Sale and Purchase of Note Sample Clauses
The 'Sale and Purchase of Note' clause establishes the agreement between parties for the transfer of a promissory note from the seller to the buyer. It typically outlines the specific note being sold, the purchase price, and the terms under which the transfer will occur, such as the closing date and any conditions precedent. This clause serves to clearly define the transaction, ensuring both parties understand their obligations and the terms of the note's transfer, thereby reducing the risk of disputes regarding ownership or payment terms.
Sale and Purchase of Note. Subject to the terms and conditions of this Agreement, the Company will issue and sell to you and you will purchase from the Company, at the Closing provided for in Section 3, the Note at the purchase price of 100% of the principal amount of the Note (the “Purchase Price”).
Sale and Purchase of Note. 2.1 Subscription for Note by Investor. Subject to the terms and conditions of this Agreement, on the Closing Date (as hereinafter defined), the Investor shall purchase, and the Company shall sell and issue to the Investor, the Note, for the Purchase Price.
Sale and Purchase of Note. The Company will sell the Note to the Purchaser and the Purchaser agrees to purchase the principal amount of the Note set opposite his/her/its names, subject to the terms and conditions hereof and in reliance upon the representations and warranties of the Company contained herein, at the purchase price of 100% of the principal amount.
Sale and Purchase of Note. Upon the terms, conditions, representations and warranties set forth in this Agreement, WBM hereby agrees to sell the Note to DMIC and DMIC hereby agrees to purchase the Note from WBM.
Sale and Purchase of Note. Subject to the terms and conditions hereof, the Company hereby sells to the Investor, and the Investor hereby purchases from the Company, a secured promissory note in the form attached hereto as Exhibit A (the “Note”) in the principal amount of $100,000, for a purchase price of $100,000. Interest will accrue on the unpaid principal balance of the Note at the rate of six percent (6%) per. All principal and unpaid interest shall be due and payable on November 5, 2013.
Sale and Purchase of Note. Subject to the terms and conditions of this Agreement, the Company will issue and sell to the Purchaser, and the Purchaser will purchase from the Company, on the date hereof, a Note in the principal amount specified opposite the Purchaser’s name in Exhibit A at the purchase price of 100% of the principal amount thereof.
Sale and Purchase of Note. The Company agrees to issue to the Purchaser, and the Purchaser agrees to purchase from the Company, the 8% Secured Promissory Notes due on December 31, 2006 (collectively, the "Note") which has been accepted by the Company in an amount as indicated adjacent to the Purchaser's name on the last page of this Agreement (the "Purchase Price"). The form of Note is attached hereto as Exhibit A. The issuance by the Company of any Note hereunder will be in increments of $50,000.
Sale and Purchase of Note. On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions hereof, the Company agrees to issue to the Investor, and the Investor agrees to purchase from the Company, a convertible subordinated note of the Company due on the Maturity Date in the maximum principal amount of $5,000,000 and in the form attached hereto as Exhibit B (the "Note") for an aggregate purchase price of up to $5,000.000 in cash paid in the form of advances pursuant to Section 2.2. The terms of the Note are hereby incorporated herein by reference.
Sale and Purchase of Note. The Seller hereby transfers and sells to each Purchaser, and each Purchaser hereby accepts and purchases from the Seller, the respective promissory notes at the respective purchase prices set forth below:
(A) Promissory Note of even date herewith in the original principal amount of $1,200,000 made payable to Pacific, in the form attached hereto as Exhibit ▇- ▇ (together with any amendments, modifications, extensions or renewals thereof, the "Pacific Note") to be purchased for a purchase price of $1,188,000; and
(B) Promissory Note of even date herewith in the original principal amount of $800,000 made payable to Equitas, in the form attached hereto as Exhibit A-2 (together with any amendments, modifications, extensions or renewals thereof, the "Equitas Note") to be purchased for a purchase price of $792,000; (the Pacific Note and the Equitas Note being collectively referred to herein as the "Notes").
Sale and Purchase of Note. Subject to the terms and conditions of this Agreement, the Company will issue and sell to the Purchaser and the Purchaser will purchase from the Company, at the Closing provided for in Article III, the Note in the aggregate principal amount of $50,000,000 at the purchase price of 100% of the principal amount thereof (the “Purchase Price”).