Promissory Note and Warrant Sample Clauses

Promissory Note and Warrant. Subject to the conditions and on the terms of this Section 1.1, the Lender will lend up to Two Million Two Hundred Fifty Thousand Dollars ($2,250,000) to the Company in multiple installments in exchange for a Note and Warrants in the amount of each installment. The first installment of Six Hundred Twenty Thousand Dollars ($620,000) shall be delivered to the Company upon the execution of this Agreement. The Company shall issue 620,000 Warrants to the Lender in connection with that first installment. The Lender shall lend additional installments to the Company in amounts as requested by the Company; provided however, that the Company shall provide the proposed use of proceeds for each requested amount. The Lender shall have sole discretion in determining whether the proposed use of proceeds is acceptable to the Lender.
Sample 1
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Promissory Note and Warrant. The Lender will lend to the Company ___________________ Dollars ($____,000) in exchange for the Note and the Warrants to purchase ____________ (___________,000) shares of common stock of the Company.
Sample 1
Promissory Note and Warrant. Subject to the conditions and on the terms of this Section 1.1, the Lender will lend up to Two Million Dollars ($2,000,000) to the Company in multiple installments in exchange for a Note and Warrants in the amount of each installment. The first installment of Three Hundred Thirty Four Thousand Nine Hundred Five Dollars ($334,905) (“First Installment”) shall be delivered to the Company upon the execution of this Agreement. The Company shall issue 334,905 Warrants to the Lender in connection with that First Installment. Post-Stock Split, the Lender shall lend additional installments to the Company in amounts as requested by the Company; provided however, that the Company shall provide the proposed use of proceeds for each requested amount. Each proposed use of proceeds for each requested amount shall specify that the majority of the proceeds shall be used for the acquisition of low risk oil and gas rights in geographic regions with stable governments. The Lender shall have sole discretion in determining whether the proposed use of proceeds meets those requirements. The Company and Lender acknowledge and agree that the Note and Warrants issued in exchange for the First Installment will not be affected by the Stock Split and any future installments shall be treated on a post-Stock Split basis.
Sample 1
Promissory Note and Warrant. Subject to the conditions and on the terms of this Section 1.1, the Lender will lend up to Two Million Dollars ($2,000,000) to the Company in multiple installments in exchange for a Note and Warrants in the amount of each installment. The first installment of Five Hundred Thousand Dollars ($500,000) shall be delivered to the Company upon the execution of this Agreement. The Company shall issue 500,000 Warrants to the Lender in connection with that first installment. Post-Stock Split, the Lender shall lend additional installments to the Company in amounts as requested by the Company; provided however, that the Company shall provide the proposed use of proceeds for each requested amount. The Lender shall have sole discretion in determining whether the proposed use of proceeds is acceptable to the Lender. The Company and Lender acknowledge and agree that the Note and Warrants issued in exchange for the First Installment will not be affected by the Stock Split and any future installments shall be treated on a post-Stock Split basis.
Sample 1
Promissory Note and Warrant. Subject to the conditions and on the terms of this Section 1.1, the Lender will lend up to Two Million Four Hundred Thousand Dollars ($2,400,000) to the Company in multiple installments in exchange for a Note and Warrants in the amount of each installment. The first installment of Four Hundred Sixty Thousand Dollars ($460,000) shall be delivered to the Company upon the execution of this Agreement. The Company shall issue 460,000 Warrants to the Lender in connection with that first installment. The Lender shall lend additional installments to the Company in amounts as requested by the Company; provided however, that the Company shall provide the proposed use of proceeds for each requested amount. Each proposed use of proceeds for each requested amount shall specify that the majority of the proceeds shall be used for the requirements specified in the Development Agreement dated April 12, 2011, by and between the Company and Range Kentucky Holdings LLC (“Development Agreement”) or alternative development projects in further of the Company's growth strategy. The Lender shall have sole discretion in determining whether the proposed use of proceeds meets those requirements.
Sample 1
Promissory Note and Warrant 
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Related to Promissory Note and Warrant

  • Promissory Note The Promissory Note as set forth in Section 2;

  • Purchase of Debentures and Warrants On the Closing Date (as defined below), the Company shall issue and sell to each Buyer and each Buyer severally agrees to purchase from the Company such principal amount of Debentures and number of Warrants as is set forth immediately below such Buyer's name on the signature pages hereto.

  • Promissory Notes Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its permitted registered assigns) and in a form attached hereto as Exhibit C. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its permitted registered assigns).

  • Purchase of Convertible Debentures Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at each Closing and the Company agrees to sell and issue to each Buyer, severally and not jointly, at each Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer’s name on Schedule I hereto.

  • Convertible Note 9 Section 3.8

  • The Purchase Agreement This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.

  • Purchase of Notes and Warrants On the Closing Date, the Subscriber will purchase the Notes and Warrants as principal for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

  • Notes and Warrants Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, shall purchase from the Company on the Closing Date (as defined below), a Note in the original principal amount as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers along with Warrants to acquire up to that aggregate number of Warrant Shares as is set forth opposite such Buyer’s name in column (4) on the Schedule of Buyers.

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

  • Purchase and Sale of Debentures and Warrants (a) Upon the following terms and conditions, the Company shall issue and sell to each Purchaser, and each Purchaser shall purchase from the Company, that number of Units set forth beside each Purchaser’s name on Exhibit A, for the purchase price of Cdn$1,000 per Unit (the “Unit Price”), for aggregate gross proceeds to the Company of Three Million Dollars (Cdn$3,000,000). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon (i) the exemptions from securities registration requirements of the United States Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the "U.S. Securities Act"), including Rule 506 of Regulation D under the U.S. Securities Act ("Regulation D") and/or Section 4(2) of the U.S. Securities Act; and (ii) exemptions from the prospectus filing requirements in Canada and pursuant to exemptions from provincial securities laws.

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