Note Repayment. All repayments shall be made in lawful money of the United States of America by wire transfer to a bank account to be designated by the Lender. All Notes outstanding under the Purchase Agreement, and any other Note Purchase Agreement outstanding by the Company as of the date hereof, shall rank equally without preference or priority of any kind with respect to one another, and all payments with respect to any of the Notes that have not been converted shall be applied ratably in proportion to the Loan Amounts represented thereby. The Company shall be entitled to repay all or any portion of the principal or accrued interest outstanding under the Notes upon prior written notice to the Lender.
Note Repayment. The Note shall be repayable as follows:
Note Repayment. Notwithstanding anything herein to the contrary, the Notes will survive the Separation Time. At the Closing, if the full proceeds of the Red Lion Financing are available to USHC, USHC will make the Note Repayment to Indigo and Alberta, as applicable.
Note Repayment. Within seven days of the Closing, Company shall repay the indebtedness plus all accrued interest owed to Purchaser by Company in the original principal amount of $500,000 and by LinuxMall, Inc. in the original principal amount of $500,000. Purchaser agrees to extend the term of payment of each note representing such indebtedness to the date seven days from the Closing.
Note Repayment. The Borrower undertakes to pay all amounts due on this Note out of the proceeds from and on the closing dates of sales by the Borrower of any equity or debt instruments in amounts equal to fifteen percent (15%) of net future financings until such time that all amounts due under the Note have been repaid.
Note Repayment. In the event that the Extended Maturity Date Option is exercised, the principal and interest accruing on the Note shall be repayable in the manner provided therein.
Note Repayment. Proceeds from the Red Lion Financing sufficient to complete the Note Repayment shall be available.
Note Repayment. Except as provided on Schedule 6.02(i), all indebtedness payable to the Principal Shareholder or any affiliates including Xxxxxxx-MC, Incorporated and its respective affiliates shall have been converted to Company capital stock.
Note Repayment. Immediately following the Effective Time: --------------
Note Repayment. The Loans shall initially be evidenced by and --------------- repaid in accordance with a single promissory note duly executed on behalf of Borrower, substantially in the form of Exhibit 2.02, attached hereto, dated as ------------ of the date of Closing, in a principal amount equal to the Maximum Credit as initially fixed herein, and payable to the order of Bank. Such note and any and all amendments, extensions, modifications, renewals, reaffirmations, restatements, replacements and substitutions thereof and therefor are herein referred to as the "NOTE".
