Promissory Note definition
Examples of Promissory Note in a sentence
Ltd, as evidenced by that certain Intercompany Promissory Note, dated as of March 27, 2025 and as in effect on the Closing Date in an aggregate principal amount not to exceed $400,000.
The Borrowers, on a joint and several basis, promise to pay interest on the unpaid principal amount of this Revolving Credit Promissory Note (this “Note”) from the date hereof until the Loans made by Lender are paid in full, at such interest rates and at such times as provided in the Loan Agreement.
The principal balance of this Promissory Note (this “Note”) shall be payable promptly after the date on which the Maker consummates an initial public offering of its securities or the date on which the Company determines not to conduct an initial public offering of its securities.
In such event, the BorrowerBorrowers shall prepare, execute and deliver to such Lender a Promissory Note payable to such Lender and its registered assigns and in a form approved by the Administrative Agent.
This Promissory Note (this “Note”) is one of the promissory notes referred to in Section 2.07(f) of the Credit Agreement and is issued pursuant to and entitled to the benefits of the Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the Loans evidenced hereby were made and are to be repaid.