PROMISSORY NOTESThe Attorney-General's opinion was that each promissory note
constituted an unconditional promise from the government of Kenya to pay on demand the sum stated in the notes.
A promissory note
must include the following information according to Article 688 of Turkish Commercial Code: 1.
The proceeds will be used to fund already unveiled acquisitions and to cover existing corporate loans and promissory notes
maturing in 2012.
The interest rates on Bankinter's two-month and six-month promissory notes
The fact that in the CIP records appear more than 500 companies from Romania which have generated major incidents of payment regarding to the bills of exchange, and for some companies, the CIP's records include many pages, with dozen or even hundreds of incidents, plus the fact that only a company refused to pay in the last six months promissory notes
in total value worth one million euro represents a "proof that there is no confidence in using these tools.
In reversing the appellate court's ruling, the Supreme Court ruled promissory notes
issued by the Cooperative were "securities.
While this restatement is necessary to comply with generally accepted accounting principles, it will also improve Tri-S Security's income statement moving forward by reducing the non-cash interest expense related to the 10% convertible promissory notes
," said Ronald Farrell, Chairman and CEO of Tri-S Security.
In addition, it is strongly advised that the signatory of the promissory note
be the authorized representative of the debtor who has the power to bind and represent the company with respect to issuing promissory notes
on its behalf.
Baker & McKenzie advised SEB AG on its first real estate-secured promissory note
loan in Germany whereby the firm acted as arranger, agent, lender as well as security trustee.
The promissory notes
will come with a maximum yield of 4% depending on their maturity, which ranges between three and 18 months.
The court was unmoved, noting that the buyers did not gratuitously surrender the purchase option, but required in return a cut in the interest rate from 8% to 6% on their various promissory notes
Fourteen employees staffed the records maintenance department, and students waited in long lines to sign promissory notes