First Promissory Note has the meaning ascribed to such term in the Merger Agreement.

First Promissory Note means that certain Promissory Note, dated as of the date of Closing, issued by the Buyer in favor of the Sellers in the principal amount of One Million Dollars ($1,000,000), as adjusted pursuant to Section 2(e)(ii), having a three (3) year term and bearing interest at the rate of eight percent (8%) per annum compounded quarterly, in substantially the form attached hereto as Exhibit B-1.

First Promissory Note has the meaning set forth in Section 2.5.

Examples of First Promissory Note in a sentence

The First Promissory Note bears an annual interest rate of 7.5% with a maturity date of December 4, 2016.
During the year ended December 31, 2015, Banco Occidente approved a six month grace period on principal payments from November 2015 to April 2016, and extended the maturity date of the First Promissory Note to October 2, 2018.
During the year ended December 31, 2015, Banco Occidente approved a twelve month grace period on principal payments from November 2015 to April 2016, and extended the maturity date of the First Promissory Note to October 2, 2018.
That apart, from a practical and pragmatic point of view if what the learned Additional Solicitor General argued is accepted then decision of one High Court declaring constitutionality of an all India statute would foreclose adjudication by other High Courts which would neither be in the interest of administration of justice nor in the public interest.
Upon information and belief, at the time that they purportedly took possession of the First Promissory Note, Second Promissory Note, First Deed of Trust and/or Second Deed of Trust, Defendants Citimortgage, HSA, Greenwich, and Market knew or should have known that Island Mortgage gave no consideration to the Moritzes for the Promissory Notes or Deeds of Trust and/or Island Mortgage had obtained the same by defrauding the Moritzes.

More Definitions of First Promissory Note

First Promissory Note shall have the meaning assigned to such term --------------------- in Section 2.02.

First Promissory Note means the unsecured demand promissory note of the Company issued to an arm’s-length party, in the principal amount of $30,000, bearing interest at a rate of 10% per annum on the unpaid portion of the principal, calculated and compounded on a monthly basis;

First Promissory Note means the promissory note in the amount of $1,000,000 in the form attached hereto as Exhibit B to be granted by Acquiror at the Closing in favor of the Target Shareholders, which note shall be payable in any combination of cash or Note Stock (at the option of the Shareholder's Agent).

First Promissory Note has the meaning set forth in Section 2(c) below.

First Promissory Note means the promissory note from Aduro Energy to the Company in respect of the Bridge Loan in the amount of $50,000 dated August 7, 2020;

First Promissory Note shall have the meaning set forth in Section ------- 3.1(b)(i). ---------

First Promissory Note means the promissory note referred to in paragraph 3.1 (1) (b) in the form attached hereto as Schedule “B”;