Execution of Note. The Note duly executed by the Borrower.
Execution of Note. CNSI shall have executed and delivered to VPLP the Note.
Execution of Note. The Note shall be executed in the name of the City by the Mayor, and attested and countersigned by the Clerk, and its official seal or a facsimile thereof shall be affixed thereto or reproduced thereon. The Note may be signed and sealed on behalf of the City by any person who at the actual time of the execution of such Note shall hold such office in the City, although at the date of such Note such person may not have been so authorized. The Note may be executed by the facsimile signatures of the Mayor or Clerk.
Execution of Note. Under the terms of this Agreement, the Borrower shall execute and deliver to the Lender Note.
Execution of Note. The obligation to repay the Loan shall be evidenced by the Borrower's promissory note, hereinafter referred to as the "Note" and substantially in the form set forth in Exhibit "A", attached and incorporated, which Note shall be payable according to its terms in 60 monthly installments ("Loan Term"), nine initial monthly payments of interest only payable in arrears and 51 monthly payments of principal and interest of approximately $ 11,505.00. Monthly payments to commence June 30, 1997, and shall be due the last day of each month thereafter, with the entire unpaid balance due and owing 60 months from the date hereof. Interest shall be included on the unpaid portion of the principal balance in the amount of the Prime rate as published from time to time in the Wall Street Journal plus 4%, adjusted at the end of each calendar quarter, but not less than 13.5% per annum, which shall be calculated on the basis of a 360 day year with payments, as hereinabove set forth. A late fee in the amount of 5.0% of the monthly installments due and owing will be assessed against the Borrower in the event the monthly payments required hereunder are received by the Lender after the due date. Prepayment ("Prepayment") shall not be permitted during the first 24 months of the Loan Term. After month 24 of the Loan Term the Borrower shall have the right to prepay the entire principal balance of the Loan plus accrued interest at any time without a Prepayment penalty. The provisions for continuing revenue participation payments pursuant to paragraph 3 and redemption of options pursuant to paragraph 4 hereof shall continue in event of Prepayment.
Execution of Note. Promptly (but in any event within two (2) Business Days) following the occurrence of the Success Payment Trigger, CymaBay shall execute and deliver to Abingworth the Note attached hereto as Exhibit I (the “Note”).
Execution of Note. This Note may be executed in any number of counterparts and any party hereto may execute any counterpart, each of which, when executed and delivered will be deemed to be an original and all of which counterparts, when taken together will be deemed to be one and the same instrument. Execution of any such counterpart may be evidenced by a telecopier transmission of the signature of such party. The execution of this Note by any party hereto will not become effective until counterparts hereof have been executed by all the parties hereto.
Execution of Note. This Note has been duly executed and delivered by Borrower and constitutes the legal, valid and binding obligations of Borrower enforceable in accordance with its terms, except to the extent that the enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally.
Execution of Note. Borrower shall execute and deliver the Note to Lender in the form attached hereto.
