Nature of Obligations Clause Example with 7 Variations from Business Contracts

Nature of Obligations. This Note is a general unsecured obligation of the Company. Notwithstanding the foregoing, the Holder may not assign, pledge or otherwise transfer all or any part of the Note without prior written consent of the Company. In such event, no payments under this Note shall be paid to the Holder and any payment received by the Holder shall be immediately returned to the Company until such time as the Company is able to satisfy such obligations to the Lenders in full. By accepting this agreement, the ...Holder agrees to execute a subordination agreement with any Lender evidencing such subordination. If the terms and conditions of any subordination agreement with any Lender shall change, the Holder shall execute and deliver such further documents or instruments as such Lender may reasonably request in order to give effect to the provisions of such subordination agreement and the provisions of this Note. CurAegis Technologies, Inc. /s/ Kathleen A. Browne /s/ Richard A. Kaplan Chief Financial Officer Lender /s/ James Donnelly Chief Operating Officer Keith Gleasman Keith Gleasman President EX-10.1 2 ex_160376.htm ex_133593.htm EXHIBIT 10.1 ex_160376.htm ex_133593.htm Exhibit 10.1 UNSECURED SUBORDINATED PROMISSORY NOTE AGREEMENT $50,000 October 16, $100,000 January 23, 2019 For value received, CurAegis Technologies, Inc., a New York state corporation ("the Company"), (the "Company"), promises to pay to RICHARD A. KAPLAN, the principal sum of Fifty One Hundred Thousand Dollars ($50,000) ($100,000) (the "Principal Amount"). Simple interest shall accrue from the issuance date of this Note on the unpaid Principal Amount at a rate equal to six percent per annum (6%). This Note is subject to the following terms and conditions. View More

Nature of Obligations. This Note is a general unsecured obligation of the Company. Notwithstanding the foregoing, the Holder may not assign, pledge or otherwise transfer all or any part of the Note without prior written consent of the Company. In such event, no payments under this Note shall be paid to the Holder and any payment received by the Holder shall be immediately returned to the Company until such time as the Company is able to satisfy such obligations to the Lenders in full. By accepting this agreement, the ...Holder agrees to execute a subordination agreement with any Lender evidencing such subordination. If the terms and conditions of any subordination agreement with any Lender shall change, the Holder shall execute and deliver such further documents or instruments as such Lender may reasonably request in order to give effect to the provisions of such subordination agreement and the provisions of this Note. CurAegis Technologies, Inc. /s/ Kathleen A. Browne /s/ Richard A. Kaplan Chief Financial Officer Lender /s/ James Donnelly Chief Operating Officer Keith Gleasman Keith Gleasman President EX-10.1 2 ex_160376.htm ex_140141.htm EXHIBIT 10.1 ex_160376.htm ex_140141.htm Exhibit 10.1 UNSECURED SUBORDINATED PROMISSORY NOTE AGREEMENT $50,000 October 16, $100,000 April 4, 2019 For value received, CurAegis Technologies, Inc., a New York state corporation ("the Company"), (the "Company"), promises to pay to RICHARD A. KAPLAN, the principal sum of Fifty One Hundred Thousand Dollars ($50,000) ($100,000) (the "Principal Amount"). Simple interest shall accrue from the issuance date of this Note on the unpaid Principal Amount at a rate equal to six percent per annum (6%). This Note is subject to the following terms and conditions. View More

