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1. Date: Date of execution of the promissory note
2. Principal Amount: The sum being promised to be paid
3. Parties: Corporation (maker) and shareholder (payee) details
4. Payment Terms: Timing, method, and conditions of payment
5. Interest Rate: Applicable interest rate and calculation method
6. Maturity Date: When the final payment is due
7. Signature Block: Execution provisions and corporate seal if required
1. Security Provisions: Details of any collateral or security, used when note is secured
2. Default Provisions: Consequences of default, used when specific remedies are required
3. Prepayment Terms: Early payment provisions, used when early repayment is contemplated
4. Transfer Rights: Assignment and transferability terms, used when note may be transferred
1. Payment Schedule: Detailed breakdown of payment dates and amounts
2. Security Details: Description of any collateral or security arrangements
3. Board Resolution: Corporate authorization for the promissory note
Principal Amount
Interest Rate
Business Day
Default Rate
Event of Default
Maturity Date
Payment Date
Maker
Payee
Security
Governing Law
Board Resolution
Prepayment
Company
Articles of Association
Group
Insolvency Event
Enforcement Action
Material Adverse Effect
Permitted Transfer
Register
Shareholder Agreement
Security Interest
Tax
Payment Terms
Interest
Prepayment
Default
Security
Representations and Warranties
Transferability
Assignment
Notices
Subordination
Events of Default
Remedies
Set-off Rights
Amendment and Modification
Waiver
Governing Law
Jurisdiction
Severability
Entire Agreement
Corporate Authority
Execution
Registration
Costs and Expenses
Tax Provisions
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