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The Unsecured Promissory Note Issued By A Corporation is a fundamental debt instrument commonly used in Indian corporate finance for documenting borrowing arrangements where no collateral is provided. This document is typically used when there is an established trust relationship between the parties, or when the corporation's creditworthiness is sufficient without requiring security. The note must comply with the Negotiable Instruments Act, 1881, Companies Act, 2013, and other relevant Indian legislation. It contains specific details about the amount borrowed, interest rate, repayment terms, and consequences of default. These notes are particularly useful for short to medium-term corporate borrowing, inter-company loans, or when raising funds from sophisticated investors who are comfortable with unsecured lending based on the corporation's financial strength and reputation.

1. Parties: Identification of the corporation (maker/issuer) and the payee, including full legal names, registration numbers, and addresses

2. Promise to Pay: Unconditional promise to pay a certain sum, including the principal amount in both figures and words

3. Payment Terms: Details of interest rate, payment date(s), place of payment, and payment method

4. Events of Default: Circumstances that constitute default and consequences thereof

5. Representations and Warranties: Corporate representations regarding authority to issue the note and valid obligation

6. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction of courts

7. Notice Details: Contact information and method for serving notices