Note Payable definition

Note Payable that certain Note payable to ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ by Com-Net ------------ in an amount equal to $1,144,505.

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Note Payable is defined in the recitals.

Note Payable. The undersigned will pay principal and interest by making payments in the initial amount of $10,572.06 on the first day of each month beginning on March 1, 1998. The undersigned will make these payments until they have paid in full all principal and interest and any other sums due hereunder. Notwithstanding the foregoing, the entire indebtedness evidenced by this Note, including, but not limited to, all outstanding principal and accrued and unpaid interest, shall be due and payable in full on the tenth (10) anniversary date of this Note. The undersigned's initial monthly payments shall be calculated in accordance with the full amortization of the loan evidenced by this Note by level monthly payments of principal and interest over a ten (10) year period at the interest rate applicable on the date hereof. On each Adjustment Date (as herein defined), the amount of the monthly payments will be adjusted so as to provide for the full amortization of the then outstanding principal at the interest rate established at each Adjustment Date in level monthly payments of principal and interest over the remaining term of the original ten (10) year amortization period.

Examples of Note Payable in a sentence

• The Employee may, however, with the consent of Employer elect to continue the deferral of all or any portion of the required compensation, and to continue to accept a Note Payable by Employer as described herein.

• As required by the referenced Deferred Compensation Agreement, the deferred compensation as stipulated in paragraph 1 shall be evidenced by a Note Payable with interest, to be executed by the Employer in favor of the Employee on a quarterly basis.

• The Seller and the Owner shall have provided payoff letters from the holders of the Seller’s outstanding Indebtedness (including, without limitation, the Seller Note Payable), other than the Assumed Obligations, providing that, upon payment of all the Seller’s outstanding Indebtedness at the Closing, all Liens filed against the Seller and the Seller’s properties shall be terminated.

• The Company entered into a Convertible Note Payable with KBM Worldwide, Inc.

• Thus, the 'Note Payable to S&P' in the Financial Statements has increased from $227,000 to $267,000.

More Definitions of Note Payable

Note Payable shall have the meaning set forth in Section 2.04(a)(iii).

Note Payable shall have the meaning assigned thereto in Section 3.2(a) hereof;

Note Payable has the meaning ascribed to such term in §3.1.2(d).

Note Payable has the meaning ascribed to it in Clause 8.1(A).

Note Payable means the promissory note issued in connection with acquisition of MedEval Corp., principal amount of US $2,500,000, which Note Payable was repaid in full in December 2018;

Note Payable has the meaning ascribed to it in Clause ‎3.1(A).

Note Payable means a legally enforceable promise by the Purchaser to the Seller to pay a certain amount of money in United States currency.