Hello from a snowy Philly! I'm putting together an LOI that has a forgivable seller note. I know you can tie forgiveness to revenue, gross profit, EBITDA, or key customer / employee performance, but I actually haven't been able to find any specific contract language on this. Does anyone have a sample clause for a forgivable seller note, perhaps from a past LOI, that they would be willing to share?
Thank you!!!
Language for forgivable seller note?
by a searcher from Harvard University
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