Payment of Purchase Price and Delivery of Note. The purchase price of the Note shall be Five Million Dollars ($5,000,000) an amount equal to the sum of the unpaid principal amount of the Note plus accrued but unpaid interest on the Note on the closing date (the “Closing Date”) for the sale and purchase of the Note. The entire purchase price of the Note is to be paid in cash by DMIC to WBM on the Closing Date against delivery of the Note.
Appears in 1 contract
Sources: Surplus Note Purchase Agreement (Donegal Group Inc)
Payment of Purchase Price and Delivery of Note. The purchase price of the Note shall be Five Million Dollars ($5,000,000) ), an amount equal to the sum of the unpaid principal amount of the Note Note, plus accrued but unpaid interest on the Note on the closing date (the “Closing Date”) for the sale and purchase of the Note. The entire purchase price of the Note is to be paid in cash by DMIC to WBM on the Closing Date against delivery of the Note.
Appears in 1 contract
Sources: Merger Agreement (Donegal Group Inc)