The lender then takes the
promissory note to a collection office, initiates legal actions against the borrower and obtains a judgment-payment order against the borrower to collect the sum stipulated in the
promissory note, this time, with interest.
The issue of a
promissory note by the importer or the acceptance of a Bill of exchange by the exporter are means of accomplishing personal guarantee.
The date on which the
promissory note is executed should be written in the note.
A more secure e-signature approach is one used by Sallie Mae to enable borrowers to sign
promissory notes online.
If an obligor fails to make full payment on the
promissory note payment date and this failure continues for 30 days, the servicer will draw on the Eximbank guaranty.
The proceeds of each loan were distributed by check; each loan had a 7% annual interest rate, evidenced by a
promissory note due 375 days after demand.
5 million unsecured
promissory note bearing interest at prime rate plus one-half percent would mature later this month.
Emalfarb, Dyadic's Chief Executive Officer, President and Chairman, received 251,298 shares of common stock upon the conversion in full of its convertible
promissory note which had combined principal and accrued interest of $836,824.
2053(c), a plan participant can give a
promissory note to his nonparticipant spouse in exchange for a waiver of community property rights in the former's pension plan.
The trust was formed for the sole purpose of acquiring
promissory notes of certain obligors and issuing certificates of beneficial interest in the trust.
AMEX:AKN) today announced the conversion of two convertible
promissory notes with an aggregate principal balance of $5.
In an attempt to retain appreciating property in the GRAT for eventual transfer to the remaindermen, some practitioners have used
promissory notes issued by the GRAT to pay the annuity amount (or part thereof).
