Sale and Issuance of Note Clause Samples
The "Sale and Issuance of Note" clause defines the terms under which a promissory note is created and sold to an investor. It typically outlines the process by which the company issues the note, the purchase price, and the conditions that must be met for the sale to occur. This clause ensures that both parties understand when and how the note is formally executed and delivered, providing legal clarity and establishing the basis for the investor's rights and obligations under the note.
Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase at the Closing (as defined below), and the Company agrees to sell and issue to the Purchaser at the Closing: the Note in substantially the form attached hereto as Exhibit A in the principal amount of US$150,000.
Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, Investor agrees to purchase at the Closing, and the Company agrees to sell and issue to Investor at the Closing, one Note in the principal amount of Ten Thousand Dollars ($10,000.00) (the "NOTE") upon receipt of such amount.
Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, Investor agrees to purchase at the Closing (as defined below), and the Company agrees to sell and issue to Investor at the Closing, the Note in the principal amount set forth on the signature page hereto (the “Note Principal”) to purchase at $0.60 per share (the “Exercise Price”) that number of Shares equal to the quotient obtained by dividing the Note Principal by the Exercise Price (and where the reference is applicable, the Note and all equity underlying the Note, collectively, the “Securities”).
Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase at the Closing (as defined below) and the Company agrees to sell and issue to the Purchaser to a convertible promissory note, which is in the form attached as Exhibit A hereto (the “Note”), in the total principal amount of One million U.S. dollars (US$1,000,000) (the “Total Principal Amount”). The purchase price of the Note shall be equal to 100% of the Principal Amount of such Note (the “Purchase Price”). The terms and conditions of the Note, including but not limited to, the interest, repayment, conversion, and others, are stipulated in the Note.
Sale and Issuance of Note. Subject to the terms and conditions hereof, and in reliance upon the representations, warranties and covenants contained herein, (a) Purchaser agrees to lend to the Company, and (b) the Company agrees to borrow from Purchaser, the amount set forth opposite Purchaser’s name on Exhibit A attached hereto and the Company agrees to issue and deliver an unsecured convertible note (the “Note”) to Purchaser in such amount. The Note issued pursuant to this Section 1 shall be convertible into shares of common stock of the Company under the terms and conditions provided in the Note (the “Conversion Shares”). Purchaser shall, upon signing this Agreement, pay to the Company the full amount of the funds owed by Purchaser (as set forth on the signature page and Exhibit A) in cash by either check or wire transfer of immediately available funds as set forth on the cover page of this Agreement.
Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, at the Closing, the Company agrees to issue and sell the Note with a principal value of US$500 million to the Purchaser, and, in exchange, the Purchaser agrees to subscribe for and purchase the Note from the Company for an aggregate price of US$500 million (being 100% of the face value thereof) (the “Purchase Price”).
Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, Investor agrees to purchase at the Closing (as defined below), and the Company agrees to sell and issue to Investor at the Closing, the Note in the principal amount set forth on the signature page (and where the reference is applicable, the Note and all equity underlying the Note, collectively, the “Securities”). The Note is one of a duly authorized series of Notes of the Company which are substantively substantially identical except for the variations necessary to express the name of the Investor, number, interest commencement date and the principal amount under each Note.
Sale and Issuance of Note. At the Closing (as hereinafter defined), on the terms and subject to the conditions of this Agreement, the Purchaser agrees to purchase from the Company, and the Company agrees to issue and sell to the Purchaser, the Note.
Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, the Investor agrees to purchase at the Closing (as defined below), and the Company agrees to sell and issue to the Investor at the Closing, the Note, at a price equal to 100% of the principal amount thereof, less the fees and expenses of Investor's counsel pursuant to Section 6.8 hereof (the "Purchase Price"). At the option of the Investor, the Investor may loan to the Company additional monies in the amount of up to Two Million Dollars ($2,000,000) to be used in connection with acquisitions by the Company. Any such additional loan shall be made under substantially the same conditions as the loan described herein, and in the event Investor makes such loan, the Company shall execute an additional promissory note in the principal amount of such additional loan, such note to be in substantially the same form as the Note.
Sale and Issuance of Note. Subject to the terms and conditions of this Agreement, each Purchaser agrees to purchase at the Closing (as defined below) and the Company agrees to sell and issue to each Purchaser a Note in the principal amount set forth opposite such Purchaser’s name on the signature page hereto. The purchase price of each Note shall be equal to 100% of the principal amount of such Note. The Company’s agreements with each of the Purchasers are separate agreements, and the sales of the Notes to each of the Purchasers are separate sales.