Secured subordinated promissory note
Web2 Oct 2024 · The indebtedness evidenced by this Note is subordinate and junior to the prior payment in full of all principal and interest on all senior indebtedness. For the purposes of this Note, the term “Senior Indebtedness” shall mean any obligation that is superior in right of payment to this Note, including any secured WebThis Note is part of a series of Secured Subordinated Promissory Notes (the “Bridge Notes”) issued in connection with a private placement offering of the Bridge Notes commenced in …
Secured subordinated promissory note
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WebSecured Promissory Notes The Term Loans shall be evidenced by a Secured Promissory Note or Notes in the form attached as Exhibit D hereto (each a “Secured Promissory … Web23 Feb 2024 · A senior convertible note is a debt security that contains an option making the note convertible into a predefined amount of the issuer's shares. Both startup companies …
Web23 Jan 2024 · Secured Promissory Note. A Secured Promissory Note is a document used so that a party borrowing money, known as the Borrower, agrees to repay a party lending money, known as the Lender. The word "secured" means that the loan is backed by an asset put up as collateral. If the loan cannot be repaid the collateral is forfeited to the lender. WebA subordinated promissory note is a loan that an investor gives to another party. It functions similarly to other kinds of loans, but it has some distinct differences that make it unique …
WebThis Note is part of a series of Secured Subordinated Promissory Notes (the “Bridge Notes”) issued in connection with a private placement offering of the Bridge Notes commenced in July 2012 (the “Bridge Notes Financing”). ). This Note has been entered into pursuant to the terms of a Subscription Agreement (the “Subscription Agreement”) between Borrower and … Web28 Dec 2012 · secured promissory note . u.s. $3,600,000. december 28, 2012. columbus, ohio . ... subordinated creditor (as each is defined therein) and the huntington national bank, as administrative agent. by its acceptance of this instrument, the holder hereof and any successor, assign, devise, representative or subsequent holder of this instrument agrees ...
Web2 days ago · PROMISSORY NOTE US $2,000,000.00 April 7, 2024 ... April 12, 2024. Advanced search Log in
Web23 Feb 2024 · A senior convertible note is a debt security that contains an option making the note convertible into a predefined amount of the issuer's shares. Both startup companies and established... craftsman cordless circular saw reviewWebA subordinated note, also called a subordinated promissory note, is a legal agreement that defines the terms of a loan between two parties, commonly referred to as the borrower (s) … division of information technologyWebFor example, on January 1, we issue a promissory note to borrow $1,000 of cash from one of our friends who has a close personal and business relationship with us. In the promissory note, it states that we promise to pay back the $1,000 on March 31. Later, on Mar 31, we pay back the full amount of $1,000 to our friend in order to honor the ... craftsman cordless combo kitWeb25 May 2024 · This Note has been executed and delivered by the Maker pursuant to the terms of that certain Equity Purchase Agreement (the “Purchase Agreement”), dated as of May 25, 2024, by and among the Maker, the Holder and iSystems Intermediate Holdco, Inc.. This Note is the “Promissory Note” defined in Article I of the Purchase Agreement. craftsman cordless circular saw blade changeWeb25 Jul 2016 · 1. Reference to Purchase Agreement. This Secured Subordinated Promissory Note (this “Note”) is executed and delivered pursuant to Exchange Agreement. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Exchange Agreement. As used herein all references to the Purchase Agreement shall … craftsman cordless combo clippercraftsman cordless brad nailer kitWebAll unpaid principal, together with the accrued interest and other amounts payable under this Subordinated Convertible Promissory Note (this “Subordinated Secured Note”) shall be due and payable, unless converted in accordance with Section 6 hereof, on the earliest of (i) the maturity date of twelve months from the date of issuance, (ii) prepayment of this … division of insurance florida