Examples of Taiwan Promissory Note in a sentence
The original(s) of the Taiwan Promissory Note shall be returned to the Parent within three (3) Business Days after all of the Obligations of Borrowers have been fully repaid and performed.
California law governs the Loan Documents without regard to principles of conflicts of law, except for the Taiwan Promissory Note and Taiwan Promissory Note Authorization, which shall be governed by and construed and interpreted in accordance with the laws of Taiwan (Republic of China).
With respect to the Taiwan Promissory Note being issued, Borrowers shall, upon the written notice of Bank, issue and deliver to Bank, on the next Business Day of receipt of such notice, another Taiwan Promissory Note identical in all substantive respects to the Taiwan Promissory Note it is to replace (save that the date of new Taiwan Promissory Note shall be the date of delivery thereof to Bank).
In order to secure the performance of the Obligations, Borrowers, as a condition precedent to the initial Advance, execute and deliver: (i) a Taiwan Promissory Note in an amount of Twelve Million Dollars ($12,000,000) (except that the due date, the date from which interest is to accrue and the interest rate thereon shall be left blank) (in form of Exhibit E) and (ii) a Taiwan Note Authorization (in form of Exhibit F).
As used in this Agreement, "Subordinated Debt" means Indebtedness of Borrower which by its terms provides that no payments or distributions may be made thereon or in respect thereto at any time when a default has occurred and is continuing under a document providing for repayment of Indebtedness of Borrower for borrowed money (other than such Subordinated Debt) or for the payment by Borrower of the purchase price of tangible property.
JURY TRIAL WAIVER; JUDICIAL REFERENCECalifornia law governs the Loan Documents without regard to principles of conflicts of law, except for the Taiwan Promissory Note and Taiwan Promissory Note Authorization, which shall be governed by and construed and interpreted in accordance with the laws of Taiwan (Republic of China).
In order to secure the performance of the Obligations, Borrowers, as a condition precedent to the Advance on the Second Amendment Date, execute and deliver: (i) a Taiwan Promissory Note in an amount of Twelve Million Dollars ($12,000,000) (except that the due date, the date from which interest is to accrue and the interest rate thereon shall be left blank) (in form of E xhibit E) and (ii) a Taiwan Note Authorization (in form of E xhibit F).
Bank shall return the original of the Taiwan Promissory Note dated December 27, 2018, in the amount of $12,000,000 to Parent within three (3) Business Days after all of the Obligations existing as of the Second Amendment Date have been fully repaid and performed.