Commercial Note Sample Contracts

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SUNTRUST Commercial Note Date: June 23, 2006
Commercial Note • July 20th, 2006 • Envirokare Tech Inc • Miscellaneous plastics products • Florida

For value received, the borrower(s) named above whether one or more, (the "Borrower"), jointly and severally promise to pay to the order of SunTrust Bank, a Georgia banking corporation ("SunTrust") at any of its offices, or at such place as SunTrust may in writing designate, without offset in U.S. Dollars and in immediately available funds, the Loan Amount shown above, or the total of all amounts advanced under this commercial note and any modifications, renewals, extensions or replacements thereof (this "Note") if less than the full Loan Amount is advanced, plus interest and any other amounts due, upon the terms specified below.

Borrower: Nobility Homes Inc. Date: June 04, 2009 Borrower Address: 3741 S.W. 7th St Ocala, FL 34474-0000 Loan Amount: Four Million Dollars and no cents ($4,000,000.00) Account No.: 5056399 Note No.: 42 Officer: Loren M. Thrasher, 10965
Commercial Note • January 29th, 2010 • Nobility Homes Inc • Mobile homes • Florida

For value received, the borrower(s) named above whether one or more, (the “Borrower”), jointly and severally promise to pay to the order of SunTrust Bank, a Georgia banking corporation (“SunTrust”) without offset in U.S. Dollars and in immediately available funds, the Loan Amount shown above, or the total of all amounts advanced under this commercial note and any modifications, renewals, extensions or replacements thereof (this “Note”) if less than the full Loan Amount is advanced, plus interest and any other amounts due, upon the terms specified below:

AMENDED AND RESTATED COMMERCIAL NOTE
Commercial Note • May 1st, 2024 • Procaccianti Hotel Reit, Inc. • Real estate investment trusts

This Amended and Restated Commercial Note is made as of the 26th day of April, 2024 by PHR STPFL, LLC, a Delaware limited liability company with an address in c/o The Procaccianti Group, LLC 1140 Reservoir Avenue, Cranston, Rhode Island 02920 (hereinafter referred to as the “Borrower”), in favor of LIBERTY BANK, a mutual bank organized and existing under the laws of the State of Connecticut, having its principal place of business at 245 Long Hill Road, Middletown, Connecticut 06457 (hereinafter referred to as the "Bank").

Commercial Note Line of Credit
Commercial Note • January 5th, 2016 • RedHawk Holdings Corp. • Crude petroleum & natural gas • Louisiana

Subject to the terms and conditions of this Commercial Note for Line of Credit (the “Note”), Beechwood Properties, LLC (“Lender”) has made a Line of Credit Loan (the “Line of Credit”) to RedHawk Holdings Corp., a Nevada corporation (the “Borrower”), in the maximum principal amount of ONE HUNDRED THOUSAND and no/100 ($100,000.00) dollars. This Line of Credit is a non-revolving loan, and the principal amount available under this Line of Credit shall be reduced by the amount of each advance and shall not be increased after payments have reduced the amount outstanding.

COMMERCIAL NOTE
Commercial Note • June 14th, 2012 • Presidential Realty Corp/De/ • Real estate investment trusts

FOR VALUE RECEIVED, the Undersigned, Palmer-Mapletree LLC, a Delaware limited liability company with its principal place of business at 9 East 40th Street, Suite 900, New York, New, York (the "Borrower") promises to pay to the order of Country Bank for Savings ("Lender"), at the Lender's main office presently located at 75 Main Street, Ware, Hampshire County, Massachusetts, or at such other place as Lender may designate in writing, the principal sum of FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($500,000.00), plus interest, all as hereinafter set forth ("Note").

FIFTH AMENDED AND RESTATED COMMERCIAL NOTE
Commercial Note • May 5th, 2010 • Lightyear Network Solutions, Inc. • Blank checks • Kentucky

FOR VALUE RECEIVED, the undersigned, LY Holdings, LLC, a Kentucky limited liability company, with a principal place of business at 1901 Eastpoint Parkway, Louisville, Kentucky 40223 (“Borrower”), promises to pay to the order of Chris T. Sullivan, whose address is 3111 S. Valley View, Suite B-101, Las Vegas, Nevada 89102 (“Lender”), the principal sum of Eight Million Dollars ($8,000,000.00) (the “Total Facility”), or the aggregate unpaid balance of all advances made by Lender from time to time hereunder, together with interest thereon, on or before the “Maturity Date” as that term is defined below. Principal of this Note and all accrued interest thereon shall be due and payable as set forth below.

