Execution of Promissory Note. I acknowledge that as an accommodation to me the Company has made payments on my behalf to U.S. Bank totaling $14,215.03 to U.S. Bank under the terms of a promissory note made by me in favor of U.S. Bank in connection with the purchase by me of common stock of the Company in March 1995. Upon the execution of this Agreement, I will execute a promissory note in favor of the Company in the form of the attached Exhibit A (the "Note"), evidencing my obligation to repay the Company all sums owing the Company in accordance with the terms of the Note.
Execution of Promissory Note. Contemporaneously with the Closing:
(a) New Atlanta Ear, Nose and Throat Associates, P.C. ("NAENT) shall execute a promissory note in the amount of Thirty Thousand Dollars (pursuant to a loan from PSC to NAENT as set forth in Section 6.13(a) of this Agreement) payable to PSC and bearing simple interest at eight percent (8%) per annum. Such promissory note shall be payable by NAENT in ten (10) equal installments of interest and principal beginning sixty (60) days after the Closing Date with each such installment due every thirty days thereafter.
(b) Shareholder shall execute a promissory note in the amount of Thirty Thousand Dollars (pursuant to a loan from NAENT to Shareholder as set forth in Section 6.13(b) of this Agreement) payable to NAENT and bearing simple interest at eight percent (8%) per annum. Such promissory note shall be payable by Shareholder in ten (10) equal installments of interest and principal beginning sixty (60) days after the Closing Date with each such installment due every thirty days thereafter.
Execution of Promissory Note. 6.1 In exchange for the Bank's performance, as described above, EDI and Electropure agree to execute the 8% One-Year Convertible Term Note (the "Note") attached hereto and made a part hereof as Exhibit "B". For purposes of the preceding sentence, if an Uncured Default shall occur or in the event the Bank revokes this Agreement in accordance with Paragraph 11.2 hereof, it shall be deemed to have complied and performed the obligations hereunder. The amount of such Note represents Twelve Thousand Dollars ($12,000.00) in payment of attorneys' fees and to reimburse the Bank for the air travel, hotel and car rental expenses incurred by its representatives in traveling to California to execute this Settlement Agreement (The "Cash Obligation") Payment by EDI and Electropure of the Cash Obligation shall be made in accordance with the terms of such Note.
6.2 All payment made pursuant to this Agreement that are made on or after the Date of this Agreement shall be made by certified check or cashier's check.
Execution of Promissory Note. The Purchaser shall have properly executed and delivered to the Seller Member the Promissory Note.
Execution of Promissory Note. Buyer shall execute a promissory note in form and content substantially as shown on Exhibit A attached hereto (the “Promissory Note”) pursuant to which, among other things, the Buyer shall pay Franchisor the principal sum of [**********].
Execution of Promissory Note. The Company and Chase shall enter into that certain New Note, as attached hereto as Exhibit 2.2 evidencing the remaining $250,000 due and payable to Chase and including the right to convert any such principal and interest due and owing into additional Units based on any Units sold by the Company to an individual or entity referred to or introduced by Chase to the Company.
Execution of Promissory Note. In consideration of the Secured Creditor selling and delivering to the Debtor the Collateral, the Debtor has executed and delivered the Promissory Note to the Secured Creditor contemporaneously herewith. The Promissory Note evidences the obligation of the Debtor to pay the Secured Creditor for the Collateral.
Execution of Promissory Note. Ginkgo shall have received, in form and substance satisfactory to Ginkgo, a fully-executed copy of the Promissory Note.
Execution of Promissory Note. Guo Xxxx Xxxx shall have executed a Promissory Note in favor of Gao Wan Jun in substantially the form attached hereto as Exhibit A and incorporated herein by this reference.
Execution of Promissory Note. If the Registration Statement does not become effective by June 30, 1996, for whatever reason, then Winners shall execute and deliver to Mapex x xromissory note in the form attached hereto as Exhibit A (the "Note").
