Common Contracts
2 similar Secured Promissory Note contracts by Autotradecenter Com Inc
SECURED PROMISSORY NOTESecured Promissory Note • July 20th, 1999 • Autotradecenter Com Inc • Wholesale-motor vehicles & motor vehicle parts & supplies
This Promissory Note is hereby entered into on the 22nd day of June, 1999, by and between Autotradecenter.com Inc., a Arizona corporation having its office at 8135 E. Butherus, Suite 3, Scottsdale, Arizona 85260, AND, Pinnacle Financial Corporation, having its office at 8135 E. Butherus, Suite 3, Scottsdale, Arizona 85260, hereinafter referred to as the LENDER. Borrower promises to pay to the order of Lender the sum of Two Hundred Thousand Dollars ($200,000.00), together with interest thereon at the rate of twelve percent (12%) per annum on the unpaid balance. Said sum shall be paid as follows: Interest payments of Two Thousand Dollars ($2,000.00) payable in arrears on the 22nd day of each month beginning July 22, 1999; and, The principal amount of Two Hundred Thousand Dollars ($200,000.00) shall be payable on December 22, 1999 unless such termination of this Note shall occur in which case all principal amount shall become immediately due and payable. This Note may be extended on a mon
SECURED PROMISSORY NOTESecured Promissory Note • July 20th, 1999 • Autotradecenter Com Inc • Wholesale-motor vehicles & motor vehicle parts & supplies
This Promissory Note is hereby entered into on the 22nd day of June, 1999, by and between Autotradecenter.com Inc., a Arizona corporation having its office at 8135 E. Butherus, Suite 3, Scottsdale, Arizona 85260, AND, Mark Moldenhauer, having his office at 8135 E. Butherus, Suite 3, Scottsdale, Arizona 85260, hereinafter referred to as the LENDER. Borrower promises to pay to the order of Lender the sum of One Hundred Thousand Dollars ($100,000.00), together with interest thereon at the rate of twelve percent (12%) per annum on the unpaid balance. Said sum shall be paid as follows: Interest payments of One Thousand Dollars ($1,000.00) payable in arrears on the 22nd day of each month beginning July 22, 1999; and, The principal amount of One Hundred Thousand Dollars ($100,000.00) shall be payable on December 22, 1999 unless such termination of this Note shall occur in which case all principal amount shall become immediately due and payable. This Note may be extended on a month-to-month ba
