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Common use of Seller Note Clause in Contracts

Seller Note. On the date hereof Purchaser shall lend to Seller and Seller shall borrow from Purchaser the sum of $500,000 pursuant to the Seller Note.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Professional Transportation Group LTD Inc), Securities Purchase Agreement (Logistics Management Inc)

Related Clauses

  • Supplier                                Note
  • Note Purchase Agreement
  • Purchase Agreements
  • REVERSE REPURCHASE AGREEMENTS
  • Repurchase Agreements

Parent Clauses

  • Purchase Price
  • Purchase and Sale Closing
  • Miscellaneous
  • REPRESENTATIONS AND WARRANTIES
  • NEGATIVE COVENANTS

Sub-Clauses

  • Restrictions on Transfer of Seller Note
  • Seller Note
  • Aggregate Amount
  • Discretion; Aggregate Amount
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