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Document Preview Non-Negotiable Promissory Note |
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Title: |
Non-Negotiable Promissory Note |
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Date: |
2005 |
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5KB total |
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Price: |
$33 |
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ID: |
#1377820 |
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NON-NEGOTIABLE PROMISSORY NOTE
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$168,488.82 |
Portland, Oregon |
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FOR VALUE RECEIVED, the undersigned Andrew Haller (Borrower) promises to pay to PacifiCorp (Lender) the principal sum of one hundred sixty-eight thousand eight hundred forty-one dollars and four cents ($168,841.04), together with interest at a rate of four and seventy-four hundreths percent (4.74%) per annum, compounded annually. Interest shall be calculated on the basis of a 365-day year, and on the basis of actual days elapsed. Borrower shall repay principal and interest due hereunder in six (6) equal payments of thirty-two thousand nine hundred eighty-eight dollars and fifty-six cents ($32,988.56), due annually on the 30th day of June over the six-year period beginning June 30, 2002 and ending June 30, 2007. This promissory note (this Note) is being provided by Borrower to Lender in connection with that certain Employment Agreement dated May 23, 2001 between Borrower and Lender (the Agreement).
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