Note Buyer definition
Examples of Note Buyer in a sentence
As security for the payment of the Note, Buyer shall grant Seller a security interest in the Stock pursuant to the Security Agreement attached hereto as Exhibit B.
At all times prior to the full payment of the Promissory Note, Buyer shall maintain in full force and effect (and renew, when required) all licenses, permits, consents and authorizations which are material to the Business as a whole and prosecute diligently any pending applications with respect thereto, perform all obligations imposed upon it by law and to retain and maintain all the property used in the operation of the Business.
If the Company fails to provide a Pre-Notice for a Subsequent Placement, and engages in such Subsequent Placement, then Buyer may notify the Company and for as long as any amount is outstanding under the Note, Buyer shall have an option to engage in a placement on identical terms.
As set forth in the Promissory Note, Buyer may pay the Promissory Note early, at any time, without penalty.
Each of Mirant, Buyer, Note Buyer and the Stockholder shall keep the others apprised in a prompt manner of the status and substance of any communications with, and inquiries or requests for additional information from, the FTC and the DOJ and shall comply promptly with any such inquiry or request.
In consideration for the Note, Buyer shall pay to Seller, by wire transfer in immediately available funds, One Hundred Million U.S. Dollars (U.S. $100,000,000) (the "Consideration").
Note: Buyer is responsible for freight-in on “freight collect” shipments.
As security for the payment of the Promissory Note, Buyer and the Company shall execute and deliver at Closing a Security and Pledge Agreement in the form attached hereto as Exhibit C (the “Security Agreement”) with respect to the Shares held by Buyer after Closing and certain equipment owned by the Company.
Notwithstanding any provision to the contrary contained in this Agreement, upon DMC’s receipt of the Note, Buyer shall have no further obligations under Sections 12.4(b) through 12.4(f).
Prior to payment in full of the 1999 Note, Buyer will not increase prices to any former customer of Seller by more than ten percent (10%) in the aggregate without Sellers' prior written approval, provided that such approval shall not be unreasonably withheld.