Examples of Subordinated Promissory Notes in a sentence
This Note is one of a number of Subordinated Promissory Notes of the Company described on Exhibit A attached hereto (collectively, the “Trust Notes”).
On or about the date hereof, the Debtor and its affiliates have issued to the Secured Parties Secured Subordinated Promissory Notes in the aggregate original principal amount of $750,000.00 (as the same may be amended from time to time, (the “Notes”) with each Secured Party acquiring a Note for the principal amount specified opposite such Secured Party’s name on Exhibit “A”.
This provision does not govern the assignment of the Convertible Subordinated Promissory Notes, which shall be governed solely by the provisions thereof.
The Subordinated Promissory Notes bear interest at rates notified by the holder.
It is understood and agreed by the Maker and, by the acceptance hereof, the Payee that, notwithstanding Section 6(b) of the August Subordinated Promissory Notes and notwithstanding the Agreement of Purchase and Sale, no prepayment shall be made or required to be made on any of the August Subordinated Promissory Notes with Pro Rata Excess Proceeds unless and until the December Subordinated Promissory Notes shall have been paid in full with Pro Rata Excess Proceeds.