Note Terms. The Company defaults in the due and punctual performance or observance of any material terms contained in this Note, and such default continues for a period of ten (10) consecutive days after written notice thereof to the Company by Seller;
Note Terms. The existing Promissory Note with Able Telcom Holding Corp. ("Able") as the maker and MFS Communications Company, Inc. ("MFS") as the payee shall be assigned to WorldCom Network Services, Inc. ("WorldCom") and shall be replaced by a promissory note of Able payable to WorldCom in the principal amount of $30,000,000 bearing interest at 11.5% from September 1, 1998. The Maturity Date of the Note will be December 15, 2000 (the "Maturity Date"). Interest shall accrue and be payable on February 28, 1999 and quarterly thereafter and on the Maturity Date. The Note may be prepaid in part or in total without penalty. The principal amount of the Note shall be prepaid as follows:
Note Terms. For value received, US Capital Global Lending LLC a Delaware limited liability company (the “Company”), promises to pay to INVESTOR (the “Holder”) the outstanding principal amount of _____________________________.
Note Terms. (a) Each Note issued shall be a non-negotiable promissory note.
Note Terms. (i) Any Note shall be paid in no more than 12 equal quarterly installments of principal and interest, and the first installment of which shall be due 90 days after the Closing.
Note Terms. (a) Each Subscription Note is granted on, and subject to, the Note Terms.
Note Terms. All Notes shall be due and payable, shall bear interest and shall be convertible into other securities as set forth in the Note.
Note Terms. 1 1.3. Warrants...................................................................... 2
Note Terms. The Company defaults in the due and punctual performance or observance of any material terms contained in this Note, and such default continues for a period of thirty (30) consecutive days after written notice thereof to the Company by the holder of this Note, except that any such default by the Company will not result in an Event of Default if such default is waived by the holder(s) of a majority of the total principal amount then outstanding of the 1996 Subordinated Notes of the Company; or
Note Terms. The following are the terms and conditions of the Notes:
