Secured Promissory Note Sample Contracts

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SECURED PROMISSORY NOTE
Secured Promissory Note • April 7th, 2022 • West Virginia
CONNECTICUT SECURED PROMISSORY NOTE
Secured Promissory Note • January 16th, 2023 • Connecticut

PAYMENTS. The full balance of the Borrowed Money, including all accrued interest and any other fees or penalties, is due and payable in: (check one)

Contract
Secured Promissory Note • October 6th, 2010 • World Series of Golf, Inc. • Services-miscellaneous amusement & recreation • Utah

THIS NOTE MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE ALIENATED OR ENCUMBERED WITHOUT THE PRIOR WRITTEN CONSENT OF THE BORROWER.

SECURED PROMISSORY NOTE
Secured Promissory Note • November 20th, 2006 • Solar Power, Inc. • Non-operating establishments • California

This Secured Promissory Note (this "Note") is made and delivered pursuant to that certain Credit Facility Agreement dated as of September 19, 2006 between Solar Power, Inc., a California corporation (“Borrower”) and Welund Fund, Inc., a Nevada corporation (“Lender” or “Holder”), as such may be amended from time to time (the "Credit Agreement"). Unless otherwise defined herein, all capitalized terms used in this Note shall have the same meanings that are given to such terms in the Credit Agreement, the terms of which are incorporated into this Note by reference.

Secured Promissory Note
Secured Promissory Note • December 6th, 2007 • Consolidated Capital Properties Iv • Real estate investment trusts • Colorado

FOR VALUE RECEIVED, the undersigned, CCP IV ASSOCIATES, LTD., a Texas limited partnership, whose address is 4582 South Ulster Parkway, Suite 1100, Denver, Colorado 80237 (the “Borrower”), promises to pay Three Million One Hundred Thousand Dollars and No Cents ($3,100,000.00), together with interest according to the terms of this Secured Promissory Note (this “Note”), to the order of TRANSAMERICA OCCIDENTAL LIFE INSURANCE COMPANY, an Iowa corporation (together with any future holder, the “Lender”), whose address is c/o AEGON USA Realty Advisors, Inc., 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499-5443. Capitalized terms used but not defined in this Note shall have the meanings assigned to them in the Deed of Trust, as defined in Section 12 below.

SECURED PROMISSORY NOTE
Secured Promissory Note • April 17th, 2006 • Mendocino Brewing Co Inc • Malt beverages
SECURED PROMISSORY NOTE
Secured Promissory Note • December 31st, 2012 • Cd International Enterprises, Inc. • Primary smelting & refining of nonferrous metals

FOR VALUE RECEIVED, China Direct Investments, Inc., a Florida corporation and CDI Shanghai Management Co., Ltd., a Chinese company, jointly and severely (collectively, the “Borrowers”), hereby unconditionally promise to pay to the order of Chinese Citizen, Xiangsheng Kong and or his assigns (“Lender”) at the location designated by Lender in writing, in lawful money of the United States of America the principal sum of $200,000 (the “Principal Amount”), together with interest on the unpaid principal amount outstanding at a rate of 12.00% per annum.

SECOND AMENDED AND RESTATED SECURED PROMISSORY NOTE
Secured Promissory Note • October 13th, 2010 • First Wind Holdings Inc. • Electric services • New York

For value received, FIRST WIND ACQUISITION IV, LLC, a Delaware limited liability company (the “Borrower”), hereby unconditionally promises to pay to the order of HSH NORDBANK AG, NEW YORK BRANCH (the “Lender” and together with any other lenders added from time to time, the “Lenders”), the aggregate principal amount of FORTY-THREE MILLION SIXTY-THREE THOUSAND SEVEN HUNDRED TWENTY U.S. DOLLARS ($43,063,720) (or such other amount as shall actually be advanced hereunder), together with all accrued and unpaid interest at the Interest Rate (as defined below), on or prior to the Maturity Date (as defined below) pursuant to the provisions of this Second Amended and Restated Secured Promissory Note (this “Note”).

