The Promissory Notes
will bear interest at a rate of 12% per annum, calculated annually, and will mature seventeen months from the date of issuance.
"Cash payment will also continue side by side," he assured and said that one third payment of total refund claim will be made in cash while remaining will be settled through promissory notes
. "Ten per cent markup will be allowed on these promissory notes
which will be paid after three years," he said.
He demanded payment of incentives under textile policies 2009-14 and 2014-19 with the release of supplementary grant or through promissory notes
as a major portion of working capital had been blocked in that respect.
The PIAF chairman Mian Nauman Kabir in a statement along with senior vice chairman Nasir Hameed Khan and vice chairman Javed Iqbal Siddiqui said that the businessmen were bearing huge financial costs on their own hard earned stuck-up money; therefore, the FBR chairman should look into the matter and ensure early release of sales tax and income tax refunds as promised by the government through promissory notes
He said that sales tax refunds of over Rs 125 billion belonging to the textile sector are pending with the government and the timely clearance of sales tax refund through promissory notes
by the government would boost the business of the textile and allied industries.
The President in a letter dated December 10, 2018, alleged that the National Assembly added N890.537million to the N487.852billion promissory note
he sent to them for approval.
--$13.6 taxable GO promissory notes
, series 2017 T6;
Lenders should also note the importance of promissory notes
, a form of quasi-security in the KSA.
The firm had qualified for the loans by giving the bank third party promissory notes
In connection with this transaction, the company has received financing commitments through promissory notes
and internal resources to fund the purchase price, transaction-related costs, and the ongoing business operations and capital needs of the new pharmacy until it is in a positive cash flow position.
TELECOMWORLDWIRE-November 3, 2016-iSIGN Media gets convertible promissory notes
(Vertex), its existing lender, whereby Vertex will invest an additional $2.0 million in the Company through an expansion and consolidation of its promissory notes
dated March 2, 2016 and April 12, 2016 (the Notes), into a new promissory note
(Consolidated Note), that bears interest at 15% per annum, and is due and payable on September 15, 2017 (the Maturity Date).