Secured Promissory Note. Each Loan shall be evidenced by a Secured Promissory Note or Notes in the form attached as Exhibit D hereto (the “Secured Promissory Note”), and shall be repayable as set forth herein. The Borrower irrevocably authorizes Lender to make or cause to be made, on or about the Funding Date of any Loan or at the time of receipt of any payment of principal on Lender’s Secured Promissory Note, an appropriate notation on Lender’s Secured Promissory Note Record reflecting the making of the Loan or (as the case may be) the receipt of such payment. The outstanding amount of each Loan set forth on Lender’s Secured Promissory Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to Lender, but the failure to record, or any error in so recording, any such amount on Lender’s Secured Promissory Note Record shall not limit or otherwise affect the obligations of the Borrower hereunder or under any Secured Promissory Note to make payments of principal of or interest on any Secured Promissory Note when due. Upon receipt of an affidavit of an officer of Lender as to the loss, theft, destruction, or mutilation of its Secured Promissory Note, the Borrower shall issue, in lieu thereof, a replacement Secured Promissory Note in the same principal amount thereof and of like tenor.
Secured Promissory Note. This Amended and Restated Secured Promissory Note issued by the Company in favor of the Payee amends and restates in its entirety, and is issued by the Company in replacement of and substitution for a Secured Promissory Note of identical principal amount issued to Payee pursuant to the Loan Agreement(the “Original Note”). The Company and the Payee acknowledge and agree that upon the execution delivery of this Amended and Restated Secured Promissory Note, the Original Note shall be null and void and of no further legal force or effect. The form of such Replacement Note shall be also be attached to the applicable Loan Agreement as an acceptable form of note to be issued pursuant thereto.
Secured Promissory Note. This Secured Promissory Note (this “Note”) is made , 2008, by Fluidigm Corporation (“Borrower”) in favor of Lighthouse Capital Partners V, L.P. (collectively with its assigns, “Lender”). Initially capitalized terms used and not otherwise defined herein are defined in that certain Loan and Security Agreement No. 4561 between Borrower and Lender dated March 29, 2005, as amended (the “Loan Agreement”). For Value Received, Borrower promises to pay in lawful money of the United States, to the order of Lender, at 500 Drake’s Xxxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxxxx 00000, or such other place as Lender may from time to time designate (“Lender’s Office”), the principal sum of $ (the “Advance”), including interest on the unpaid balance and all other amounts due or to become due hereunder according to the terms hereof and of the Loan Agreement.
Secured Promissory Note. For value received, MERIDIAN EQUIPMENT LEASING, LLC, a Texas limited liability company, whose address is 5000 Xxxxxx Xxxxxx Xxxx, Xxxxx XX00, Xxxxxx, Xxxxx 00000 (“Borrower”) on this day, December __, 2023 (the “Effective Date”) does hereby promise to pay to the order of PILOT OFS HOLDINGS LLC, a Delaware limited liability company, whose address is 20 Xxxxxxxx Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000 (“Lender”), at the foregoing address or at such other address as Lender shall from time to time specify in writing, in lawful money of the United States of America, the sum of Twelve Million Five Hundred Thousand and No/100s US Dollars ($12,500,000.00 USD) (the “Total Principal Amount”), or such greater capitalized amounts advanced to or owing by Borrower and remaining outstanding under this Promissory Note (this “Note”), together with interest from the date hereof on the principal balance outstanding from time to time as hereinafter provided. Subject to Section 3 below, interest shall be computed on a per annum basis of a year of three hundred sixty (360) days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 366 days in a leap year, as the case may be. Capitalized terms not defined in this Note shall have the same meaning as set forth in that certain Purchase and Sale Agreement of even date herewith by and between Lender and Borrower (the “Purchase Agreement”). Collectively, this Note, the Purchase Agreement, that certain Security Agreement of even date herewith by and between Borrower, as Obligor, and Lender, as Secured Party (the “Security Agreement”), and that certain Pledge Agreement of even date herewith by and between Equipment Transport, LLC, as Pledgor, and Lender, as Secured Party (the “Pledge Agreement”), and any and all renewals, extensions, modifications, amendments, ratifications, restatements, rearrangements and substitutions of all or any part of such documents, are hereinafter referred to as the “Loan Documents”.
Secured Promissory Note. The amended and restated secured promissory note in the amount of Seventeen Million Five Hundred Thousand Dollars ($17,500,000.00) executed by the Borrower and delivered to the Lender."
