note payable


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Related to note payable: promissory note

Note Payable

A document stating that a borrower has promised to repay some debt on or by some future date. It is listed as a liability on the borrower's balance sheet and may be either current or non-current.

note payable

A debt owed to a lender and evidenced by a written promise of payment. Note payable, an entry on the liabilities side of many corporate balance sheets, indicates that a certain dollar amount of loans will be repaid to the lenders at a future time.
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The transaction values Porous Technologies at USD 296.8m (GBP 220m), of which (of which USD 283.6m (around GBP 215m) in cash and USD 6.6m (around GBP5m) in the form of a promissory note payable three years from completion), free of cash and debt.
WidePoint under the terms of the deal paid $5m (Au2.95m) in cash and has issued a one-year contingent subordinated unsecured seller's note payable for $1m (Au590,000).
Primerica will use the proceeds of the offering to repay its USD300m note payable to a unit of Citigroup Inc (NYSE:C) and for general corporate purposes, which may include stock buybacks.
The total purchase consideration payable by CalAmp is approximately USD6m, comprised of USD1m paid in cash at closing, a USD4m non-interest bearing note payable over five years in the form of a rebate on products sold by CalAmp to Navman Wireless under the supply agreement and royalties in the estimated amount of USD1m payable for MDT product sales by CalAmp during the first three years.
The deal value comprised of US$50 million cash, about 7.1 million Harry Winston common shares with a value of about US$100 million, and a note payable in the amount of US$70 million.
The company has contributed USD100m and issued a USD25.5m note payable to Laurel Mountain in exchange for a 51% ownership interest in the joint venture.
At that time, its sole liability is a $1 million note payable to X.
In a third instance, the auditor may find its lender client has not foreclosed on property securing a past-due note receivable or its borrower client still has possession of real property securing a defaulted note payable. The lender's reluctance to foreclose may be due to an environmental problem.
Under the terms of the deal, which was announced on 30 June, CT Energy acquired HNR Energia's 51% interest in Harvest-Vinccler Dutch Holding B.V., a Netherlands company, through which all of Harvest's Venezuelan interests are owned, and CT Energy or an affiliate will deliver to Harvest USD 80m in cash, subject to certain adjustments, and a USD 12m six-month 11% note payable by CT Energy or such affiliate.
The partnership finances $700 million acquisition with cash on hand of $400 million, the issuance of additional units valued at $140 million and a 5-year, $160 million note payable to a subsidiary of Phillips 66.
The minority investment is in the form of a note payable due in two years and bearing interest at the rate of 5% per annum.
Seymour for $300,000 and a $625,000 note payable over 10 years at 10% interest.