SECURED PROMISSORY NOTE ACURA PHARMACEUTICALS, INC.
Secured Promissory Note • January 31st, 2006 • Acura Pharmaceuticals, Inc • Pharmaceutical preparations • New York

This Note was issued by the Company pursuant to a certain Loan Agreement dated as of January , 2006 among the Company and certain lenders identified therein, including the Payee (together with the Schedules and Exhibits thereto, the “Loan Agreement”). The holders from time to time of the Notes issued under the Loan Agreement (including the Holder) are referred to hereinafter as the “Holders”. The Holder is entitled to the benefits of the Loan Agreement, including, without limitation, the rights upon the occurrence and during the continuance of an Event of Default and the benefits of security interests and guaranties referred to below. Reference is made to the Loan Agreement and the documents entered into pursuant thereto with respect to certain additional rights of the Holder and obligations of the Company and its Subsidiaries not expressly set forth herein. Capitalized terms used herein but not otherwise defined herein shall have the meaning ascribed thereto in the Loan Agreement. All

SECURED PROMISSORY NOTE
Secured Promissory Note • July 15th, 2016 • Protalex Inc • Services-commercial physical & biological research • New York

FOR VALUE RECEIVED, PROTALEX, INC., a Delaware corporation (“Protalex”), having an address at 131 Columbia Turnpike, Suite 1, Florham Park, NJ 07932 (the “Company”), unconditionally promise to pay to the order of NIOBE VENTURES, LLC, a Delaware limited liability company (hereinafter referred to as the “Holder”), at the offices of Morse, Zelnick, Rose & Lander LLP, 825 Third Avenue, 16th floor, New York, New York 10022, or at such other place as Holder may designate in writing, the principal sum of _______ and 00/100 Dollars ($_______) (the “Principal Sum”), with interest thereon computed from the date hereof until maturity, whether on the Maturity Date (as hereinafter defined), by acceleration, or otherwise, at the rate of three percent (3.00%) per annum (the “Interest Rate”), and thereafter, in accordance with the terms of this Note, at the Default Rate (as hereinafter defined and governed), together with any costs, expenses and attorneys’ fees incurred by Holder pursuant to the provi

Contract
Secured Promissory Note • February 1st, 2016 • On THE MOVE Corp • Blank checks • Nevada

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE SOLD, MORTGAGED, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH NOTE UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES STATUTE OR SOME OTHER EXCEPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND APPLICABLE LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

SECURED PROMISSORY NOTE
Secured Promissory Note • November 18th, 2022 • MCI Income Fund VII, LLC • Texas

FOR VALUE RECEIVED, ___________________________, a _____________________ (“Borrower”), hereby unconditionally promises to pay to the order of MCI INCOME FUND VII, LLC, a Delaware limited liability company (the “Lender”), as hereinafter provided, the original principal sum of _____________________ and 00/100 Dollars ($________.00), or so much thereof as may be advanced by Lender from time to time hereunder to or for the benefit or account of Borrower, subject to the Modification Threshold described herein, and together with interest thereon at the rate of interest hereinafter provided, without right of offset in favor of Borrower and otherwise in strict accordance with the terms and provisions hereof.

Contract
Secured Promissory Note • September 12th, 2016 • MeeMee Media Inc. • Women's, misses', children's & infants' undergarments • California

THIS SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

ALLONGE TO NOTE
Secured Promissory Note • February 13th, 2007 • Datametrics Corp • Computer peripheral equipment, nec

This Allonge to that certain Secured Promissory Note in the original principal amount of $500,000, dated December 30, 2005, made by Datametrics Corporation, a Delaware corporation, as Borrower, to and for the benefit of SG DMTI Capital LLC, as Payee (the "Original Note");

CAPRIUS, INC. -------------
Secured Promissory Note • May 11th, 2001 • Caprius Inc • In vitro & in vivo diagnostic substances
SECURED PROMISSORY NOTE
Secured Promissory Note • September 24th, 2007 • Acura Pharmaceuticals, Inc • Pharmaceutical preparations • New York
FORM OF SECURED PROMISSORY NOTE
Secured Promissory Note • October 13th, 2010 • Groen Brothers Aviation Inc /Ut/ • Aircraft

This Secured Promissory Note (the "Note") is issued pursuant to that certain Note Purchase Agreement (the "Purchase Agreement") dated as of October 9, 2008 by and among the Company and the Lender, and is subject to the terms and conditions contained therein. The obligations hereunder arc secured by that certain Security Agreement and Intellectual Property Security Agreement, each entered into as of October 9, 2008 by and among the Company and the Lender. Capitalized terms used but not defined herein shall have the meanings set forth in the Purchase Agreement.

