PROMISSORY NOTE Loan definition

PROMISSORY NOTE Loan. Np:02014155 (Continued) Page 2 ================================================================================ This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute. Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accommodation party of any of the indebtedness or any guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the guarantor's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default. Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.
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PROMISSORY NOTE Loan. ATTORNEY'S FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrower does not pay. Borrower will pay Lender the amount of these costs and expenses, which includes, subject to any limits under applicable law, Lender's reasonable attorneys' fees and Lender's legal expenses whether or not there is a lawsuit, including reasonable attorneys' fees and legal expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all other sums provided by law.
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PROMISSORY NOTE Loan. GOVERNING LAW. THIS NOTE WILL BE GOVERNED BY FEDERAL LAW APPLICABLE TO LENDER AND, TO THE EXTENT NOT PREEMPTED BY FEDERAL LAW, THE LAWS OF THE STATE OF MICHIGAN WITHOUT REGARD TO ITS CONFLICTS OF LAW PROVISIONS. THIS NOTE HAS BEEN ACCEPTED BY LENDER IN THE STATE OF MICHIGAN. XXXXXE OF VENUE. If there is a lawsuit, Borrower agrees upon Lender's reqxxxx xx submit to the xxxxxdiction of the courts of Washtenaw County, State of Michigan.
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Examples of PROMISSORY NOTE Loan in a sentence

  • Borrower PROMISSORY NOTE Loan No: 29962 (Continued) Page 2 ================================================================================ authorizes Xxxxxx, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any and all such accounts, and, at Xxxxxx's option, to administratively freeze all such accounts to allow Lender to protect Xxxxxx's charge and setoff rights provided in this paragraph.

  • For purposes of this Section 3, the term “Officer” shall have the meaning ascribed to such term in SEC Rule 16a‑1(f) and the term “Total Compensation” shall be calculated as follows.

  • Exhibit 10.9 - Pg. 2 PROMISSORY NOTE Loan No: 0000050483 (Continued) Page 3 _____________________________________________________________________________ PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.

  • Xxxxxxx, Xx. Chief Executive Officer EXHIBIT A Third Amended and Restated Promissory Note (See attached) THIRD AMENDED AND RESTATED SECURED PROMISSORY NOTE (Loan A) $5,918,377.53 Originally Dated: May 10, 2011 Amended and Restated as of: April 1, 2013 Second Amended and Restated as of November 1, 2013 Third Amended and Restated as of March 1, 2014 FOR VALUE RECEIVED, the undersigned, XTERA COMMUNICATIONS, INC., a Delaware corporation (“Borrower”).

  • Advances under the Libor Option PROMISSORY NOTE Loan No. 5641298123 (CONTINUED) Page 2 -------------------------------------------------------------------------------- are subject to "Advance Limitations".

  • The Default Rate Margin shall also apply to each PROMISSORY NOTE Loan No.: 1089921655 (Continued) Page 2 ================================================================================ succeeding interest rate change that would have applied had there been no default.

  • PROMISSORY NOTE Loan No: 10017173 Any clause in this document requiring arbitration is not enforceable when SBA is the holder of the Note secured by this Instrument”.

  • THE TERMS OF THIS AGREEMENT SHOULD BE READ CAREFULLY BECAUSE ONLY THOSE TERMS IN WRITING [PROMISSORY NOTE] Loan No. 18906 ARE ENFORCEABLE.

  • Any such excess interest or unauthorized fee shall, instead of Exhibit 99.3 - Pg. 2 PROMISSORY NOTE Loan No: 0000050483 (Continued) Page 3 ______________________________________________________________________ anything stated to the contrary, be applied first to reduce the principal balance of this loan, and when the principal has been paid in full, be refunded to Borrower.

  • PROMISSORY NOTE Loan No: 0000074064 (Continued) Page 3 -------------------------------------------------------------------------------- PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.


