Company Note. The Company and the Preferred Holder shall have delivered to Parent the Company Note dated December 28, 2011.
Company Note. Servicer shall make all appropriate record keeping ------------ entries with respect to the Company Note or otherwise to reflect the foregoing payments and adjustments pursuant to Section 3.2, and Servicer's books and ----------- records shall constitute rebuttable presumptive evidence of the principal amount of and accrued interest on the Company Note at any time. Furthermore, Servicer shall hold the Company Note for the benefit of Originator, and all payments under the Company Note shall be made to the Servicer for the account of the applicable payee thereof. Originator hereby irrevocably authorizes Servicer to xxxx the Company Note "CANCELLED" and to return the Company Note to the Company upon the final payment thereof after the occurrence of the Transfer Termination Date.
Company Note. The Members have agreed to permit Sub restructure certain existing indebtedness owed to the Members by the Company in the principal amount of $300,000.00, into a thirty-six (36) month term loan bearing interest at a rate of five percent (5%) per annum, and otherwise evidenced by a subordinated promissory note in the form attached hereto as Exhibit C (the "Company Note"), to be delivered by Sub to the Members at the Closing.
Company Note. Stockholder hereby agrees to validly tender pursuant to and in accordance with the terms of the Offer to Purchase (as contemplated in the Merger Agreement), as soon as practicable after commencement but in no event later than the scheduled expiration date of the Offer to Purchase, all of the outstanding Company Notes beneficially owned by the Stockholder; provided in any event that the total consideration received by the Stockholder for each such Company Note (but, for the avoidance of doubt, not any related consent) is no less than the total consideration received by any other holder of Company Notes in respect of such Company Notes (excluding any related consents).
Company Note. The Loan shall be evidenced by a Promissory Note in the ------------ principal amount of $2,000,000 (the "Company Note"), which shall be in the form of Exhibit "B" attached hereto. The Company agrees to make principal and interest payments under the Company Note directly to the Purchaser at its address set forth in Section 11.2 herein, or at such other address as the Purchaser may in writing so direct. If at maturity of the Note, the Company's leasehold interest in the Property has been extended for a period equal to or greater than five (5) years from the date of maturity of the Note, and the Company shall not have been in default under this Loan Agreement or the Note, then the outstanding balance of the Note shall be renewed for an additional twenty-eight (28) month period, at the interest rate set forth in the Note, with payments ammortized over a fifteen (15) year period. Provided that (i) in no event shall the term of the financing evidenced by this Loan Agreement exceed seven (7) years, and (ii) the loan shall at all times conform to the requirements of Title 74 Oklahoma Statutes, (S)869.
Company Note. Sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon or with respect to any Company Note or any interest therein.
Company Note. The Seller shall deliver to the Company, by and on behalf of the Buyer in connection with the Company Purchase, the Promissory Note issued by Company to Seller in connection with that certain NIB Transfer Agreement dated March 11, 2013, duly endorsed over to Buyer and listed on a Xxxx of Sale in the form attached hereto in Exhibit D.
Company Note. Further to insure the attachment, perfection and first ------------ priority of, and the ability of the Lender to enforce, the Lender's security interest in the Company Note, the Company shall, on or prior to the Funding Date, endorse, assign and deliver the Company Note to the Lender, accompanied by such instruments of transfer or assignment duly executed in blank as the Lender may from time to time specify.
Company Note. Servicer shall make all appropriate record keeping entries ------------ with respect to the Company Note or otherwise to reflect the foregoing payments and adjustments pursuant to Section 3.2, and Servicer's books and records shall ----------- constitute rebuttable presumptive evidence of the principal amount of and accrued interest on the Company Note at any time. Furthermore, Servicer shall hold the Company Note for the benefit of Originator (except as and to the extent the Agent and the Company shall otherwise consent in writing), and all payments under the Company Note shall be made to the Servicer for the account of the applicable payee thereof. Originator hereby irrevocably authorizes Servicer to xxxx the Company Note "CANCELLED" and to return the Company Note to the Company upon the final payment thereof after the occurrence of the Purchase Termination Date.
Company Note. On October 27, 2017, the Company issued to Skyline Medical a secured promissory note (the “Company Note”) pursuant to which Skyline Medical has advanced an aggregate amount of $500,000 to the Company. Effective as of the Closing Date and continuing until no obligations remain outstanding under the Company Note, Skyline Medical shall have the option to convert the principal balance of the Company Note into such number of shares of common stock, $0.001 par value per share, of the Company that is equal to five percent (5%) of the then-outstanding common stock of the Company on the date of conversion. Notwithstanding the statement of intention in Section 3 of that certain Term Sheet Relating to a Proposed Joint Venture Agreement dated November 15, 2017 between the Company and Skyline Medical, it is not contemplated that the Company Note will be contributed to said joint venture, and the proposed joint venture will be modified so that Skyline’s interest will not be based on the Company Note.
