My WebLink
|
Help
|
About
|
Sign Out
Home
Reso 1998-012
CityHall
>
City Clerk
>
City Council
>
Resolutions
>
1998
>
Reso 1998-012
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/5/2019 7:32:38 AM
Creation date
8/2/2017 11:38:56 AM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
2/2/1998
Retention
PERM
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
30
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT A <br />PROMISSORY NOTE <br />$22,000 <br />Principal Amount <br />Dated: February 2, 1998 <br />San Leandro, California <br />FOR VALUE RECEIVED, in installments as herein stated, the undersigned ("BORROWER") hereby <br />promises to pay to the CITY OF SAN LEANDRO ("LENDER"), or designee, at its office at San Leandro, <br />California, or at such other place as the holder hereof may designate, in lawful money of the United <br />States of America, the principal sum of Twenty Two Thousand Dollars ($22,000 ), together with <br />interest from the date hereof on unpaid principal balance at the rate of five percent (5%) per annum <br />(computed on the basis of a 365 day year, actual days elapsed). Principal and interest shall be <br />payable in 60 installment(s) of $415.27 in lawful money of the United States of America. The first <br />payment will be due 60 days after the last disbursement from loan funds. <br />This NOTE may be prepaid, at any time or from time to time, in whole or in part without premium <br />or penalty. Any prepayment of principal must be accompanied by interest accrued but unpaid <br />hereunder to the date of receipt of prepayment. Prepayments shall be applied first to accrued but <br />unpaid interest and then to principal in reverse chronological order of installment maturity dates under <br />this NOTE. <br />This NOTE is the PROMISSORY NOTE defined in, and is entitled to the benefits of, the agreement <br />entitled "LOAN AGREEMENT" (the "LOAN AGREEMENT"), dated concurrently herewith, between <br />BORROWER and LENDER. Terms defined in the LOAN AGREEMENT shall, when used herein, have <br />the same meaning as therein. <br />This NOTE is either secured by, or entitled to the benefits, rights and privileges of, all instruments or <br />agreements (collectively known as the "LOAN DOCUMENTS") executed contemporaneously <br />between BORROWER and LENDER under the LOAN AGREEMENT. <br />BORROWER hereby waives presentment, demand for payment, notice of dishonor, protest and <br />notice of protest of this NOTE. BORROWER agrees to pay all costs of collection when incurred, <br />including reasonable attorney's fees. BORROWER agrees to perform and comply with each of the <br />covenants, conditions, provisions and agreements of BORROWER contained in the LOAN <br />AGREEMENT, or any agreement or instrument evidencing, securing, or guaranteeing the indebtedness <br />evidenced hereby. No alteration, amendment or waiver of any provision of this NOTE, the LOAN <br />AGREEMENT, or any agreement or instrument evidencing or providing security for this NOTE, made <br />by agreement of the holder hereof or any other person or party, shall constitute a waiver of any other <br />term hereof, or otherwise release or discharge the liability of BORROWER under this NOTE. <br />If an Event of Default (as defined in the LOAN AGREEMENT) shall occur and be continuing, the <br />entire principal balance of this NOTE, together with interest which shall have accrued thereon, may <br />be declared immediately due and payable in the manner and with the effect provided in the LOAN <br />AGREEMENT. After occurrence of an Event of Default, unpaid accrued interest shall be added to the <br />unpaid principal amount of this NOTE, and interest shall accrue thereon at the rate specified in this <br />NOTE. <br />
The URL can be used to link to this page
Your browser does not support the video tag.