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 Seventeen Thousand Four Hundred Eighty Two and 77/100 Dollars ($17,482.77) on presentation and surrender of this Convertible Note ("Note") on June 30, 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 Seventeen Twenty Nine Thousand Four Eight Hundred Eighty Two Fifty Eight and 77/100 75/100 Dollars ($17,482.7729,858.75) on presentation and surrender of this Convertible Note ("Note") on June 30December 29, 2000 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 Seventeen Fourteen Thousand Four Six Hundred Eighty Two Five and 77/100 59/100 Dollars ($17,482.7714,685.59) on presentation and surrender of this Convertible Note ("Note") on June 30, 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 Seventeen Eighty Thousand Four Two Hundred Eighty Two Nine and 77/100 06/100 Dollars ($17,482.7780,209.06) on presentation and surrender of this Convertible Note ("Note") on June 30August 31, 2000 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.