Promissory Note는 약속어음이다. 흔히 약속어음은 일반적인 수표크기로 생각하는 분들이 많으나, 어음수표법에 기재한 주요 문구만 모두 포함되면 유효한 약속어음이 된다.
Date : [?]
Amount of Principal: US$ [?]
The Export-Import Bank of Korea
Attention : [?] Department
FOR VALUE RECEIVED, [?] (the "Borrower") by this promissory note (the "Note") unconditionally promises to pay to the order of the Export-Import Bank of Korea (the "Lender") the principal sum of [?] U.S. Dollars (US$ [?] ) in installments as hereinafter provided and interest on the principal balance hereof from time to time outstanding, as hereinafter provided, at the rate of [?] percent ( [?] %) per annum.
The principal of this Note shall be paid in [?] ( [?] ) installments, the first of which shall be in the sum of [?] U.S. Dollars (US$ [?] ) and shall be due and payable on [?]. The remaining installments shall each be in the sum of [?] U.S. Dollars (US$ [?] ) and shall be due and payable semi-annually thereafter on [?] and [?] of each year (each, the "Repayment Date").
Interest on this Note is due and payable on [?] and [?] of each year before the first Repayment Date and, thereafter, on each Repayment Date including the first Repayment Date. Such interest will be calculated on the basis of the actual number of days elapsed (including the first day, but excluding the last day) over a year of 360 days.
In the event that any amount of principal hereof or accrued interest on this Note is not paid in full when due (whether at stated maturity, by acceleration or otherwise), the Borrower shall pay to the Lender default interest at the rate of [?] percent ( [?] %) per annum on such unpaid amount for the period from and including the date such amount was due to but excluding the day such amount is paid in full.
Both principal of and interest on this Note shall be payable in U.S. Dollars in immediately available funds to the account of the Lender (Account No. [?]) with [Name and Address of the Bank] New York or to such other account as the holder of this Note may designate in writing. All sums payable by the Borrower under this Note shall be paid without deduction for or on account of any present or future taxes, duties or other charges.
Upon default in the prompt and full payment of any installment of principal or interest on this Note, the entire outstanding principal hereof and interest thereon shall immediately become due and payable at the option and upon demand of the holder hereof.
The Borrower hereby waives demand, diligence, presentment, protest or notice of every kind with respect to this Note, and warrants to the holder that all action and approvals required for the execution and delivery hereof have been duly taken and obtained.
The failure of the holder hereof to exercise any of its rights hereunder in any instance shall not constitute a waiver thereof in that or any other instance.
This Note is issued pursuant to the Loan Agreement dated [?] , 20[?]
between the Lender and the Borrower, and shall be governed by and construed in accordance with the law of the State of New York, United States of America.
For and on behalf of
Name : [?]
Title : [?]