Home Join Now Learn More Sign in
Home | Admin | Sign Out 
Find a Form 

Access thousands of free legal and business forms contributed by leading lawyers and other professionals

Search by key words (e.g., "Sales Contract")
Advanced search

 
Promote Your Business  
  • Contribute a legal or business form and network with thousands of potential clients, businesses, and professionals

    Upload a Form Add Your Executive Profile
Promote Your Business 
  • Contribute a legal or business form and network with thousands of potential clients, businesses, and professionals

    Upload a Form Add Your Executive Profile
Promote your business  
  • Contribute a legal or business form and network with thousands of potential clients, businesses, and professionals

    Upload a Form Add Your Executive Profile
Add your free profile  
  • Contribute a legal or business form and network with thousands of potential clients, businesses, and professionals

    Upload a Form Add Your Executive Profile
 
Connect

Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
Close

Thank you for using
Yourfreelegalforms.com


Your online source for 100% free legal and business forms.
Have a form to contribute?
Contribute a legal or business form, checklist or article and have your profile displayed on the same page as the form for free, powerfull, targeted marketing to those searching for legal forms and advice.

Advertise your business to thousands for free – Contribute a form
Form #1109

Form of Senior Promissory Note

Average user rating:  
Rate it

Free to use: Form of Senior Promissory Note. Can be used in Colorado, Michigan, Florida, California, Ohio, France, Britian, Germany, Saudi Arabia, Qatar, Philippines.

Need this form customized? Download This Form Printer Friendly Version

FORM OF SENIOR  PROMISSORY NOTE

(Colorado, Michigan, Florida, California, Ohio,  France, Britian, Germany, Saudi Arabia, Qatar, Philippines)

 

 

$_____________                                                                                              _____________, 2008

 

 

1.            TERM; INTEREST.  For good and valuable consideration, receipt of which is hereby acknowledged, “PARTY1” a Delaware Corporation ("“COMPANY”"), whose address is “ADDRESS”, promises to pay to ______________________, whose address is __________________________("LENDER"), and/or LENDER's successor(s) in interest, the sum of ______________________________ Dollars ($___________), with interest payable quarterly at 10% per annum, commencing “DATE”, and all principal and accrued interest due and payable on or before “DATE”.

 

2.            EVENTS OF DEFAULT; REMEDIES

 

                2.1          Events of Default Defined; Acceleration of Maturity.  If any of the following events (herein called "Events of Default") shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or by operation of law or otherwise), unless expressly waived by LENDER, then the unpaid principal amount of this Promissory Note, together with any unpaid Interest accrued thereon, shall automatically become immediately due and payable, without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by “COMPANY”:

 

                                2.1.1      Default shall be made in the due and punctual payment of all or any part of the principal of, or interest on, this Promissory Note when and as the same shall become due and payable, whether at stated maturity, by acceleration, or otherwise; or,

 

                                2.1.2      “COMPANY” shall (i) apply for or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of all or a substantial part of its property, (ii) be generally unable to pay its debts as such debts become due, (iii) make a general assignment for the benefit of its creditors, (iv) commence a voluntary case under the Federal Bankruptcy Code ("Bankruptcy Code") as now or hereafter in effect, (v) file a petition seeking to take advantage of any other law providing for the relief of debtors, (vi) fail to controvert in a timely or appropriate manner, or acquiesce in writing to, any petition filed against it in an involuntary case under such Bankruptcy Code, (vii) take any action under the laws of its domicile analogous to any of the foregoing, or (viii) effect any action for the purpose of accomplishing any of the foregoing; or

 

2.1.3      A proceeding or case shall be commenced, without the application or

consent of “COMPANY” in any court of competent jurisdiction, seeking (i) the liquidation, reorganization, dissolution, winding up, or composition or readjustment of its debts, (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of it or of all or any substantial part of its assets, or (iii) similar relief in respect of it, under any law providing for the relief of debtors, and such proceeding or case shall continue undismissed, or unstayed and in effect, for a period of sixty (60) days; or an order for relief shall be entered in an involuntary case under such Bankruptcy Code against “COMPANY”; or an action under the laws of the  jurisdiction of its domicile analogous to any condition or of the foregoing shall be taken and shall continue unstayed and in effect for any period of sixty (60) consecutive days.

 

            2.2          Suits for Enforcement.    If any Event of Default shall have occurred and be continuing, LENDER may proceed to protect and enforce its rights, either by suit in equity or by action at law, or both, whether for the specific performance of any covenant or agreement contained in this Promissory Note or in aid of the exercise of any power granted in this Promissory Note, and LENDER may proceed to enforce the payment of all sums due hereunder or to enforce any other legal or equitable right as the holder thereof. “COMPANY” covenants that, if it shall default in the making of any payment due under this Promissory Note or in the performance or observance of any condition or agreement contained herein, it will pay LENDER such further amounts, to the extent lawful, as shall be sufficient to pay the costs and expenses of collection or of otherwise enforcing LENDER's rights, including reasonable legal fees as shall be determined and awarded by the Court.

