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. 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. (a) Each Subscription Note is granted on, and subject to, the Note Terms.
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. The Company defaults in the due and punctual performance or observance of any material terms contained in this Note (other than payment defaults which are covered by subparagraphs (a) and (b) above), and such default continues for a period of thirty (30) days after receipt of the notice to the Company from the Holder specifying in reasonable detail the default to be cured, except that any such default by the Company will not result in an Event of Default hereunder if waived by the Holder;
Note Terms. 1 1.3. Warrants............................................................... 2
Note Terms. Each Note issued to each Holder shall (a) be executed by the Borrower, (b) be payable to the order of such Holder and be dated the date of issuance thereof, (c) be in a stated principal amount set forth opposite such Holder's name on EXHIBIT 2.3, (d) mature on the Maturity Date, (e) bear interest as provided in Section 3, and (f) be entitled to the benefits of this Agreement and the other Credit Documents.
Note Terms. (a) Upon Lender's advancement of the Principal Sum, Borrower, promises to pay to the order of Lender at First Busey Trust and Investment Co.; Attention: Gregx XxXxxxx xxx principal sum of One Million and no/100 Dollars ($1,000,000.00) (the "Principal Sum") under the terms and conditions set forth herein.
