SUBJECT NOTE Sample Clauses
A SUBJECT NOTE clause serves to indicate that certain terms or conditions within a contract or agreement are subject to further negotiation, approval, or fulfillment of specific requirements. In practice, this clause is often used to highlight provisions that are not yet finalized or are contingent upon external factors, such as regulatory approval or third-party consent. Its core function is to provide clarity and transparency by flagging unresolved issues, thereby preventing misunderstandings and ensuring that all parties are aware of outstanding matters that may affect the agreement's enforceability or execution.
SUBJECT NOTE. Borrower shall have executed and delivered the Subject Note to Bank in accordance with subsection 2.01.
SUBJECT NOTE. Borrower shall evidence the Subject Loan by executing and delivering to Bank Borrower’s note
(a) payable in twelve (12) semi-annual installments of principal commencing on January 15, 2002, and continuing each July 15 and January 15 thereafter in accordance with the amortization schedule attached hereto as Exhibit C;
(b) for the initial Interest Period commencing on the Fourth Amendment Effective Date and ending on January 14, 2002, bearing interest of 7.82% per annum;
(c) after the initial Interest Period, bearing interest as provided in subsections 2.03 and 2.04 in respect of the Prime Rate Loans and Eurodollar Loan, as the case may be; and
(d) being in the form and substance of Exhibit B to this Agreement.
SUBJECT NOTE. Concurrently with the execution and delivery of this Agreement Borrower shall execute and deliver to Bank Borrower's note
(a) payable in (5) semi-annual installments of principal commencing on July 15, 2005, and continuing each July 15 and January 15 thereafter in accordance with the amortization schedule attached hereto as Exhibit C with a final Maturity of July 15, 2007;
(b) bearing interest as provided in subsections 2.04; and
(c) being in the form and substance of Exhibit B to this Agreement.
SUBJECT NOTE. 28 subordinated............................................................................................29 subsidiary..............................................................................................29
SUBJECT NOTE. 27 SUBORDINATED................................................................................
SUBJECT NOTE. The Seller has (i) received payment in full of all amounts, if any, that were outstanding under the Subject Note, (ii) as of the date hereof, after giving effect to any such payment, no amounts are outstanding under the Subject Note and (iii) the Seller has not assigned any of its rights under the Subject Note to any Person.
SUBJECT NOTE. The subject loans shall be evidenced at all times by a subject note executed and delivered by Borrower, payable to the order of Bank in a principal amount equal to the dollar amount of the subject commitment as in effect at the execution and delivery of the subject note and being in the form and substance of Exhibit B with the blanks appropriately filled.
(a) Whenever Borrower shall obtain a subject loan, Bank shall endorse an appropriate entry on the subject note or make an appropriate entry in a loan account in Bank's books and records, or both. Each entry shall be prima facic evidence of the data entered; but such entries shall not be a condition to Borrower's obligation to pay.
(b) No holder of the subject note shall transfer the same or seek a judgment or file a proof of claim based thereon, without in each case first endorsing the subject note to reflect the true amount owing thereon.
SUBJECT NOTE. Concurrently with the execution and delivery of this Agreement Borrower shall evidence the Subject Loan by executing and delivering to Bank Borrower’s note
(a) payable in twenty (20) semi-annual installments of interest and principal commencing on January 14, 1998 and continuing on the 14th day of each half year thereafter, the first four (4) such installments to be in an amount (inclusive of principal and interest) equal to Seven Hundred Fifty Thousand Dollars ($750,000), the next six (6) such installments to be in an amount (inclusive of principal and interest) equal to Seven Hundred Seventy-Five Thousand Dollars ($775,000.00), the next nine (9) such installments to be in an amount (inclusive of principal and interest) equal to One Million Four Hundred Thousand Dollars ($1,400,000.00), and the final installment to be in an amount equal to all unpaid principal and interest and all accrued and unpaid interest thereon,
(b) bearing interest (subject to the provisions of subsection 8.10 and those in Exhibit B) prior to Maturity at a rate per annum that shall at all times be seven and eighty-two one hundredths percent (7.82%) per annum on and after July 15, 1999, and after Maturity at a fluctuating rate that shall be equal to two percent (2.0%) per annum plus the Prime Rate, and
(c) being in the form and substance of Exhibit B to this Agreement.