Secured Promissory Note. $125,707.00 Broward County, Florida December 28, 2006 FOR VALUE RECEIVED, the undersigned, Z-KAT, INC. a Florida corporation promises to pay to MAKO SURGICAL CORP., a Delaware corporation, and its successors and assignees (the “Holder”), at 2000 Xxxxx Xxxx, Xx. Xxxxxxxxxx, Xxxxxxx 00000 or such other place as the Holder may designate in writing to the Maker, the principal sum of $One Hundred Twenty Five Thousand Seven Hundred Seven Dollars ($125,707), with interest at an annual rate of eight and one half percent (8.5)% compounded annually. This Note is issued pursuant to the Addendum to Asset Contribution Agreement, dated effective as of December 28, 2006 (the “Agreement”), among the Maker and the Holder The covenants and agreements under the Agreement are incorporated in this Note. Capitalized terms not otherwise defined in this Note shall have the meanings ascribed to them in the Agreement. The Maker shall make payment (each a “Required Payment”) of principal and interest to retire the outstanding balance of principal and interest on this Not from any and all cash received (tender of which is unconditioned by payor) by Z-KAT or any Affiliate from a Payment Event (as defined in the Agreement). This Note may be prepaid in whole or in part at any time and from time to time without prior notice to the Holder. All payments hereunder shall be applied first to accrued interest and then to principal. Time is of the essence with respect to the payment of this Note. If this Note is not tally paid at maturity (including all additions accruing under the term herein whether the stated maturity date, by acceleration, or otherwise), the unpaid balance of principal shall earn interest, and shall be payable on demand, at the maximum rate allowed by law. This Note is secured by certain assets of the Holder as described more fully in the Agreement and any other liens and security interests provided for in the Agreement Reference is made to the Agreement as to various obligations and duties of the Maker and to various matters which shall entitle the Holder hereof to accelerate the indebtedness evidenced by this Note. The Holder is entitled to the benefit of the liens and security provided by the Agreement, and the covenants and agreements of the Maker under the Agreement are incorporated in this Note. Upon the nonpayment of any Required Payment installment of principal or interest within 5 business days after receipt by the Maker of written notice from the Holder that the M...
Secured Promissory Note. (Real Estate Loan) in the original principal amount of $1,329,277.37 dated as of the date hereof from Borrower to Lender (the "Term Note").
Secured Promissory Note. A Secured Promissory Note in the original principal amount of Two Million and No/100 Dollars ($2,000,000.00), substantially in the form attached hereto as Exhibit A, and secured by, among other things, one or more mortgages on the Purchased Assets consisting of Owned Real Property giving Seller a first priority mortgage lien on such property, one or more leasehold mortgages on the Purchased Assets consisting of Leased Real Property giving Seller a first priority mortgage lien on such leases, a security agreement on the Purchased Assets consisting of personal property giving the Seller a first priority security interest on such personal property, and one or more pledge agreements on the Buyer’s ownership of the stock of Subsidiary.
Secured Promissory Note. Holdings and The T Partnership agree that: (a) the designation of Series A Preferred Stock of the Surviving Corporation, which shall be convertible into the shares of Holdings Common Stock at a conversion price equal to the product of 120% multiplied by the price per share of the common stock of Holdings used as the basis for the consideration given (either in the form of issued stock, if any, or warrants, provided the exercise price of the warrant reflects the current market value of common stock, or otherwise) in exchange for any capital raised pursuant to Section 7.7 of this Agreement, shall be as set forth in Exhibit 1.4 attached hereto, and such number of shares of Preferred Stock having a liquidation value equal to $1,000,000 of the Company's indebtedness outstanding and due to The T Partnership at the time of the Closing shall be issued in redemption of $1,000,000 of such indebtedness; (b) Holdings shall execute a conditional note for the benefit of The T Partnership in the form set forth in Exhibit 6.16(b) attached hereto; and (c) Holdings shall execute a secured promissory note in an amount not to exceed $1,300,000, which amount shall include interest up through Closing on the Company's current indebtedness to The T Partnership, but such amount shall not include any amount described under Section 9.13(b) which shall be payable at Closing, substantially in the form set forth in Exhibit 6.16(c) attached hereto.
Secured Promissory Note. The Note duly executed by Borrower.
