Common use of Promise Clause in Contracts

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Twenty Nine Thousand Eight Hundred Fifty Eight and 75/100 Dollars ($29,858.75) on presentation and surrender of this Convertible Note ("Note") on December 29, 1999 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Twenty Nine Seventeen Thousand Eight Four Hundred Fifty Eight Eighty Two and 75/100 77/100 Dollars ($29,858.7517,482.77) on presentation and surrender of this Convertible Note ("Note") on December 29June 30, 1999 2000 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Twenty Eighty Thousand Two Hundred Nine Thousand Eight Hundred Fifty Eight and 75/100 06/100 Dollars ($29,858.7580,209.06) on presentation and surrender of this Convertible Note ("Note") on December 29August 31, 1999 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Twenty Nine Fourteen Thousand Eight Six Hundred Fifty Eight Eighty Five and 75/100 59/100 Dollars ($29,858.7514,685.59) on presentation and surrender of this Convertible Note ("Note") on December 29June 30, 1999 2000 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.