Attached files
| file | filename |
|---|---|
| 10-Q - MISSION WEST PROPERTIES INC | v164980_10q.htm |
| EX-32 - MISSION WEST PROPERTIES INC | v164980_ex32.htm |
| EX-31.2 - MISSION WEST PROPERTIES INC | v164980_ex31-2.htm |
| EX-31.1 - MISSION WEST PROPERTIES INC | v164980_ex31-1.htm |
| EX-31.3 - MISSION WEST PROPERTIES INC | v164980_ex31-3.htm |
| EX-10.60 - MISSION WEST PROPERTIES INC | v164980_ex10-60.htm |
| EX-10.29 - MISSION WEST PROPERTIES INC | v164980_ex10-29.htm |
| EX-10.56.3 - MISSION WEST PROPERTIES INC | v164980_ex10-56x3.htm |
| EX-10.56.4 - MISSION WEST PROPERTIES INC | v164980_ex10-56x4.htm |
EXHIBIT 10.61
PROMISSORY
NOTE
|
$1,000,000.00
|
October
23, 2009
|
Mission West Properties,
L.P. II, a Delaware limited partnership (“Mission”)
promises
to pay to M&M Real Estate Control
& Restructuring.,
LLC
the
principal sum of One Million Dollars and 00 Cents ($1,000,000.00),
plus
interest at the rate of 30 day LIBOR plus 2 percent per annum (compounded on the
basis of a 366-day year) beginning on the 23rd day of October,
2009.
Should
interest not so be paid, it shall thereafter bear like interest as the
principal, but such unpaid interest so compounded shall not exceed an amount
equal to simple interest on the unpaid principal at the maximum rate permitted
by law. Should default be made in the payment of any installment of interest
when due, the whole sum of principal and interest shall become immediately due
and payable at the option of the holder of this note. Should suit be
commenced or an attorney employed to enforce the payment of this note, we agree
to pay such additional sum as the court may adjudge as reasonable attorney’s
fees in said suit. Principal and interest are payable in lawful money of the
United States.
Principal
and interest are payable in lawful money of the United States no later than
December 31, 2010. Notwithstanding the above, Mission shall use its
best efforts to repay the loan as soon as possible using all available sources
of cash, including but not limited to cash generated from operations and cash
available from any other financing sources.
|
Signed By:
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/s/ Raymond V. Marino
|
10/23/09
|
|||
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Raymond V. Marino, Pres. & COO
|
Date
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||||
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Mission West Properties, Inc.
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|||||
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Its General Partner
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|||||
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Acknowledged:
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/s/ Tom Meckenstock
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10/23/09
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Tom Meckenstock, Managing Member
|
Date
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