COMMERCIAL NOTE
Commercial Note • May 23rd, 2018 • Oliver Orson • Wholesale-misc durable goods • Kentucky

FOR VALUE RECEIVED, KLETTER HOLDING LLC, a Delaware limited liability company, K & R, LLC, a Kentucky limited liability company, 7100 GRADE LANE LLC, a Kentucky limited liability company, and THE HARRY KLETTER FAMILY LIMITED PARTNERSHIP, a Kentucky limited partnership, all with a principal place of business at 7100 Grade Lane, Louisville, Kentucky 40213 (individually or collectively, "Borrower"), promise to pay to the order of CENTRAL BANK & TRUST CO., a Kentucky banking corporation, whose address is 300 West Vine Street, Lexington, Kentucky 40507 ("Lender") the principal sum of TWO MILLION AND NO/100 DOLLARS ($2,000,000.00) (the "Total Facility"), together with interest thereon, on or before the "Maturity Date" as that term is defined below. Principal of this Note and all accrued interest thereon shall be due and payable as follows:

Commercial Note Line of Credit
Commercial Note • November 19th, 2015 • RedHawk Holdings Corp. • Crude petroleum & natural gas • Louisiana

Subject to the terms and conditions of this Commercial Note for Line of Credit (the “Note”), Beechwood Properties, LLC (“Lender”) has made a Line of Credit Loan (the “Line of Credit”) to RedHawk Holdings Corp., a Nevada corporation (the “Borrower”), in the maximum principal amount of ONE HUNDRED THOUSAND and no/100 ($100,000.00) dollars. This Line of Credit is a non-revolving loan, and the principal amount available under this Line of Credit shall be reduced by the amount of each advance and shall not be increased after payments have reduced the amount outstanding.

The Buckle, Inc. 05/31/2001 ___________________________________________________ _____________________________ Promise to Pay: For value received, the undersigned Borrower (if more than on, jointly and severally) promise(s) to pay to the order of Wells...
Commercial Note • April 26th, 2002 • Buckle Inc • Retail-family clothing stores

INTEREST: Interest on this Note, calculated on the basis of actual days elapsed in a 360 day year, will accrue as follows (choose one of the following):

Commercial Note Florida
Commercial Note • March 18th, 2015 • Health Insurance Innovations, Inc. • Insurance agents, brokers & service • Florida

For value received, the borrower(s) named above, whether one or more (the “Borrower”), jointly and severally promise to pay to the order of SunTrust Bank, a Georgia banking corporation (“SunTrust”) at any of its offices, or at such place as SunTrust may in writing designate, without offset in U.S. Dollars in immediately available funds, the Loan Amount shown above, or the total of all amounts advanced under this commercial note and any modifications, renewals, extensions or replacements thereof (this “Note”) if less than the full Loan Amount is advanced, plus interest and any other amounts due, upon the terms specified below.

Commercial Note Florida
Commercial Note • June 25th, 2008 • Envirokare Tech Inc • Miscellaneous plastics products • Florida

This is an open end revolving line of credit. Borrower may borrow an aggregate principal amount up to the Loan Amount outstanding at any one time.

SUNTRUST Commercial Note Borrower: Bluefield Gas Company Date: November 25, 2005 Borrower Address: P. O. Box 13007 Roanoke, VA 24030 Loan Amount: Two Million Dollars and no cents ($2,000,000.00) Account No.: 6522208 Note No.: 18 Officer: Deborah H....
Commercial Note • December 5th, 2005 • RGC Resources Inc • Natural gas transmisison & distribution • Virginia

For value received, the borrower(s) named above, whether one or more, (the "Borrower"), jointly and severally promise to pay to the order of SunTrust Bank, a Georgia banking corporation ("SunTrust") at any of its offices, or at such place as SunTrust may in writing designate, without offset in U.S. Dollars and in immediately available funds, the Loan Amount shown above, or the total of all amounts advanced under this Note if less than the full Loan Amount is advanced, plus interest and any other amounts due, upon the terms specified below.

COMMERCIAL NOTE $7,500,000.00 OCTOBER 1, 2003 Beverly Hills, California ------------------------- FOR VALUE RECEIVED, ON DEMAND, the undersigned, (hereinafter referred to as "Maker") promises to pay to the order of Stanford Financial Group Company...
Commercial Note • October 16th, 2003 • Superior Galleries Inc • Wholesale-jewelry, watches, precious stones & metals

This Note is subject in all respects to the terms and conditions of a certain Loan and Security Agreement of even date by and among, INTER ALIA, Maker and Lender (the "Loan Agreement"), including without limitation Events of Default as defined therein.

Commercial Note Maryland
Commercial Note • November 9th, 2009 • Cogent Communications Group Inc • Services-prepackaged software • Maryland

For value received, the borrower(s) named above, whether one or more (the “Borrower”), jointly and severally promise to pay to the order of SunTrust Bank, a Georgia banking corporation (“SunTrust”) at any of its offices, or at such place as SunTrust may in writing designate, without offset in U.S. Dollars in immediately available funds, the Loan Amount shown above, or the total of all amounts advanced under this commercial note and any modifications, renewals, extensions or replacements thereof (this “Note”) if less than the full Loan Amount is advanced, plus interest and any other amounts due, upon the terms specified below.

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