Common use of Amount of Debt Clause in Contracts

Amount of Debt. The initial amount of the debt shall be Twenty-Five Thousand Dollars ($25,000), which Coral shall fund to UAN POWER at the time of the signing of this Promissory Note Agreement via. the assumption and replacement of the Promissory Note Agreement between Coral and Renewable Energy Solution Systems, Inc. In the event that UAN POWER is in need of additional funds to maintain its status as a fully reporting company with the SEC, Coral agrees to advance to UAN POWER additional funds to be used to maintain this status.

Appears in 2 contracts

Sources: Promissory Note (UAN Power Corp), Promissory Note (UAN Power Corp)

Amount of Debt. The initial amount of the debt shall be TwentyFifty Thousand Four Hundred Forty-Five Thousand Six &97/100 Dollars ($25,00050,446.97), which Coral shall fund to UAN POWER ▇▇▇▇▇ SPRINGS at the time of the signing of this Promissory Note Agreement via. the assumption and replacement of the Promissory Note Agreement between Coral and Renewable Energy Solution Systems, Inc. In the event that UAN POWER ▇▇▇▇▇ SPRINGS is in need of additional funds to maintain its status as a fully reporting company with the SEC, Coral agrees to advance to UAN POWER ▇▇▇▇▇ SPRINGS additional funds to be used to maintain this status.

Appears in 1 contract

Sources: Promissory Note (Sandy Springs Holdings, Inc.)