Nature of Obligations. This Note is a general unsecured obligation of the Company. Notwithstanding the foregoing, the Holder may not assign, pledge or otherwise transfer all or any part of the Note without prior written consent of the Company. In such event, no payments under this Note shall be paid to the Holder and any payment received by the Holder shall be immediately returned to the Company until such time as the Company is able to satisfy such obligations to the Lenders in full. By accepting this agreement, the ...Holder agrees to execute a subordination agreement with any Lender evidencing such subordination. If the terms and conditions of any subordination agreement with any Lender shall change, the Holder shall execute and deliver such further documents or instruments as such Lender may reasonably request in order to give effect to the provisions of such subordination agreement and the provisions of this Note. CurAegis Technologies, Inc. /s/ Kathleen A. Browne /s/ Richard A. Kaplan Chief Executive Officer Kathleen A. Browne Chief Financial Officer Lender /s/ James Donnelly Chief Operating Officer EX-10.1 2 ex_160376.htm officer 1 EX-10.2 3 ex_140142.htm EXHIBIT 10.1 ex_160376.htm 10.2 ex_140142.htm Exhibit 10.1 10.2 UNSECURED SUBORDINATED PROMISSORY NOTE AGREEMENT $50,000 October 16, $25,000 March 26, 2019 For value received, CurAegis Technologies, Inc., a New York state corporation ("the Company"), promises to pay to RICHARD A. KAPLAN, WILLIAM DESTLER, the principal sum of Fifty Twenty-Five Thousand Dollars ($50,000) ($25,000) (the "Principal Amount"). Simple interest shall accrue from the issuance date of this Note on the unpaid Principal Amount at a rate equal to six percent per annum (6%). This Note is subject to the following terms and conditions. View More

Nature of Obligations. This Note is a general unsecured obligation of the Company. Notwithstanding the foregoing, the Holder may not assign, pledge or otherwise transfer all or any part of the Note without prior written consent of the Company. In such event, no payments under this Note shall be paid to the Holder and any payment received by the Holder shall be immediately returned to the Company until such time as the Company is able to satisfy such obligations to the Lenders in full. By accepting this agreement, the ...Holder agrees to execute a subordination agreement with any Lender evidencing such subordination. If the terms and conditions of any subordination agreement with any Lender shall change, the Holder shall execute and deliver such further documents or instruments as such Lender may reasonably request in order to give effect to the provisions of such subordination agreement and the provisions of this Note. CurAegis Technologies, Inc. /s/Keith Gleasman /s/ Richard A. Kaplan Keith E. Gleasman Richard A. Kaplan President Lender /s/ Kathleen A. Browne /s/ Richard Kathleen A. Kaplan Browne Chief Financial Officer Lender /s/ James Donnelly Chief Operating Officer officer EX-10.1 2 ex_160376.htm ex_145230.htm EXHIBIT 10.1 ex_160376.htm ex_145230.htm Exhibit 10.1 UNSECURED SUBORDINATED PROMISSORY NOTE AGREEMENT $50,000 October 16, $100,000 May 15, 2019 For value received, CurAegis Technologies, Inc., a New York state corporation ("the Company"), promises to pay to RICHARD A. KAPLAN, the principal sum of Fifty One Hundred Thousand Dollars ($50,000) ($100,000) (the "Principal Amount"). Simple interest shall accrue from the issuance date of this Note on the unpaid Principal Amount at a rate equal to six percent per annum (6%). This Note is subject to the following terms and conditions. View More

Nature of Obligations. This Note is a general unsecured obligation of the Company. Notwithstanding the foregoing, the Holder may not assign, pledge or otherwise transfer all or any part of the Note without prior written consent of the Company. In such event, no payments under this Note shall be paid to the Holder and any payment received by the Holder shall be immediately returned to the Company until such time as the Company is able to satisfy such obligations to the Lenders in full. By accepting this agreement, the ...Holder agrees to execute a subordination agreement with any Lender evidencing such subordination. If the terms and conditions of any subordination agreement with any Lender shall change, the Holder shall execute and deliver such further documents or instruments as such Lender may reasonably request in order to give effect to the provisions of such subordination agreement and the provisions of this Note. CurAegis Technologies, Inc. /s/Keith Gleasman /s/ Richard A. Kaplan Keith E. Gleasman Richard A. Kaplan President Lender /s/ Kathleen A. Browne /s/ Richard Kathleen A. Kaplan Browne Chief Financial Officer Lender /s/ James Donnelly Chief Operating Officer officer EX-10.1 2 ex_160376.htm ex_142650.htm EXHIBIT 10.1 ex_160376.htm ex_142650.htm Exhibit 10.1 UNSECURED SUBORDINATED PROMISSORY NOTE AGREEMENT $50,000 October 16, $100,000 May 1, 2019 For value received, CurAegis Technologies, Inc., a New York state corporation ("the Company"), promises to pay to RICHARD A. KAPLAN, the principal sum of Fifty One Hundred Thousand Dollars ($50,000) ($100,000) (the "Principal Amount"). Simple interest shall accrue from the issuance date of this Note on the unpaid Principal Amount at a rate equal to six percent per annum (6%). This Note is subject to the following terms and conditions. View More

