The Promissory Note. The Promissory Note has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.
The Promissory Note. The outstanding principal amount of the Loan shall be evidenced by and subject to the terms of a promissory note, dated of even date herewith, substantially in the form set forth as Exhibit 1 hereto (the "Note") payable to the order of the Lender and representing the obligation of the Borrower to pay the Lender the amount of the Loan, with interest thereon, as prescribed in Section 1.4. The Lender is authorized to endorse the date and amount of the Loan and each repayment of principal and/or interest with respect thereto on the Schedule A annexed to and constituting a part of the Note, which endorsement shall constitute prima facie evidence of the information endorsed.
The Promissory Note. The outstanding principal amount of the Loan shall be evidenced by and subject to the terms of a promissory note, dated of even date herewith, substantially in the form set forth as Exhibit 1 hereto (as amended, renewed, restated, increased, consolidated or substituted from time to time, the "Note"), payable to the order of Lender and representing the obligation of Borrower to pay Lender the amount of the Loan, with interest thereon, as prescribed in Section 1.4. All references to the "Note" in this Loan Agreement and the Security Agreement (each as defined in this Loan Agreement) and in such other agreements and documents executed and delivered in connection with this Loan Agreement shall be deemed to be references to the Note referred to in this Section.
The Promissory Note. The outstanding principal amount of the Loan shall be evidenced by and subject to the terms of a promissory note, dated of even date herewith, substantially in the form set forth as Exhibit 1 hereto (as amended, renewed, restated, increased, consolidated or substituted from time to time, the "Note") payable to the order of the Lender and representing the obligation of the Borrower to pay the Lender the amount of the Loan, with interest thereon, as prescribed in Section 1.3. All references to the "Note" in this Loan Agreement, the Security Agreement, the Pledge Agreement, each Leasehold Mortgage or Mortgage (each as defined in this Loan Agreement) and in such other agreements and documents executed and delivered in connection with this Loan Agreement shall be deemed to be references to the Note referred to in this Section.
The Promissory Note. 2. In consideration for Holder removing the above described covenants from the Promissory Note, Maker does hereby grant to Holder warrants to purchase stock of Maker based on the following terms and conditions:
The Promissory Note. When the Company executes and delivers this Agreement to Sponsor, the Company also will execute and deliver to Sponsor a Promissory Note in the form of Exhibit A hereto (the "Note"). The Note will evidence the Company's obligation to repay the Previously Advanced Amount and all Advances Sponsor makes pursuant to this Agreement.
The Promissory Note. (b) An Assignment and Assumption Agreement, in substantially the form attached as EXHIBIT E hereto;
The Promissory Note. 8.5 Transition Agreement between Buyer and Seller substantially in the form of Exhibit E hereto (the "Transition Agreement") relating to (a) use of the space currently occupied by the Business, (b) use of the systems, if any, currently shared by Seller and its affiliates, and (c) the relationship between Buyer and affiliates of Seller regarding resale of certain software products manufactured or represented by affiliates of Seller.
The Promissory Note. Obligations. The indebtedness, obligations and liabilities of the Borrower to the Lender existing on the date of this Agreement or arising thereafter, direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, arising by contract, operation of law or otherwise, to the extent that any such obligation arises or is incurred under this Agreement or any of the other Loan Documents or in respect of any of the Advances or the Note or other instruments at any time evidencing any thereof. Permitted Encumbrances. Those encumbrances on the Mortgaged Property permitted by the Security Deed.
The Promissory Note. Pursuant to the Second Agreement, the Company will issue to the Vendor (or its nominee) the Promissory Note upon the Completion to settle the Consideration. Set out below are the principal terms of the Promissory Note: Issuer: the Company Noteholder: the Vendor (or its nominee) Principal amount: HK$100,000,000 Interest: 4% per annum on the outstanding amount of the Promissory Note Maturity date: the third anniversary of the date of the Promissory Note or such other date as the Company and the noteholder may agree in writing Repayment: The Promissory Note shall be due and repayable to the noteholder (or to such other person as the noteholder may direct by written notice to the Company) on the maturity date Early redemption: The Company may prepay all or part of the Promissory Note together with interest accrued thereon on any banking day prior to the maturity date by giving prior written notice of one (1) clear banking day in advance to the noteholder Transferability: The noteholder may assign or transfer the Promissory Note or any part thereof to any third party by endorsement with the prior written consent of the Company. Noteholder may not assign the Promissory Note either in part or in whole to any connected persons (as defined in the GEM Listing Rules) of the Company or any of their associates (as defined in the GEM Listing Rules). The Company intends to repay the outstanding amount of the Promissory Note by its internal resources, dividend generated from the Target Group, and if necessary and appropriate, equity or debt financing.