Contract
Secured Promissory Note • December 11th, 2013 • RiceBran Technologies • Grain mill products • Delaware

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. IT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED. THIS NOTE IS SUBJECT TO THE TERMS OF A RESTATED SUBORDINATION AGREEMENT IN FAVOR OF TCA GLOBAL CREDIT MASTER FUND, LP AND HILLAIR CAPITAL INVESTMENTS, L.P., DATED ON OR ABOUT MAY 9, 2013.”

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Amendment No. 1 TO SECURED PROMISSORY NOTE
Secured Promissory Note • July 2nd, 2018 • Summit Semiconductor Inc. • Semiconductors & related devices • Oregon

This Amendment No. 1 to Secured Promissory Note (this “Amendment”) is effective this November 17, 2016, by and among Carl Berg (the “Lender”) and Summit Semiconductor, LLC, a Delaware limited liability company (the “Company”). The Company issued that certain Secured Promissory Note dated April 1, 2015 to Lender having a principal balance of $450,000.00 (the “Note”). For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lender and Company agree to amend the Note as follows:

October 11, 2018 Amendment #3 to that certain Secured Promissory Note As Amended and Restated
Secured Promissory Note • January 22nd, 2019 • Norris Industries, Inc. • Crude petroleum & natural gas

Reference is made to that certain Secured Promissory Note as Amended and Restated (the “Initial Note”), dated as of December 28, 2017, between Norris Industries, Inc. (formerly known as International Western Petroleum, Inc.) (the “Company”) and JBB Partners, Inc. (the “Holder”), and as further amended by that certain Amendment #1, dated as of June 13, 2018 and that certain Amendment #2, dated as of June 28, 2018 (collectively, the “Note”). Capitalized terms used but not defined herein shall have the meanings set forth in the Initial Note.

SECURED PROMISSORY NOTE
Secured Promissory Note • July 10th, 2017 • MGP Ingredients Inc • Wholesale-beer, wine & distilled alcoholic beverages • New York

FOR VALUE RECEIVED, ICP Merger Sub, LLC, a Delaware limited liability company (the “Merger Sub” and the “Initial Maker”), to be merged with and into Illinois Corn Processing, LLC, a Delaware limited liability company (the “Target”), following the consummation of the Merger (as defined in the Merger Agreement referenced below), as Maker, hereby promises to pay to the order of MGPI Processing, Inc. (the “Payee”), the original principal sum of FOURTEEN MILLION, EIGHT THOUSAND, THREE HUNDRED NINETY FIVE DOLLARS AND SIXTY CENTS ($14,008,395.60) (as may be adjusted from time to time pursuant to the terms below, the “Loan”) together with interest and any other obligations payable hereunder, in each case in the manner described herein. Certain terms used herein are as defined in Annex A. Further, Pacific Ethanol Central, LLC, a Delaware limited liability company (“PEC”) is a party hereto. This Secured Promissory Note (this “Note”) is a “Promissory Note” for purposes of that certain Agreement a

AMENDMENT TO SECURED PROMISSORY NOTE
Secured Promissory Note • August 11th, 2021 • Interpace Biosciences, Inc. • Surgical & medical instruments & apparatus

This Amendment to Secured Promissory Note (this “Amendment”) is made and entered into as of May 10, 2021 (the “Amendment Effective Date”) by and between Interpace Biosciences, Inc., a Delaware corporation (the “Borrower”), and Ampersand 2018 Limited Partnership, a Delaware limited partnership (the “Noteholder”). Capitalized terms used herein but not otherwise defined shall have the respective meanings given to them in the Note (as defined below).

