Subscription Note definition
Examples of Subscription Note in a sentence
Closing Fees: Dedicated Office Subscription: (Note, this applies to Dedicated Office Subscriptions only.) Upon termination of this Agreement, Client will return the Dedicated Space(s) and furniture in as good a condition as when client commenced use, normal wear and tear excepted.
Wyndham International $ 37,310 Subscription Note issued by paired share company Operating Partnership, L.P. (as of 6/25/99) to other paired share company which did not receive assets in the WI transaction.
Patriot American Hospitality, $ 34,591,050 Subscription Note issued by paired share company Inc.
Upon liquidation or dissolution, the EnCana (US) Subscription Note will accelerate and the property of the US Refinery LLC (which includes amounts paid under the EnCana (US) Subscription Note) shall be distributed to the Members on an undivided basis in accordance with Treasury Regulations paragraph 1.704-1(b)(2)(ii) and the former Members shall use all commercially reasonable efforts to negotiate a joint operating agreement to govern the ownership and operation of the Refinery Assets.
Capital requirements of the US Refinery LLC will be funded, to the extent available, with amounts paid by EnCana (US) to the US Refinery LLC under the EnCana (US) Subscription Note.
This Note, the CNote Terms (to the extent applicable), and the Private Placement Memorandum and Subscription Note contemporaneously provided to the Lender herewith set forth the entire agreement and understanding of the parties hereto relating to the relationship between the Lender and the Borrower and supersedes all prior or contemporaneous discussions, understandings, and agreements, whether oral or written, between the parties hereto relating to the subject matter of this Note.
In the event for any reason such assignment is not effected as contemplated above, upon receipt of payment of the Share Subscription Note, JVCO shall transfer the funds received in such payment to Old BVI in order to fund the payment of the Share Purchase Price.
Payment of the Initial Note shall be personally guaranteed by ▇▇▇▇ ▇▇▇▇▇▇ ("▇▇▇▇▇▇"), the sole member of the Subscriber, pursuant to the form of personal guaranty attached as an exhibit to the Subscription Note (the "Guaranty").
The Subscription Note shall be for a term of 12 months from the Closing Date (as defined hereafter) and shall bear simple interest at the rate of 6% per annum; provided however Subscriber shall be required to make an initial payment on the Subscription Note pursuant to the terms thereof on or before 5:00 PM, March 27, 2003.
The Purchase Price shall be payable by the Subscriber to the Company at the Closing (as defined hereafter) in the form of a promissory note in the principal amount of $270,000 in the form attached hereto as Exhibit A (the "Subscription Note").