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Mortgage Note
Mortgage Note contract clause examples
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Note Repayment. Except as provided on [Schedule 6.02(i)], all indebtedness payable to the Principal Shareholder or any affiliates including Quintel-MC, Incorporated and its respective affiliates shall have been converted to Company capital stock.

Promissory Note. The Loan shall be evidenced by, be repayable, and accrue interest in accordance with, the Promissory Note. Subject to the terms and conditions in this Agreement, the Promissory Note, and the other Loan Documents, Borrower may borrow, repay, and re-borrow under the Promissory Note in whole or in part (subject to Section 2.1(c)). The unpaid principal balance of the Promissory Note shall be repaid as provided therein.

Secured Note. This Note is secured by that certain Pledge and Security Agreement of even date herewith, entered into by and between Maker and Payee (the “Pledge Agreement”). All capitalized terms not otherwise defined herein shall have the meanings given in the Pledge Agreement.

The Note. The obligation of Borrowers to pay the principal of and interest on the Loan and other amounts due under the Loan Documents shall be evidenced by the Note, duly executed and delivered by Borrowers as of the Closing Date. The Note shall be payable as to principal, interest and other amounts due under the Loan Documents, as specified in the Note, with a final maturity on the Loan Maturity Date.

Secured Note. This Note is secured by that certain Pledge and Security Agreement of even date herewith, entered into by and between Maker and Payee (the “Pledge Agreement”). All capitalized terms not otherwise defined herein shall have the meanings given in the Pledge Agreement.

Wright Note. Parent shall have received evidence in form and substance reasonably satisfactory to Parent that the promissory note, issued by [[Person A:Person]] in favor of the Company, in the aggregate principal amount of approximately $500,000 outstanding as of the date hereof, has been repaid in full and any Liens on the assets of the Company in connection with such promissory note have been extinguished prior to the Closing Date.

Note Documents. Purchasers shall have received sufficient copies of this Agreement, the Fee Letter, its Note in the form of [Exhibit J], the Pledge and Security Agreement, any Collateral Assignment of Managed Company Documents, and each other Note Document to be dated as of the Closing Date, in each case as Purchasers shall request, in form and substance reasonably satisfactory to Purchasers, and originally executed and delivered by each applicable Note Party and each other Person party thereto.

Promissory Note. At the discretion of the Board of Directors, all or a portion of the Exercise Price or Purchase Price (as the case may be) of Shares issued under the Plan may be paid with a full-recourse promissory note. The Shares shall be pledged as security for payment of the principal amount of the promissory note and interest thereon. The interest rate payable under the terms of the promissory note shall not be less than the minimum rate (if any) required to avoid # the imputation of additional interest under the Code and # the recognition of compensation expense (or additional compensation expense) with respect to the Option for financial reporting purposes. Subject to the foregoing, the Board of Directors (at its sole discretion) shall specify the term, interest rate, amortization requirements (if any) and other provisions of such note.

The Note. The Loan shall be evidenced by a promissory note in the form of Exhibit A hereto, having a face amount equal to the Commitment Amount, executed by Borrower and payable to the order of Lender (as the same may hereafter be amended, supplemented, restated, increased, extended or consolidated from time to time, the “Note”) and shall be repaid in accordance with the terms thereof and of this Agreement.

The Note. The Loan shall be evidenced by a promissory note in the form of Exhibit A hereto, having a face amount equal to the Commitment Amount, executed by Borrower and payable to the order of Lender (as the same may hereafter be amended, supplemented, restated, increased, extended or consolidated from time to time, the “Note”) and shall be repaid in accordance with the terms thereof and of this Agreement.

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