Common use of Note Payable Clause in Contracts

Note Payable. Prior to Closing Seller shall pay off the note ------------ payable to Cendant Corporation and Buyer shall be entitled to no reduction in Purchase Price for such note to the extent that Seller pay it off.

Appears in 1 contract

Sources: Asset Purchase Agreement (Hollywood Park Inc/New/)

Note Payable. Prior to Closing Seller shall pay off the note ------------ payable to Cendant Corporation and Buyer shall be entitled to no reduction in Purchase Price for such note to the extent that Seller pay it off.

Appears in 1 contract

Sources: Asset Purchase Agreement (Penn National Gaming Inc)