Common use of Sale of the Note Clause in Contracts

Sale of the Note. Subject to the terms and conditions hereof, the Seller will sell and deliver to the Purchaser and the Purchaser will purchase from the Seller, upon the execution and delivery hereof, the Note for an aggregate of Two Million Seven Hundred and Twenty Five Thousand Dollars ($2,725,000) (the "Purchase Price"). Seller represents and warrants that it is the sole owner of the Note, free and clear of all claims, liens or encumbrances of any nature. Seller agrees to waive any claim for accrued but unpaid interest.

Sale of the Note. Subject to the terms and conditions hereof, the Seller will sell and deliver to the Purchaser and the Purchaser will purchase from the Seller, upon the execution and delivery hereof, the Note for an aggregate of One Million Two Million Seven Hundred Twenty Three Thousand Nine Hundred Sixty Dollars and Twenty Five Thousand Dollars 56/00 ($2,725,0001,223,960.56) (the "Purchase Price"). Seller represents and warrants that it is the sole owner of the NoteNotes, free and clear of all claims, liens or encumbrances of any nature. Seller agrees to waive any claim for accrued but unpaid interest.