TERM PROMISSORY NOTE Sample Clauses
A Term Promissory Note clause defines the obligation of a borrower to repay a specified sum of money to a lender over a fixed period, according to agreed-upon terms. This clause typically outlines the principal amount, interest rate, repayment schedule, and maturity date, ensuring both parties understand the timing and amount of payments. Its core function is to formalize the repayment arrangement, providing legal clarity and predictability for both borrower and lender regarding the loan's duration and repayment expectations.
POPULAR SAMPLE Copied 1 times
TERM PROMISSORY NOTE. Simultaneously with the execution of this Loan Agreement, the Borrower shall execute and deliver a Promissory Note (the "Note") in the form attached hereto and incorporated herein by reference as Exhibit B.
TERM PROMISSORY NOTE. August 21, 1997 $1,025,000 Sull▇▇▇▇ ▇▇▇nty, Tennessee FOR VALUE RECEIVED, KING PHARMACEUTICALS, INC., a Tennessee corporation (the "Debtor"), hereby unconditionally promises to pay to the order of FIRST AMERICAN NATIONAL BANK (the "Payee"), at the offices of Payee at 4105 ▇▇. ▇▇▇▇▇ ▇▇▇▇▇, Suite 300, Kingsport, Tennessee 37663, or such other place as the Payee or any holder hereof may from time to time designate, the principal sum of ONE MILLION TWENTY FIVE THOUSAND DOLLARS ($1,025,000) in lawful money of the United States of America and in immediately available funds, in thirty five (35) consecutive monthly installments of TWENTY EIGHT THOUSAND FOUR HUNDRED SEVENTY TWO DOLLARS AND TWENTY TWO CENTS ($28,472.22) and one final installment of TWENTY EIGHT THOUSAND FOUR HUNDRED SEVENTY TWO DOLLARS AND THIRTY CENTS ($28,472.30) on the first day of each month commencing on September 1,1997. Debtor hereby further promises to pay interest to the order of Payee on the unpaid principal balance hereof at the Interest Rate (as hereinafter defined). Such interest shall be paid in like money at said office or place from the date hereof, commencing September 1, 1997 and on the first day of each month thereafter until the indebtedness evidenced by this Note is paid in full. Interest payable upon and after an Event of Default or termination or non-renewal of the Loan and Security Agreement shall be payable upon demand.
TERM PROMISSORY NOTE. $___,000,000.00 Fort Worth, Texas November 1, 1998
TERM PROMISSORY NOTE. FOR VALUE RECEIVED, Aerex Industries, Inc., a Florida corporation (“Borrower”), having an office at 3▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇▇, ▇▇ 34946, unconditionally promises to pay to the order of T▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇., an individual (“Lender”), at 2▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ or at such other place as Lender may designate in writing, the principal sum of Four Hundred Ninety Thousand ($490,000) (the “Loan”) outstanding hereunder together with all accrued interest thereon, on August 10, 2016 (the “Maturity Date”), as provided in this Term Promissory Note (this “Note”).
TERM PROMISSORY NOTE. Upon the execution of this Agreement, Borrower shall execute and deliver the Term Promissory Note of even date herewith attached to this Agreement as EXHIBIT A (the "Note") to evidence the indebtedness under the Loan.
TERM PROMISSORY NOTE. The Term Loan made under SECTION 2.05 hereof by Lender shall be evidenced by a the Term Promissory Note {substantially in form presented in EXHIBIT A2 attached hereto and incorporated fully herein by this reference) executed by Borrower, which Term Promissory Note shall (i) be dated the date hereof, (ii) be in the original principal amount of One Million Twenty Five Thousand Dollars ($1,025,000) (iii) be payable to the order of Lender at its office in Kingsport, Tennessee, and (iv) bear interest equal per annum to the sum of ninety (90) days LIBOR plus one and three quarters percent (1.75%).
TERM PROMISSORY NOTE. A duly executed Term Promissory Note payable to the order of Lender, in the form of EXHIBIT A2 with appropriate insertions.
TERM PROMISSORY NOTE. 9 (c) Opinion of Borrower's Counsel............................. 9 (d) Officers' Certificate..................................... 9 (e) Resolutions of Borrower................................... 10 (f) Incumbency Certificate of Borrower........................ 10 (g) Certificates.............................................. 10 (h)
TERM PROMISSORY NOTE that certain Term Promissory Note in the principal amount of $12,000,000.00 dated of even date herewith, made by Borrower payable to the order of Lender, substantially the form of Exhibit B hereto, together with any and all amendments, modifications, extensions, substitutions and renewals thereof. Total Liabilities: all Liabilities of Borrower, including capitalized leases and all reserves for deferred taxes and other deferred sums appearing on the liabilities side of a balance sheet, but excluding debt fully subordinated to Lender on terms and conditions acceptable to Lender.