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1. Promise to Pay: Unconditional promise to pay a specific sum on demand or at a fixed/determinable future time
2. Principal Amount: Clear statement of the amount being borrowed
3. Interest Rate: Specification of interest rate and calculation method
4. Payment Terms: Schedule and method of payments
5. Non-Recourse Provisions: Explicit limitation of recovery to specified collateral
1. Security Interest: Description of collateral (used when note is secured)
2. Default Provisions: Consequences of default and remedies available
3. Prepayment Terms: Conditions for early repayment (if permitted)
4. Transfer Rights: Terms for assignment or transfer of the note
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Collateral Description: Detailed description of assets securing the note
3. Interest Calculation Examples: Examples showing how interest is calculated
Principal Amount
Interest Rate
Payment Date
Maturity Date
Business Day
Event of Default
Collateral
Security Interest
Secured Assets
Permitted Encumbrances
Enforcement Rights
Non-Recourse Obligations
Limited Recourse Provisions
Payment Schedule
Default Rate
Prepayment
Transfer Rights
Governing Law
Security Documents
Material Adverse Effect
Secured Obligations
Enforcement Event
Specified Assets
Recourse Limitations
Interest
Payment Terms
Non-Recourse Provisions
Security
Default
Enforcement
Representations and Warranties
Prepayment
Transfer and Assignment
Notices
Amendment and Waiver
Severability
Governing Law
Jurisdiction
Counterparts
Limited Recourse
Security Interest
Collateral
Events of Default
Remedies
Payment Mechanics
Set-off
Costs and Expenses
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