Common use of Transaction Expense Amount Clause in Contracts

Transaction Expense Amount. The Note carries an original issue discount of $140,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Note (the “Transaction Expense Amount”). The OID and Transaction Expense amount will be included in the initial principal balance of the Note. The “Purchase Price”, therefore, shall be $2,000,000.00, computed as follows: $2,160,000.00 initial principal balance, less the OID, less the Transaction Expense Amount.

Appears in 1 contract

Sources: Note Purchase Agreement (Tantech Holdings LTD)

Transaction Expense Amount. The Note carries an original issue discount of $140,000.00 210,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Note (the “Transaction Expense Amount”). The OID and Transaction Expense amount will be included in the initial principal balance of the Note. The “Purchase Price”, therefore, shall be $2,000,000.003,000,000.00, computed as follows: $2,160,000.00 3,230,000.00 initial principal balance, less the OID, less the Transaction Expense Amount.

Appears in 1 contract

Sources: Note Purchase Agreement (Tantech Holdings LTD)

Transaction Expense Amount. The Note carries an original issue discount of $140,000.00 350,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 5,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Note (the “Transaction Expense Amount”). The OID and Transaction Expense amount will be included in the initial principal balance of the Note. The “Purchase Price”, therefore, shall be $2,000,000.005,000,000.00, computed as follows: $2,160,000.00 5,355,000.00 initial principal balance, less the OID, less the Transaction Expense Amount.

Appears in 1 contract

Sources: Note Purchase Agreement (Farmmi, Inc.)

Transaction Expense Amount. The Note carries an original issue discount of $140,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Note Securities (the “Transaction Expense Amount”). The OID and Transaction Expense amount will be included in the initial principal balance of the Note. The “Purchase Price”, therefore, shall be $2,000,000.00, computed as follows: $2,160,000.00 initial principal balance, less the OID, less the Transaction Expense Amount.

Appears in 1 contract

Sources: Note Purchase Agreement (Tantech Holdings LTD)

Transaction Expense Amount. The Note carries an original issue discount of $140,000.00 420,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Note (the “Transaction Expense Amount”). The OID and Transaction Expense amount will be included in the initial principal balance of the Note. The “Purchase Price”, therefore, shall be $2,000,000.006,000,000.00, computed as follows: $2,160,000.00 6,440,000.00 initial principal balance, less the OID, less the Transaction Expense Amount.

Appears in 1 contract

Sources: Note Purchase Agreement (Farmmi, Inc.)