Amount and Terms of the Note Clause Samples
The "Amount and Terms of the Note" clause defines the principal sum of money being loaned and the specific conditions under which it must be repaid. This typically includes details such as the total loan amount, interest rate, repayment schedule, and any applicable fees or penalties. By clearly outlining these financial terms, the clause ensures both parties understand their obligations, reducing the risk of disputes and providing a clear framework for repayment.
Amount and Terms of the Note. Subject to the terms of this Agreement, at the Closing (as defined below) the Company agrees to issue and sell to the Purchaser, and the Purchaser agrees to purchase from the Company, a secured convertible promissory note in the form attached to this Agreement as Exhibit A (the “Note”) in the principal amount set forth on the Purchaser’s signature page hereto (the “Loan Amount”). The principal amount of all Note shall be up to One Hundred and Twenty-Five Thousand Dollars ($125,000).
Amount and Terms of the Note. 1.1 The Note and Warrant at the Initial Closing. Subject to the terms of this Agreement, the Purchaser hereby agrees to purchase at the Initial Closing from the Company and the Company agrees to sell and issue to the Purchaser a Note in the principal amount set forth on Schedule 1 opposite the Purchaser’s name against the issuance and delivery by the Company of such Note and a Warrant to purchase that number of shares of Common Stock indicated with respect to the Purchaser on Schedule 1.
Amount and Terms of the Note. Subject to the terms and conditions of this Agreement, the Company agrees to sell and issue to Investor and Investor agrees to purchase from the Company a secured promissory Note in the form of note attached hereto as Exhibit A (as amended, restated, supplemented or otherwise modified from time to time, the (“Note”) in the aggregate principal amount equal to Two Million Dollars ($2,000,000.00) (the “Aggregate Commitment”). The Note shall not be issued at a discount.
Amount and Terms of the Note. Subject to the terms and conditions of this Agreement, the Company agrees to and does issue, sell and deliver to Purchaser, and Purchaser agrees to and hereby does purchase from the Company in the full amount set forth in the Note (the “Principal Balance”), a Note in the form attached hereto as Exhibit 1, to be signed by the Company and made payable in the amount of the Principal Balance plus Interest as set forth in the Note. Purchaser’s obligation hereunder is unconditional, without limitation, and is not conditioned on the issue and sale of any other Notes to any other person or entity.
Amount and Terms of the Note