The remaining USD180 million will be in the form of a vendor loan note payable to Jazz at or before three years from closing.
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What is the difference as to transferability between a note payable to bearer and one indorsed in blank?
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Hence, a note payable on the first day of the month is not due and suable until the fourth.
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Antonio purchased property from Shylock for $50,000. At closing, Antonio paid $10,000 to Shylock and executed a promissory note payable to "Shylock or order" for $40,000. Following the closing, Antonio approached Shylock, upset that the property was in fact worth only $42,000. After a few weeks of negotiations, the parties agreed to reduce the amount of the promissory note to $32,000.
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A promissory note, referred to as a note payable in accounting, or commonly as just a "note", is a contract where one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. They differ from IOUs in that they contain a specific promise to pay, rather than simply acknowledging that a debt exists.
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A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.
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Mr. Williams wrote to Restieaux telling him he was to look to Glover Dow & Co for his pay – Restieaux was never paid as the company became insolvent. Restieaux then traded as agent for Ben Pease on Ponape atoll, although that venture failed. In August 1871 Restieaux sailed with Bully Hayes on the Leonora and landed on Pingelap atoll where he traded as agent for Hayes until May 1872. Bully Hayes gave Restieaux a promissory note payable three months from date – this was never paid.
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The term note payable is commonly used in accounting (as distinguished from accounts payable) or commonly as just a "note", it is internationally defined by the Convention providing a uniform law for bills of exchange and promissory notes, but regional variations exist. A banknote is frequently referred to as a promissory note, as it is made by a bank and payable to bearer on demand. Mortgage notes are another prominent example. If the promissory note is unconditional and readily saleable, it is called a negotiable instrument.
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A swap agreement in which one party makes payments based on a set rate, either fixed or variable, while the other party makes payments based on the return of an underlying asset, which includes both the income it generates and any capital gains. In partial return reverse swaps, the underlying asset, referred to as the reference asset, is usually a stock or portfolio of stocks. The reference asset is sold to the buyer, with half (or some other percentage) of the return owned by the party receiving the agreed rate of payment, which is usually in the form of a note payable. Partial return reverse swaps allow the selling party to gain liquidity often through the use of algorithmic trading platforms that use technologies such as Stealth Technology and volume-seeking algorithms to more efficiently manage large blocks of stock while avoiding the risks of inside information.
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