Examples of Term Promissory Notes in a sentence
On December 27, 2018, we issued short-term non-interest-bearing Term Promissory Notes (the “Term Notes”) to two current investors in exchange for an aggregate of $250,000.
Each request for a Subsequent Advance under the Advance Note, the Multiple Advance Term Promissory Notes, or the Revolving Line of Credit Promissory Note must be in the minimum amount of $50,000.00 or the unadvanced portion of the Note under which the Subsequent Advance has been requested, whichever is less.
At the Initial Closing, the Purchasers will deliver to the Company (i) the Term Promissory Notes marked "paid in full," each dated January 15, 1992, made by the Company to the respective orders of the Purchasers, in lieu of the payment of $150,000, as described in Exhibit 1.01A, (ii) the Pledge Agreements dated January 15, 1992 between such Purchaser and the Company and (iii) the collateral, and the Company will deliver to each Purchaser by check all accrued interest therein through the date of Closing.
SUMO takes part in I/O Lab, the common lab of Orange Labs and Inria, dedicated to the design and management of Software Defined Networks.
The principal amount of the Loans outstanding from time to time hereunder and represented by Term Promissory Notes shall bear interest at the per annum rate of nine and one-quarter percent (9.25%); and the principal amount of the Loans outstanding from time to time and represented by Future Advance Promissory Notes shall bear interest at the per annum rate of eight and one-half percent (8.50%).
Each of the holders (the “Holders”) of the Short Term Promissory Notes (the “2022 Notes”) as set forth on Section 7.2(h)(i) of the Company Disclosure Schedule shall have provided written consent to the assignment of such 2022 Notes from the Company to the Surviving Company; provided, that this Section 7.2(h)(i) shall be deemed to have been satisfied in the event an amendment to this Agreement to effect the Structuring Amendment is entered into accordance with Section 5.18.
The representations and warranties made by the Company and the Subsidiaries in the Commercial Revolving Loan, Term Loan and Security Agreement between the Company and State Street Bank and Trust Company dated as of April 27, 1995 (the "Credit Agreement") and the related Commercial Term Promissory Notes between the Company and State Street Bank and Trust Company dated as of May 31, 1996 and September 19, 1996 are true and correct.
The following definitions shall apply for all purposes of this Note: “2020A Bridge Notes” means a series of Convertible Term Promissory Notes of like tenor, numbered sequentially and having an aggregate principal amount of up to $4,000,000 (including any notes issued in replacement thereof).
Each of the documents to be executed and delivered at the Second Amendment Closing, including, without limitation, executed Term Promissory Notes substantially in the form of Exhibit A hereto, and all other certificates, documents and instruments to be executed in connection herewith shall have been duly and properly authorized, executed and delivered by Borrower and shall be in full force and effect on and as of the Second Amendment Closing Date.
PHI is indebted to Spar in the amount of approximately $7,664,019 as of the Effective Date, pursuant to (i) two Term Promissory Notes dated as of June 30, 2002 (the "Term Notes") in the original principal amounts of $2,500,000 and $3,500,000, respectively, issued by PHI, as borrower, to Spar, as lender, and (ii) that certain Term Loan, Guaranty and Security Agreement dated as of June 30, 2002 (the "Term Loan Agreement") among PHI, as borrower, Stimulys, as guarantor, and Spar, as lender.