More Definitions of PROMISSORY NOTE Loan

PROMISSORY NOTE Loan. No: 0000000026 (Continued) Page 2 ================================================================================ ATTORNEY'S FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrower does not pay. Borrower will pay Lender that amount. This includes, subject to any limits under applicable law, Xxxxxx's attorneys' fees and Xxxxxx's legal expenses, whether or not there is a lawsuit, including attorneys' fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable law, Xxxxxxxx also will pay any court costs, in addition to all other sums provided by law. GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws of the State of North Carolina. This Note has been accepted by Xxxxxx in the State of North Carolina.
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PROMISSORY NOTE Loan. No: 0000000026 (Continued) Page 3 ================================================================================ PRIOR TO SIGNING THIS NOTE, XXXXXXXX READ AND UDNERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. XXXXXXXX AGREES TO THE TERMS OF THE NOTE. BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE. BORROWER: TRANSBOTICS CORPORATION By: /s/ Xxxxxx Xxxxxxx -------------------------------------------------------- Xxxxxx Xxxxxxx President, CEO & CFO of Transbotics Corporation ================================================================================ CORPORATE RESOLUTION TO BORROW / GRANT COLLATERAL ----------- ----------- ------------ ------------ ------------ -------------- ----------- ----------- Principal Loan Date Maturity Loan No Call/Coll Account Officer Initials $150,000 11-13-2004 03-31-2005 0000000026 0001 1000501525 N8U ----------- ----------- ------------ ------------ ------------ -------------- ----------- ----------- References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text length limitations. ----------------------------------------------------------------------------------------------------- Borrower: Transbotics Corporation (TIN: 00-0000000) Lender: SouthTrust Bank 0000 Xxxxxxx Xxxxx Xxxxxxxxxx Xxxxx - Xxxxxxxxx Xxxxxxxxx, XX 00000 Xxxxxxxxx, XX ===================================================================================================== WE THE UNDERSIGNED, DO HEREBY CERTIFY THAT: THE CORPORATION'S EXISTENCE. The complete and correct name of the corporation is Transbotics Corporation ("Corporation"). The Corporation is a corporation for profit which is, and at all times shall be, duly organized, validly existing, and in good standing under and by virtue of the laws of the State of Delaware. The Corporation is duly authorized to transact business in the State of North Carolina and all other states in which the Corporation is doing business, having obtained all necessary filings, governmental licenses and approvals for each state in which the Corporation is doing business. Specifically, the Corporation is, and at all times shall be, duly qualified as a foreign corporation in all states in which the failure to so qualify would have a material adverse effect in its business or financial condition. The Corporation has the ful...
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PROMISSORY NOTE Loan. No: 108143856 (Continued) Page 2 ================================================================================ Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.
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PROMISSORY NOTE Loan. No: 0000050483 (Continued) Page 2 _____________________________________________________________________________ and Lender's legal expenses whether or not there is a lawsuit, including reasonable attorneys' fees and legal expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all other sums provided by law.
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PROMISSORY NOTE Loan. Lender that amount. This includes, subject to any limits under applicable law, Lender's reasonable attorneys' fees and Lender's legal expenses, whether or not there is a lawsuit, including reasonable attorneys fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all other sums provided by law. GOVERNING LAW. This Note will be governed by federal law applicable to Lender and, to the extent not preempted by federal law, the laws of the State of Minnesota without regard to its conflicts of law provisions. This Note has been accepted by Lender in the State of Minnesota.
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PROMISSORY NOTE Loan. No: 1413111 (Continued) Page 2 -------------------------------------------------------------------------------- Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
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Related to PROMISSORY NOTE Loan

  • 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 Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Bridge Loan Agreement means the 364-day Bridge Loan Agreement dated as of April 3, 2012, as amended, restated, supplemented or otherwise modified, among the Company, the lenders party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • Term Note A means a promissory note of the Borrower payable to the order of a requesting Lender in the principal amount of such Lender’s Term Loan A Commitment, in substantially the form of Exhibit E-1.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Original Loan Documents means the “Loan Documents” as defined in the Original Credit Agreement.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Secured Promissory Note is defined in Section 2.4.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • Original Loan Agreement has the meaning set forth in the Recitals.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of January 1, 2007, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.