Payment Amount definition
Examples of Payment Amount in a sentence
Subject to the approval of the TSX Venture Exchange (the “Exchange”) of the transactions contemplated herein (the “Exchange Acceptance”), the Company hereby agrees to issue the Units to the Vendor, or as directed by the Vendor, and the Vendor hereby agrees to accept the Units at a deemed price of US$0.105 per Unit in full and complete payment and satisfaction of the Payment Amount or such portion thereof as may result from adjustment provided in the Option Agreement.
On the Maturity Date, the entire then Payment Amount (or, if an Event of Default shall have previously occurred, the entire Default Amount) shall become immediately due and payable.
Dated: [Insert Date] FOR VALUE RECEIVED, Blackstone Infrastructure Strategies L.P. (“Payor” or the “Partnership”), a Delaware limited partnership issuing its limited partnership units (“Units”), hereby promises to pay [insert name of payee] (“Payee”), the Payment Amount (as defined in Section 2) in a single installment as discussed below.
The Payor will pay the Payment Amount under this Note in a single installment in such currency of the United States of America as will be legal tender at the time of payment.