 

                2.3          Remedies Cumulative.     No remedy herein conferred upon LENDER is intended to be exclusive of any other remedy and each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or otherwise.

 

2.4      Remedies Not Waived.     No course of dealing between “COMPANY” and LENDER and no delay or failure in exercising any rights hereunder or under this Promissory Note shall operate as a waiver of any of LENDER's rights with respect thereto.

 

2.5      Seniority Rights / Preference and Payment. This Note will have equal rights of preference and payment and the Company agrees to provide seniority in right of preference and payment of all interest and principal, and any related fees and charges, to any unsecured obligations incurred for monies borrowed by the Company subsequent to the date of this Memorandum. The Company has never issued secured debt and has  $”AMOUNT” of existing senior debt.

 

3.            MISCELLANEOUS

 

                3.1          Unsecured Obligation.  The obligation evidenced by this Promissory Note is unsecured.

 

                3.2          Place of Payment.  “COMPANY” shall pay all amounts which become due and payable thereon to LENDER at his address set forth in Paragraph 1 hereof, or at such other place and in such other manner as LENDER may designate by notice to “COMPANY”, without presentation or surrender of the original of this Promissory Note.

 

                3.3          Notices.  All notices, opinions and other communications provided for in this Promissory Not shall be in writing and either personally delivered or mailed, first class postage prepaid, addressed (i) if to “COMPANY”, at its address set forth in herein, or at such other addresses as “COMPANY” may hereafter designate by notice to LENDER, or (ii) if to LENDER, at its address set forth in Paragraph 1 hereof, or at such other address as LENDER may hereafter designate by notice to “COMPANY”.  A notice shall be deemed given ten (10) days after the date it is mailed as herein provided, or upon the date personal delivery is made.

           

            3.4          Gender.  The neuter, feminine, and masculine pronoun when used in this Promissory Note shall include each of the other genders.  The captions and headings that may be found in this Promissory Note are inserted only as a matter of reference and in no way amplify, define, or modify the scope or intent of any such sections of this Promissory Note or in any way affect this Promissory Note.

 

                3.5          Legal Jurisdiction.  This Promissory Note shall be governed by and construed in accordance with the laws of the State of California.

 

                3.6          Attorneys Fees.  In the event of any litigation for damages for the breach hereof or otherwise for enforcement of any remedy hereunder, any Court of appropriate jurisdiction located in Orange County, USA, shall hear jurisdiction and the prevailing party shall be entitled to recover from the other party such costs and reasonable attorneys fees as may be awarded by the Court.

 

                3.7          Entirety of Agreement and Amendment. This Promissory Note supersedes any and all other agreements, either oral or in writing, between “COMPANY” and LENDER with respect to its subject matter, and contains all of the covenants and agreements or references all agreements between “COMPANY” and LENDER with respect to such matters, in any manner whatsoever except for as outlined in any agreement incorporated by reference into this Promissory Note.  Any term, covenant, agreement or condition of this Promissory Note may be amended only by mutual agreement of “COMPANY” and LENDER in writing.

 

                Executed at Irvine, California, as of the date first set forth above.

 

 

 

                                                By:                                                         

                                                     

                                                      Chairman/CEO

 

 

 

 

Contributed by
FastDue.com
 
Name of Firm FastDue.com
Location Fairfield, Iowa, United States
Total Forms Contributed 74
Phone 641-209-1761
Website http://fastdue.com
Email
 Free online business forms for all your invoicing and collection needs. 100% FREE, no login required, easy and secure.

See All FastDue.com's Forms
 

Related Forms

Unit offering summary of PPM
Complete Form of Zoning Ordinance
Non-Disclosure and Confidentiality Agreement
Employment Agreement - Senior Software Developer
Complaint Form

Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
Close

Thank you for using
Yourfreelegalforms.com


Your online source for 100% free legal and business forms.
Have a form to contribute?
Contribute a legal or business form, checklist or article and have your profile displayed on the same page as the form for free, powerfull, targeted marketing to those searching for legal forms and advice.



Was this form helpful? Yes No
Need a different form? Yes No


Need a different form? Need a custom form or service?

Contact this contributor  or post a request to our community.

If you found this form useful, you might consider using FastDue.com's professional services. FastDue.com can be reached at 641-209-1761, emailed at , or visit his website at http://fastdue.com.



Comments




Keywords: promissory note, legal form, free business form

close