Interim Payments Note definition
Interim Payments Note means that certain unsecured promissory note in the aggregate principal amount of $4,500,000 issued on the Issue Date by the Issuer to Iroko Pharmaceuticals, LLC.
Interim Payments Note means that certain unsecured promissory note in the aggregate principal amount of $4,500,000 issued on the Closing Date by the Borrower to Iroko Pharmaceuticals, LLC.
Examples of Interim Payments Note in a sentence
The Company shall have received evidence reasonably satisfactory to it that, after giving effect to the Plan, Buyer Parent shall have no outstanding Indebtedness other than (1) the aggregate principal amount of $95,000,000 of New Senior Secured Notes and (2) the Interim Payments Note.
At the Closing, the Buyer Parent shall (directly or, with respect to the Equity Consideration only, through a designated Affiliate) pay, issue or otherwise deliver to the Company or its Permitted Designees: (i) the Equity Consideration, (ii) the Notes Consideration and (iii) the Interim Payments Note Consideration (collectively, the “Closing Consideration”).