Promissory Bridge Notes Sample Clauses

Promissory Bridge Notes. The Loan shall be evidenced by a promissory bridge note issued to the Lender in the principal amount of the Loan, dated the date the Borrower receives the funds from the Lender, in the form attached hereto as Exhibit A (together with any replacements and substitutes therefore, the “Bridge Note”). The principal amount of the Loan and interest thereon, calculated at the rate of 14% per annum, as provided in the Bridge Note, shall be payable as set forth more particularly therein.