TERM PROMISSORY NOTE Sample Clauses

TERM PROMISSORY NOTE that certain Term Promissory Note in the principal amount of $12,000,000.00 dated of even date herewith, made by Borrower payable to the order of Lender, substantially the form of Exhibit B hereto, together with any and all amendments, modifications, extensions, substitutions and renewals thereof. Total Liabilities: all Liabilities of Borrower, including capitalized leases and all reserves for deferred taxes and other deferred sums appearing on the liabilities side of a balance sheet, but excluding debt fully subordinated to Lender on terms and conditions acceptable to Lender.
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TERM PROMISSORY NOTE. Upon the execution of this Agreement, Borrower shall execute and deliver the Term Promissory Note of even date herewith attached to this Agreement as EXHIBIT A (the "Note") to evidence the indebtedness under the Loan.
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TERM PROMISSORY NOTE. FOR VALUE RECEIVED, Aerex Industries, Inc., a Florida corporation (“Borrower”), having an office at 3000 Xxxxxxxxxx 00xx Xxxxxx, Xx. Xxxxxx, XX 34946, unconditionally promises to pay to the order of Txxxxx Xxxxxxx, Xx., an individual (“Lender”), at 2000 Xxxxxxxxxxx Xxxxx, Xxxx Xxxxx, XX 00000 or at such other place as Lender may designate in writing, the principal sum of Four Hundred Ninety Thousand ($490,000) (the “Loan”) outstanding hereunder together with all accrued interest thereon, on August 10, 2016 (the “Maturity Date”), as provided in this Term Promissory Note (this “Note”).
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TERM PROMISSORY NOTE. $___,000,000.00 Fort Worth, Texas November 1, 1998
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TERM PROMISSORY NOTE. Simultaneously with the execution of this Loan Agreement, the Borrower shall execute and deliver a Promissory Note (the "Note") in the form attached hereto and incorporated herein by reference as Exhibit B.
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TERM PROMISSORY NOTE. 9 (c) Opinion of Borrower's Counsel............................. 9 (d) Officers' Certificate..................................... 9 (e) Resolutions of Borrower................................... 10 (f) Incumbency Certificate of Borrower........................ 10 (g) Certificates.............................................. 10 (h)
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TERM PROMISSORY NOTE. The Term Loan made under SECTION 2.05 hereof by Lender shall be evidenced by a the Term Promissory Note {substantially in form presented in EXHIBIT A2 attached hereto and incorporated fully herein by this reference) executed by Borrower, which Term Promissory Note shall (i) be dated the date hereof, (ii) be in the original principal amount of One Million Twenty Five Thousand Dollars ($1,025,000) (iii) be payable to the order of Lender at its office in Kingsport, Tennessee, and (iv) bear interest equal per annum to the sum of ninety (90) days LIBOR plus one and three quarters percent (1.75%).
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TERM PROMISSORY NOTE. A duly executed Term Promissory Note payable to the order of Lender, in the form of EXHIBIT A2 with appropriate insertions.
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TERM PROMISSORY NOTE. August 21, 1997 $1,025,000 Sullxxxx Xxxnty, Tennessee FOR VALUE RECEIVED, KING PHARMACEUTICALS, INC., a Tennessee corporation (the "Debtor"), hereby unconditionally promises to pay to the order of FIRST AMERICAN NATIONAL BANK (the "Payee"), at the offices of Payee at 4105 Xx. Xxxxx Xxxxx, Suite 300, Kingsport, Tennessee 37663, or such other place as the Payee or any holder hereof may from time to time designate, the principal sum of ONE MILLION TWENTY FIVE THOUSAND DOLLARS ($1,025,000) in lawful money of the United States of America and in immediately available funds, in thirty five (35) consecutive monthly installments of TWENTY EIGHT THOUSAND FOUR HUNDRED SEVENTY TWO DOLLARS AND TWENTY TWO CENTS ($28,472.22) and one final installment of TWENTY EIGHT THOUSAND FOUR HUNDRED SEVENTY TWO DOLLARS AND THIRTY CENTS ($28,472.30) on the first day of each month commencing on September 1,1997. Debtor hereby further promises to pay interest to the order of Payee on the unpaid principal balance hereof at the Interest Rate (as hereinafter defined). Such interest shall be paid in like money at said office or place from the date hereof, commencing September 1, 1997 and on the first day of each month thereafter until the indebtedness evidenced by this Note is paid in full. Interest payable upon and after an Event of Default or termination or non-renewal of the Loan and Security Agreement shall be payable upon demand.
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Related to TERM PROMISSORY NOTE

  • Promissory Note The Promissory Note as set forth in Section 2;

  • Promissory Notes Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its permitted registered assigns) and in a form attached hereto as Exhibit C. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its permitted registered assigns).

  • Term Note The Term Loan shall be evidenced by the Term Note. At the time of the disbursement of the Term Loan or a repayment made in whole or in part thereon, a notation thereof shall be made on the books and records of the Bank. All amounts recorded shall be, absent demonstrable error, conclusive and binding evidence of (i) the principal amount of the Term Loan advanced hereunder, (ii) any accrued and unpaid interest owing on the Term Loan and (iii) all amounts repaid on the Term Loan. The failure to record any such amount or any error in recording such amounts shall not, however, limit or otherwise affect the joint and several obligations of the Borrowers under the Term Note to repay the principal amount of the Term Loan, together with all interest accruing thereon.

  • Secured Promissory Notes The Term Loans shall be evidenced by a Secured Promissory Note or Notes in the form attached as Exhibit D hereto (each a “Secured Promissory Note”), and shall be repayable as set forth in this Agreement. Borrower irrevocably authorizes each Lender to make or cause to be made, on or about the Funding Date of any Term Loan or at the time of receipt of any payment of principal on such Lender’s Secured Promissory Note, an appropriate notation on such Lender’s Secured Promissory Note Record reflecting the making of such Term Loan or (as the case may be) the receipt of such payment. The outstanding amount of each Term Loan set forth on such Lender’s Secured Promissory Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender’s Secured Promissory Note Record shall not limit or otherwise affect the obligations of Borrower under any Secured Promissory Note or any other Loan Document to make payments of principal of or interest on any Secured Promissory Note when due. Upon receipt of an affidavit of an officer of a Lender as to the loss, theft, destruction, or mutilation of its Secured Promissory Note, Borrower shall issue, in lieu thereof, a replacement Secured Promissory Note in the same principal amount thereof and of like tenor.

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Loan and Security Agreement Performance of all obligations of Borrower (as such term is defined in the Loan and Security Agreement, and hereafter used with such meaning) under the terms of the Loan and Security Agreement, any of the Guaranty Agreements or Security Documents referred to in the Loan and Security Agreement, and any other loan agreement, tri-party financing agreement or other agreement between Grantor and Beneficiary, GNI and any other parties pertaining to the use of the proceeds of the Notes."

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

  • Loan Agreement and Note Lender shall have received a copy of this Agreement and the Note, in each case, duly executed and delivered on behalf of Borrower.

  • of the Loan Agreement Section 1.1 of the Loan Agreement is hereby amended as follows:

  • Promissory Notes and Tangible Chattel Paper If the Debtor shall at any time hold or acquire any promissory notes or tangible chattel paper, the Debtor shall forthwith endorse, assign and deliver the same to the Secured Party, accompanied by such instruments of transfer or assignment duly executed in blank as the Secured Party may from time to time specify.

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