Nature of Obligations. This Note is a general unsecured obligation of the Company. Notwithstanding the foregoing, the Holder may not assign, pledge or otherwise transfer all or any part of the Note without prior written consent of the Company. In such event, no payments under this Note shall be paid to the Holder and any payment received by the Holder shall be immediately returned to the Company until such time as the Company is able to satisfy such obligations to the Lenders in full. By accepting this agreement, the ...Holder agrees to execute a subordination agreement with any Lender evidencing such subordination. If the terms and conditions of any subordination agreement with any Lender shall change, the Holder shall execute and deliver such further documents or instruments as such Lender may reasonably request in order to give effect to the provisions of such subordination agreement and the provisions of this Note. CurAegis Technologies, Inc. /s/Keith Gleasman /s/ Richard A. Kaplan Keith E. Gleasman Richard A. Kaplan Lender President /s/ Kathleen A. Browne /s/ Richard Kathleen A. Kaplan Browne Chief Financial Officer Lender /s/ James Donnelly Chief Operating Officer officer EX-10.1 2 ex_160376.htm ex_150108.htm EXHIBIT 10.1 ex_160376.htm ex_150108.htm Exhibit 10.1 UNSECURED SUBORDINATED PROMISSORY NOTE AGREEMENT $50,000 October 16, July 11, 2019 For value received, CurAegis Technologies, Inc., a New York state corporation ("the Company"), promises to pay to RICHARD A. KAPLAN, the principal sum of Fifty Thousand Dollars ($50,000) (the "Principal Amount"). Simple interest shall accrue from the issuance date of this Note on the unpaid Principal Amount at a rate equal to six percent per annum (6%). This Note is subject to the following terms and conditions. View More

Nature of Obligations. This Note is a general unsecured obligation of the Company. Notwithstanding the foregoing, the Holder may not assign, pledge or otherwise transfer all or any part of the Note without prior written consent of the Company. In such event, no payments under this Note shall be paid to the Holder and any payment received by the Holder shall be immediately returned to the Company until such time as the Company is able to satisfy such obligations to the Lenders in full. By accepting this agreement, the ...Holder agrees to execute a subordination agreement with any Lender evidencing such subordination. If the terms and conditions of any subordination agreement with any Lender shall change, the Holder shall execute and deliver such further documents or instruments as such Lender may reasonably request in order to give effect to the provisions of such subordination agreement and the provisions of this Note. CurAegis Technologies, Inc. /s/ Kathleen A. Browne /s/ Richard A. Kaplan Chief Financial Officer /s/Richard A. Kaplan Lender /s/ James Donnelly Chief Operating Officer EX-10.1 2 ex_160376.htm ex_158424.htm EXHIBIT 10.1 ex_160376.htm ex_158424.htm Exhibit 10.1 UNSECURED SUBORDINATED PROMISSORY NOTE AGREEMENT $50,000 October 16, $100,000 September 18, 2019 For value received, CurAegis Technologies, Inc., a New York state corporation ("the Company"), promises to pay to RICHARD A. KAPLAN, the principal sum of Fifty One Hundred Thousand Dollars ($50,000) ($100,000) (the "Principal Amount"). Simple interest shall accrue from the issuance date of this Note on the unpaid Principal Amount at a rate equal to six percent per annum (6%). This Note is subject to the following terms and conditions. View More