Common Contracts

3 similar Non-Recourse Demand Note contracts by Madison River Communications Corp.

THIS NON-RECOURSE DEMAND NOTE IS SUBJECT TO THE TERMS OF THE CALL OPTION AGREEMENT, DATED AS OF JANUARY 4, 2002, BETWEEN MAKER AND MADISON RIVER TELEPHONE COMPANY, LLC NON-RECOURSE DEMAND NOTE
Non-Recourse Demand Note • December 11th, 2006 • Madison River Communications Corp. • Telephone communications (no radiotelephone) • Delaware

For value received, Bruce J. Becker (“Maker”) promises to pay on demand to the order of Madison River Capital, LLC, a Delaware limited liability company (the “Company”), at the Company’s principal place of business or at such other place as is designated in writing by the holder of this Note, the aggregate principal amount of $466,667.

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THIS NON-RECOURSE DEMAND NOTE IS SUBJECT TO THE TERMS OF THE CALL OPTION AGREEMENT, DATED AS OF JANUARY 4, 2002, BETWEEN MAKER AND MADISON RIVER TELEPHONE COMPANY, LLC NON-RECOURSE DEMAND NOTE
Non-Recourse Demand Note • December 11th, 2006 • Madison River Communications Corp. • Telephone communications (no radiotelephone) • Delaware

For value received, Paul H. Sunu (“Maker”) promises to pay on demand to the order of Madison River Capital, LLC, a Delaware limited liability company (the “Company”), at the Company’s principal place of business or at such other place as is designated in writing by the holder of this Note, the aggregate principal amount of $466,667.

THIS NON-RECOURSE DEMAND NOTE IS SUBJECT TO THE TERMS OF THE CALL OPTION AGREEMENT, DATED AS OF JANUARY 4, 2002, BETWEEN MAKER AND MADISON RIVER TELEPHONE COMPANY, LLC NON-RECOURSE DEMAND NOTE
Non-Recourse Demand Note • December 11th, 2006 • Madison River Communications Corp. • Telephone communications (no radiotelephone) • Delaware

For value received, James D. Ogg (“Maker”) promises to pay on demand to the order of Madison River Capital, LLC, a Delaware limited liability company (the “Company”), at the Company’s principal place of business or at such other place as is designated in writing by the holder of this Note, the aggregate principal amount of $466,667.

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