Master Note a. The Issuer will, prior to the Effective Date, deliver to the Bank a Note Certificate registered in the name of Cede & Co., a nominee of DTC, evidencing the Obligations. The Note Certificate shall bear the manual or facsimile signatures of one or more Authorized Persons and specify the date of issuance (the “Issue Date”), the full legal name of the Issuer, and the name of the bank acting as paying agent for the Issuer.
Master Note. Advances under the Revolving Loan shall be evidenced by the Master Note, in substantially to the Seventh Amendment annexed hereto as Exhibit A, and the balance due from time to time on the Master Note shall be conclusively evidenced by the Bank’s records of disbursements and repayments, subject to Subsection 2.1(f).
Master Note. If this Note is designated herein as a MASTER NOTE or is denoted on Bank’s records as a MASTER NOTE, then this Note evidences a line of credit and Borrower shall be liable for only so much of the principal amount as shall be equal to the total of the amounts advanced to or for Borrower by Bank from time to time, less all payments made by or for Borrower and applied by Bank to principal, and for interest on each such advance, fees, premiums, charges and costs and expenses incurred or due hereunder, all as shown on Bank’s books and records which shall be conclusive evidence of the amount owed by Borrower under this Note, absent a clear and convincing showing of bad faith or manifest error. If this is a MASTER NOTE, upon the occurrence of an Event of Default or the occurrence of an event which, with the giving of notice or a lapse of time, or both, would become an Event of Default under this Note in addition to its other rights and remedies, Bank may terminate or suspend Borrower’s right to receive any future or additional advances under this Note and the other loan documents. (Signatures Begin on the Next Page) The undersigned has executed this Note as of the day and year first above stated. FIRSTWAVE TECHNOLOGIES, INC. Witness: By: Xxxxxxx X. Xxxxx CEO and Chairman Print Name:
Master Note. The Master Note, properly executed.
Master Note. The promissory note (the "Master Note"), dated of even date herewith, in the principal face of the Credit Line, payable to the order of Xxxxxxxx, evidencing Borrower's obligation to pay the amounts advanced or re-advanced by Xxxxxxxx against the Credit Line with interest and agreed charges and all renewals, modifications, amendments and substitutions, if any, thereof.
Master Note. This Note evidences a line of credit and Borrower shall be liable for only so much of the principal amount as shall be equal to the total of the amounts advanced to or for Borrower by Bank from time to time, less all payments made by or for Borrower and applied by Bank to principal, and for interest on each such advance, fees, premiums, charges and costs and expenses incurred or due hereunder, all as shown on Bank’s books and records which shall be conclusive evidence of the amount owed by Borrower under this Note, absent a clear and convincing showing of bad faith or manifest error. Upon the occurrence of an Event of Default or the occurrence of an event which, with the giving of notice or a lapse of time, or both, would become an Event of Default under this Note, in addition to its other rights and remedies, Bank may terminate or suspend Borrower’s right to receive any future or additional advances under this Note and the other loan documents.
Master Note. Each of the advances under the Line of Credit shall be made pursuant to the Master Note. The Master Note will initially not bear interest, but if parties determine that the Master Note is likely to remain outstanding for more than six months, the parties have agreed to select a commercially reasonable rate of interest (the "Interest Rate") based on the Prime Rate (as defined below). Once established such Interest Rate may be adjusted by the parties from time to time to reflect any changes to the composite Prime Rate as published in the Wall Street Journal.
Master Note. This Note is a master note, and it is contemplated that any amounts and liability incurred in the on-going operation thereof on behalf of Debtor and as evidenced hereby will be advanced from time to time to the Debtor by Holder in installments, as requested by the Debtor and agreed to by Holder, under the Credit and Security Agreement of even date hereof between Debtor and Holder.
Master Note. Attached hereto as Exhibit C is a non-negotiable and ----------- unsecured Master Note executed by Executive and payable to Employer. Without further action, all loans hereafter made by Employer to Executive pursuant to the provisions of this Agreement shall be deemed to have been made pursuant to the provisions of the Master Note dated as of the date the funds are advanced for concerned loans and in the original principal amount equal to the amount of such funding and due and payable four (4) years from the date of the concerned advance.
Master Note. This Note is to the extent specified in the ----------- Employment Agreement intended to document certain principal advances which may hereafter be made under the Employment Agreement by Payee to Maker. This Note shall for purposes of each separate principal advance be deemed dated as of the date of the concerned advance. ___________________________________________ XXXX X. XXXXXXXX
