Note Purchase Agreement | Practical Law

Note Purchase Agreement | Practical Law

Note Purchase Agreement

Note Purchase Agreement

Practical Law Glossary Item 0-383-7978 (Approx. 3 pages)

Glossary

Note Purchase Agreement

A contract for the sale and purchase of notes that allows a company (the seller) to raise money for general corporate purposes, to complete an acquisition or for other purposes. The purchasers of the notes invest in the company through their purchases of the notes. Similar to a loan agreement, the seller must fulfill conditions precedent, make representations and warranties and comply with covenants described in the note purchase agreement. It also specifies the maturity date and the interest payment dates during the term of the agreement. On the maturity date, the purchasers return their notes to the seller for the price for which they were purchased plus accrued and unpaid interest to the date of repayment, as described in the note purchase agreement.
Sign on to the Business Law Center on Westlaw to access recent examples of note purchase agreements. This list of precedents has been generated for you by Practical Law editors and can be further filtered or monitored.
Not currently a subscriber of the Business Law Center? Request a free trial to the Business Law Center on Westlaw to access this list of search results as well as conduct your own business law research.
Click here to learn more about Practical Law and Business Law Center links. The Business Law Center, available on Westlaw, is a comprehensive database of SEC and global filings, offering memoranda and other agreements.