SECURED PROMISSORY NOTE (Term A Loan)
Secured Promissory Note • May 7th, 2013 • Nanosphere Inc • Surgical & medical instruments & apparatus

FOR VALUE RECEIVED, the undersigned, NANOSPHERE, INC., a Delaware corporation with offices located at 4088 Commercial Avenue, Northbrook, IL 60062 (“Borrower”) HEREBY PROMISES TO PAY to the order of SILICON VALLEY BANK (“Lender”) the principal amount of FIVE MILLION FOUR HUNDRED FIFTY FOUR THOUSAND FIVE HUNDRED FORTY FIVE DOLLARS AND 45/100 ($5,454,545.45) or such lesser amount as shall equal the outstanding principal balance of the Term A Loan made to Borrower by Lender, plus interest on the aggregate unpaid principal amount of such Term A Loan, at the rates and in accordance with the terms of the Loan and Security Agreement dated May 6, 2013 by and among Borrower, Lender, Oxford Finance LLC, as Collateral Agent, and the other Lenders from time to time party thereto (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). If not sooner paid, the entire principal amount and all accrued and unpaid interest hereunder shall be due and payable on

12% SECURED PROMISSORY NOTE
Secured Promissory Note • September 2nd, 2014 • Thermoenergy Corp • Hazardous waste management

This Note is one of several substantially identical promissory notes issued by the Borrower pursuant to that certain Loan Agreement dated as of June 23, 2014 by and among the Borrower, the Holder and certain other persons (the “Loan Agreement”) (which promissory notes, including the Note, are referred to herein as the “Series Notes”). So long as this Note is outstanding, the Holder shall be entitled to the benefit of, and subject to the provisions of, the Loan Agreement.

AMENDMENT TO SECURED PROMISSORY NOTE
Secured Promissory Note • March 28th, 2005 • Spectre Gaming Inc • Services-telephone interconnect systems • Minnesota

This Amendment to Secured Promissory Note (this “Amendment”) is entered into on this 10th day of March, 2005, by and between Spectre Gaming, Inc., a Minnesota corporation (“Maker”), and Whitebox Intermarket Partners, L.P., a British Virgin Islands limited partnership or its assigns (“Payee”), to amend, as hereinafter set forth, the terms of that certain Secured Promissory Note of the Maker, in the amount of $750,000, delivered in favor of Payee on September 10, 2004 (the “Note”).

UNIGENE LABORATORIES, INC. AMENDED AND RESTATED SECURED PROMISSORY NOTE
Secured Promissory Note • October 6th, 2008 • Unigene Laboratories Inc • Medicinal chemicals & botanical products • New Jersey

UCC-1 Financing Statement filed in New Jersey on 6/26/01 in favor of GE Capital Colonial Pacific Leasing (assignee of lessor Genesis Commercial Capital, LLC) regarding: Equipment/Lease No. 01328-01

SECURED PROMISSORY NOTE
Secured Promissory Note • September 11th, 2015 • True Drinks Holdings, Inc. • Medicinal chemicals & botanical products • Nevada

For value received, True Drinks Holdings, Inc., a Nevada corporation (the “Company”), hereby promises to pay to the order of [___________________] or its registered assigns (the “Holder”), at the address of [________________________________________________], the principal sum of [$__________] on the dates specified herein, with interest as specified herein.

FIRST AMENDMENT TO
Secured Promissory Note • April 19th, 2012 • SearchCore, Inc. • Services-management services

This First Amendment to Secured Promissory Note (this “Amendment”) is made and entered into as of this 22nd day of February, 2011 by and between General Cannabis, Inc. (f/k/a LC Luxuries Limited), a Nevada corporation (the “Company”) and Justin Hartfield, an individual (the “Holder”).

Contract
Secured Promissory Note • November 1st, 2021 • Edible Garden AG Inc • Agricultural production-crops • California

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE. THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THIS NOTE UNDER SUCH ACT UNLESS SUCH REGISTRATION IS NOT REQUIRED PURSUANT TO A VALID EXEMPTION THEREFROM UNDER THE ACT.

Contract
Secured Promissory Note • August 14th, 2008 • Communication Intelligence Corp • Computer peripheral equipment, nec • New York
Contract
Secured Promissory Note • November 8th, 2022 • Unique Fabricating, Inc. • Motor vehicle parts & accessories • New York

THIS SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

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