Strategic Alliance Agreement (Goran Capital Inc), Strategic Alliance Agreement (Symons International Group Inc), Strategic Alliance Agreement (Symons International Group Inc)