Purchase Note definition

Purchase Note means the promissory note substantially in the form of Exhibit A hereto subject to the terms and conditions set forth in this Agreement.

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Purchase Note has the meaning set forth in Section 2.1.

Purchase Note has the meaning ascribed in Section 2.3(a)(ii);

Examples of Purchase Note in a sentence

• The Purchase Note shall be secured by the Collateral as provided in this Section 5.3.

• The Purchase Note shall have the terms and conditions as set forth in this Section 5.

• If an Event of Default shall occur, the unpaid balance of the Purchase Note and interest accrued thereon and all other liabilities of the Optionee to the Company hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.

• This Agreement and the Purchase Note shall be governed by and construed and interpreted in accordance with the laws of the State of Maryland, without regard to its conflict of laws principles.

• The exercise of the Option as contemplated by this Agreement, the acceptance of the Purchase Note by the Company or any term or provision of this Agreement shall not constitute or, except as is specifically provided in a Supplemental Employment Agreement, be evidence of any understanding, express or implied, on the part of the Company or any of its Affiliates to employ the Optionee (or have the Optionee serve as a director) for any period.

More Definitions of Purchase Note

Purchase Note means a full recourse promissory note including the terms set forth in Section 7(a).

Purchase Note means a full recourse promissory note with respect to the Purchase Loan in substantially the same form as set forth on Exhibit A.

Purchase Note has the meaning set forth in (S) 2.5.

Purchase Note means the Purchase Note referenced in the Purchase and Sale Agreement.

Purchase Note means a 4% $4,000,000 secured promissory note of the Company, dated August __, 2015 payable to ▇▇▇▇▇▇▇▇ in consideration and payment for the Company’s redemption and repurchase of ________ shares of Company Common Stock, representing 100% of the shares of Company Common Stock formerly owned of record and beneficially by ▇▇▇▇▇▇▇▇ (the “▇▇▇▇▇▇▇▇ Shares”), a true copy of which Purchase Note has been made available to the Parent. As used in this Agreement, the term “Pledge Agreement” shall mean the pledge agreement, dated August __, 2015 between the Company, as ▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇▇, as pledgee, pursuant to which the Company pleged the ▇▇▇▇▇▇▇▇ Shares to secure payment in full of the Purchase Note; a true copy of which Pledge Agreement has been made available to the Parent.

Purchase Note means the senior secured convertible promissory note in the form of Exhibit B annexed hereto and made a part hereof.

Purchase Note means a promissory note evidencing the Purchase Loan for the balance of the Purchase Price without recourse rights against the maker and with other terms and conditions established by the Committee consistent with the Plan.