Evidence of indebtedness means a note, draft or similar negotiable or nonnegotiable instrument.
Evidence of indebtedness. The Bank shall open and maintain at the Branch of Account, accounts and records evidencing the Borrowings made available to the Borrower by the Bank under this agreement. The Bank shall record the principal amount of such Borrowings, the payment of principal and interest on account of the loans, and all other amounts becoming due to the Bank under this agreement. The Bank's accounts and records constitute, in the absence of manifest error, PRIMA FACIE evidence of the indebtedness of the Borrower to the Bank pursuant to this agreement. The Borrower authorizes and directs the Bank to automatically debit, by mechanical, electronic or manual means, any bank account of the Borrower for all amounts payable under this agreement, including but not limited to, the repayment of principal and the payment of interest, fees and all charges for the keeping of such account.
Examples of Evidence of indebtedness in a sentence
Evidence of indebtedness of all kinds, whether secured by mortgage, pledge, deed of trust or otherwise will not require the approval of the Pueblo of Acoma or the Secretary of the Interior, except when the use of trust or federally restricted Indian property requires such approval, and/or when specific approval is otherwise required under this Title.
When formulating the real estate policy, the board should consider both internal and external fac- tors, such as size and condition of the state bank, expertise of its lending staff, avoidance of undue con- centrations of risk, compliance with all real estate-related laws and rules, and general market condi- tions.9.2(2) Evidence of indebtedness.
Section 2(1) of the Securities Act broadly defines the term ‘‘security’’ to include, among other things, any: • Stock; • Note; • Bond; • Debenture; • Evidence of indebtedness; • Investment contract; or • Interest or instrument commonly known as a security.33 The U.S. Supreme Court has repeatedly emphasized that the definition of ‘‘security’’ is quite broad.
Evidence of indebtedness arising from invested money of said funds shall be transferred by the custodians thereof to the funding agent.
More Definitions of Evidence of indebtedness
Evidence of indebtedness. Any deferred portion of the purchase price payable in accordance with Sections 7.2.1 or 7.2.2 hereinabove, shall be evidenced by a promissory note which shall bear annual interest at (a) the prime rate as reported in The Wall Street Journal, for purchases in accordance with 7.2.1; or (b) the rate, if any, as included in the Notice to Sell. Such promissory note shall provide for acceleration of the entire remaining balance in the event of a default in the payment of any installment not cured within seven days after its due date. The maker shall have the right to prepay all or any of said notes in the inverse order of their maturity, with interest, but without premium or penalty.
Evidence of indebtedness. The bank shall open and maintain at the Branch of Account accounts and records evidencing the Borrowings made available to the Borrower by the Bank under this agreement. The Bank shall record the principal amount of such Borrowings, the payment of principal and interest on account of the loans, and all other amounts becoming due to the Bank under this agreement. The Bank's accounts and records constitute, in the absence of manifest error, prima facie evidence of the indebtedness of the Borrower to the Bank pursuant to this agreement. The Borrower authorizes and directs the Bank to automatically debit, by mechanical, electronic or manual means, any bank account of the Borrower for all amounts payable under this agreement, including but not limited to, the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accounts.
Evidence of indebtedness. As evidence of the indebtedness under the Extended Line of Credit, the Borrower will deliver to the Lender an amended and restated grid promissory note (the "Note") in the principal amount of $500,000. The Lender is hereby authorized to record on the Note all advances by the Lender under the Extended Line of Credit, all interest accrued thereon and all payments of principal and interest thereon made by the Borrower. The Note will constitute prima facie evidence of the amounts of all such advances, interest and payments and the indebtedness of the Borrower under the Extended Line of Credit from time to time. The Note will amend and restate the grid promissory note dated February 21, 2003, created and issued by the Borrower to the Lender.
Evidence of indebtedness. As evidence of the indebtedness under the Line of Credit, the Borrower will deliver to the Lender a grid promissory note (the "Note") in the principal amount of $200,000. The Lender is hereby authorized to record on the Note all advances by the Lender under the Line of Credit, all interest accrued thereon and all payments of principal and interest thereon made by the Borrower. The Note will constitute prima facie evidence of the amounts of all such advances, interest and payments and the indebtedness of the Borrower under the Line of Credit from time to time.
Evidence of indebtedness. Promissory Note (Base Rate) to be signed by Borrower in the form of Exhibit A hereto (the Note).
Evidence of indebtedness. The Bank shall open and maintain accounts and records evidencing the Borrowings and Hedge Contracts made available to the Borrower by the Bank. The Bank shall record the principal amount of such Borrowings, the payment of principal, interest and fees, and all other amounts becoming due to the Bank, including amounts due under Hedge Contracts. The Bank's accounts and records constitute, in the absence of manifest error, prima facie evidence of the indebtedness of the Borrower to the Bank. The Borrower authorizes and directs the Bank to automatically debit, by mechanical, electronic or manual means, any bank account of the Borrower for all amounts payable by the Borrower to the Bank including, but not limited to, the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank account. This provision shall be interpreted as a separate contract between the parties, independent of all other terms of this Agreement and shall remain in full force and effect notwithstanding that this Agreement shall have otherwise ceased to have any force or effect.
Evidence of indebtedness. The Bank shall open and maintain at the Branch of ------------- Account accounts and records evidencing the Borrowings made available to the Borrower by the Bank under this agreement. The Bank shall record the principal amount of such Borrowings, the payment of principal and interest on account of the loans, and all other amounts becoming due to the Bank under this agreement. The Bank's accounts and records constitute, in the absence of manifest error, PRIMA FACIE evidence of the indebtedness of the Borrower to the Bank pursuant to this agreement. BIOCLEAR TECHNOLOGY INC. PAGE 6 -------------------------------------------------------------------------------- The Borrower authorizes and directs the Bank to automatically debit, by mechanical, electronic or manual means, any bank account of the Borrower for all amounts payable under this agreement, including but not limited to, the repayment of principal and the payment of interest, fees and all charges for the keeping of such bank accounts.