Promissory Note definition

Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

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Promissory Note means a promissory note of the Borrower payable to any Lender or its registered assigns, in substantially the form of Exhibit G, evidencing the aggregate outstanding principal amount of Loans of the Borrower to such Lender resulting from the Loans made by such Lender.

Promissory Note means any promissory note executed and delivered by a Borrower upon the request of a Lender evidencing the amount of principal owed by such Borrower to such Lender under the Credit Agreement.

Examples of Promissory Note in a sentence

• The Company and the Holders entered into that certain Promissory Note Purchase Agreement dated as of September 24, 2024 (the “Purchase Agreement”), pursuant to which the Company issued to the Holders a 6% Promissory Notes in aggregate principal amount of $1,000,000 (the “Notes”).

• Section 1 of the Original Note shall be deleted in its entirety and replaced with the following: “Subject to the provisions of Section 3 hereof, the amounts due under this Note shall bear simple interest on the outstanding principal amount of this Promissory Note (this “Note”) at an annual fixed rate of (a) two percent (2%) per annum commencing on March 7, 2022 and continuing through December 31, 2025, and (b) after December 31, 2025, six percent (6%) per annum until paid in full.

• Section 1 of the Original Note shall be deleted in its entirety and replaced with the following: “Subject to the provisions of Section 3 hereof, the amounts due under this Note shall bear simple interest on the outstanding principal amount of this Promissory Note (this “Note”) at an annual fixed rate of (a) two percent (2%) per annum commencing on February 1, 2021 and continuing through December 31, 2025, and (b) after December 31, 2025, six percent (6%) per annum until paid in full.

• This is the Promissory Note referred to in the sale and purchase agreement dated [ * ] (the “Share Purchase Agreement”) between [vendor ], [purchaser] and the Company.

More Definitions of Promissory Note

Promissory Note shall have the meaning set forth in Section 2.01.

Promissory Note means an instrument that

Promissory Note means an instrument that evidences a promise to pay a monetary

Promissory Note means the promissory note described in section 2.3.

Promissory Note means an instrument that evidences a

Promissory Note has the meaning given to it in Section 2.

Promissory Note has the meaning set forth in Section 2(a).