Note Completion Clause Samples
The Note Completion clause defines the requirements and procedures for finalizing or completing a promissory note or similar financial instrument. Typically, this clause outlines the steps that must be taken to ensure all necessary information is filled in, such as dates, amounts, or signatures, before the note becomes legally binding. By specifying these requirements, the clause helps prevent disputes over incomplete or ambiguous documents and ensures that all parties are clear on the terms and obligations set forth in the note.
Note Completion. With respect to all Notes submitted to Ex-Im Bank for a Guarantee Legend or Guaranteed Note Certificate, the Lender shall ensure:
(a) that the text of each such Note conforms with the text and format required by Section 2.07;
(b) that the date of issuance of each such Note conforms with all applicable terms and conditions of this Agreement, the relevant Ex-Im Bank Approval and any Credit Agreement for the establishment of such date;
(c) that the Lender’s name and address are accurately reflected as payee on the face of each such Note;
(d) that the representation of the principal amount of each such Note is accurate and free of ambiguity between the numerical representation and the textual representation of each such principal amount;
(e) that, in the case of any Global Note, the face principal amount of each Note is greater than or equal to the aggregate principal amounts of any Guarantee Certificates previously issued with respect thereto; and
(f) that the due dates set forth in each such Note conform with all applicable terms and conditions of this Agreement, the relevant Ex-Im Bank Approval and any Credit Agreement for the establishment of such dates; in each case, provided that the Lender and Ex-Im Bank each acknowledges and agrees that pursuant to Section 9.07 the Lender shall indemnify Ex-Im Bank for all actual damages and costs suffered by Ex-Im Bank as a result of any failure by the Lender to comply with its obligation under this Section 5.05 but any such failure shall in no way affect the binding nature of any Guarantee issued with respect to the relevant Credit.
Note Completion. This Crowd Note will terminate upon the earlier of: (a) a conversion of the entire Purchase Price under this Crowd Note into Conversion Shares; or (b) the payment of amounts due to the Investor pursuant to Section 2.3(a).
Note Completion. With respect to all Notes submitted to Ex-Im Bank for a Guarantee Legend or Guaranteed Note Certificate, the Lender shall ensure:
(a) that the text of each such Note conforms with the text and format required by Section (b) that the date of issuance of each such Note conforms with all applicable terms and conditions of this Agreement, the relevant Ex-Im Bank Approval and any Credit Agreement for the establishment of such date;
Note Completion. This Crowd Note will terminate upon the payment of Total Amount Payable to the Investors.