Common use of Promise Clause in Contracts

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at 0000 Xxxxxxx Xxxx, Xxxxx, Xxxxxxxxxx 00000 and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Three Hundred Thousand and no/100 Dollars ($300,000.00) on presentation and surrender of this Convertible Note ("Note") on December 25, 1999 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at 0000 Xxxxxxx Xxxx, Xxxxx, Xxxxxxxxxx 00000 and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Three One Hundred Thousand and no/100 Dollars ($300,000.00100,000.00) on presentation and surrender of this Convertible Note ("Note") on December 25November 5, 1999 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at 0000 Xxxxxxx Xxxx, Xxxxx, Xxxxxxxxxx 00000 and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Three Hundred Thirty Thousand and no/100 Dollars ($300,000.0030,000.00) on presentation and surrender of this Convertible Note ("Note") on December 25November 3, 1999 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at 0000 Xxxxxxx Xxxx, Xxxxx, Xxxxxxxxxx 00000 and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Three One Hundred Thirty Thousand and no/100 Dollars ($300,000.00130,000.00) on presentation and surrender of this Convertible Note ("Note") on December 25September 15, 1999 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at 0000 Xxxxxxx Xxxx, Xxxxx, Xxxxxxxxxx 00000 and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Three Hundred Sixty Five Thousand and no/100 Dollars ($300,000.0065,000.00) on presentation and surrender of this Convertible Note ("Note") on December 25October 20, 1999 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.

Promise. Mendocino Brewing Company, Inc., a California corporation having its principal office at 0000 Xxxxxxx Xxxx, Xxxxx, Xxxxxxxxxx 00000 and any successor (the "Company"), for value received, promises to pay to United Breweries of America Inc., a Delaware corporation or to its registered successors or assigns (the "Holder") the principal sum of Three Eighty Thousand Two Hundred Thousand Nine and no/100 06/100 Dollars ($300,000.0080,209.06) on presentation and surrender of this Convertible Note ("Note") on December 25August 31, 1999 (the "Maturity Date"), and to pay interest on that principal sum at a rate equal to one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America in San Francisco, California. Interest payments shall be paid quarterly on the first day of the months of April, July, October, and January of each year.