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.

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 proceeds of the Offering have been reserved and are sufficient for the purposes of completing the repayment of the Amended Purchase Note in connection with the NOR Acquisition, the HOR Cash Payment in connection with the Henderson Acquisition and for the Deferred Cash Consideration and the Giles Fee in connection with the Spring Oaks Acquisition.

• The Monetization Notes are secured by a pledge of the Purchase Note and the Deed of Guarantee.

• Each Par Three investor received a written agreement from Par Three titled Accounts12 Receivable Purchase Agreement or Accounts Receivable Purchase Loan Agreement and Accounts13 Receivable Purchase Note.

• Accordingly, based on these indemnification rights, the Company ultimately did not make either of the $500,000 payments of principal due on the Purchase Note on May 2, 1996 and May 2, 1997.

• In accordance with that Agreement, the Company, when exercising its indemnification rights, has the right, among other courses of action, to offset against the payment of principal and interest due and payable under the Purchase Note, the value of its indemnification claim.

More Definitions of Purchase Note

Purchase Note means a full recourse promissory note including the terms set forth in Section 7(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 full recourse promissory note with respect to the Purchase Loan in substantially the same form as set forth on Exhibit A.

Purchase Note means a 4% $4,000,000 secured promissory note of the Company, dated August __, 2015 payable to Xxxxxxxx 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 Xxxxxxxx (the “Xxxxxxxx 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 xxxxxxx, and Xxxxxxxx, as pledgee, pursuant to which the Company pleged the Xxxxxxxx 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 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.

Purchase Note means a promissory note, in the form of Exhibit C, dated as of the Closing Date and issued by Buyer to the applicable holder of a Surplus Note pursuant to Section 2.2(b) with a principal amount determined pursuant to Section 2.2(b) and subject to adjustment pursuant to Section 2.3.