|
|
|
|
Document Preview Promissory Note |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Promissory Note |
|||
|
Entities: |
||||
|
Date: |
2004 |
|||
|
Size: |
24KB total |
|||
|
Price: |
$41 |
|||
|
ID: |
#375227 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
PROMISSORY NOTE
|
Principal |
|
Loan Date |
|
Maturity |
|
Loan No. |
|
Call/Coll |
|
Account |
|
Officer |
|
Initials |
| |
|
$ |
315,000.00 |
|
12-09-2004 |
|
01-01-2011 |
|
|
|
|
|
|
|
|
|
|
|
References in the shaded area are for Lenders use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing *** has been omitted due to text length limitations.
Borrower: Quality Products, lnc.
2222 South Third Street
Columbus, OH 43207
Lender: THE HUNTINGTON NATIONAL BANK
Columbus Commercial Banking
P. O. Box 341470 -NC1W25
Columbus, OH 43234-9909
Principal Amount: $315,000.00 Initial Rate: 4.990% Date of Note: December 9, 2004
PROMISE TO PAY. Quality Products, Inc. (Borrower) promises to pay to THE HUNTINGTON NATIONAL BANK (Lender), or order, In lawful money of the United States of America, the principal amount of Three Hundred Fifteen Thousand & 00/100 Dollars ($315,000.00), together with Interest on the unpaid outstanding principal balance from December 9, 2004, until paid in full.
PAYMENT. Subject to any payment changes resulting from changes in the Index, Borrower will pay this loan in accordance with the following schedule:
13 monthly consecutive interest payments, beginning on January 1, 2005; 59 monthly consecutive principal payments in the initial amount of $5,250.00 each, beginning on February 1, 2006; 59 monthly consecutive interest payments beginning on February 1, 2006; and one principal and interest payment of $5,272.56 on January 1, 2011, with interest calculated on the unpaid principal balances at an interest rate based on the daily fluctuating LIBO rate as defined below. This estimated final payment is based on the assumption that all payments will be made exactly as scheduled and that the index does not change; the actual final payment will be for all principal and accrued interest not yet paid, together with any other unpaid amounts under this Note.
|
End of Preview |
Home Intelligence Services Subscriptions News About Us