Promissory Note definition

Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.
Promissory Note means a promissory note of the Borrower payable to any Lender or its registered assigns, in substantially the form of Exhibit G, evidencing the aggregate outstanding principal amount of Loans of the Borrower to such Lender resulting from the Loans made by such Lender.
Promissory Note means any promissory note executed and delivered by a Borrower upon the request of a Lender evidencing the amount of principal owed by such Borrower to such Lender under the Credit Agreement.

Examples of Promissory Note in a sentence

  • The Borrower hereby authorizes FINPROSPERA to assign, endorse, pledge or negotiate in any form, before its maturity, the Promissory Note, pursuant to the terms of Article 299 of the General Law of Credit Instruments and Transactions (Ley General de Títulos y Operaciones de Crédito).

  • The Borrower knows and understands that the execution and delivery of a copy of the Promissory Note does not constitute payment, novation, modification or extinction of the obligations with respect to the receipt of the amount of the loan.

  • FINPROSPERA will return the original Promissory Note to the Borrower, once the total payment of the loan has been made according to the contract, within 30 (thirty) calendar days after the Borrower requests it to FINPROSPERA.


More Definitions of Promissory Note

Promissory Note shall have the meaning set forth in Section 2.01.
Promissory Note means an instrument that
Promissory Note means an instrument that evidences a promise to pay a monetary
Promissory Note means the promissory note described in section 2.3.
Promissory Note has the meaning specified in Section 4.3(b).
Promissory Note has the meaning given to it in Section 2.
Promissory Note means an instrument that evidences a