Jump to Section
What is a Master Note?
A master note, or master global note, is a document representing the collection of securities issued under a specific debt issuance implementation. It allows borrowing companies to lock in fixed interest rates and ensure the medium- and long-term availability of a lender’s funds for use in debt financing. These notes include full disclosure of the terms and details relating to the tranche of notes included in the instrument.
Master Note Sample
Exhibit 4.28
SPECIMEN OF MEDIUM TERM NOTE MASTER NOTE
April 29, 2005 |
(Date of Issuance) |
Prudential Financial, Inc. (“Issuer”), a corporation organized and existing under the laws of the [State or Commonwealth] of New Jersey, for value received, hereby promises to pay to Cede & Co. or its registered assigns: (i) on each principal payment date, including each amortization date redemption date, repayment date, maturity date, and extended maturity date, as applicable, of each obligation identified on the records of Issuer (which records are maintained by Citibank, N.A., (“Paying Agent”)) as being evidenced by this Master Note, the principal amount then due and payable for each such obligation, and (ii) on each interest payment date, if any, the interest then due and payable on the principal amount for each such obligation. Payment shall be made by wire transfer of United States dollars to the registered owner, or in immediately available funds or the equivalent to a party as authorized by the registered owner and in the currency other than United States dollars as provided for in each such obligation, by Paying Agent without the necessity of presentation and surrender of this Master Note.
REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS MASTER NOTE SET FORTH ON THE REVERSE HEREOF:
This Master Note is a valid and binding obligation of Issuer.
IN WITNESS WHEREOF, Issuer has caused this instrument to be duly executed under its corporate seal.
ATTEST: | Prudential Financial, Inc. | |||||
(Issuer) | ||||||
/s/ Michele C. Penaranda |
By: | /s/ Richard Vaccaro | ||||
(Signature) | (Authorized Signature) | |||||
[Seal] | ||||||
Citibank, N.A., | ||||||
(Trustees) | ||||||
By: |
/s/ John Byrnes | |||||
(Authorized Signature) |
This Master Note evidences indebtedness of Issuer of a single Series Retail Medium-term Notes/(Series Designator) and Rank senior and are designated Prudential Financial Retail Medium-term Notes/(Secured/Unsecured/Senior/Junior/Subordinated/Unsubordinated) (the “Debt Obligations”), all issued or to be issued under and pursuant to an Indenture dated as of *, as amended (the “Indenture”), duly executed and delivered by Issuer to Citibank, N.A., as trustee (“Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, duties, and immunities thereunder of Trustee and the rights thereunder of the holders of the Debt Obligations. As provided in the Indenture, the Debt Obligations may mature at different times, may bear interest, if any, at different rates, may be subject to different redemption and repayment provisions, if any, may be subject to different sinking, purchase, or analogous funds, if any, may be subject to different covenants and events of default, and may otherwise vary as in the Indenture provided or permitted. The Debt Obligations aggregated with any other indebtedness of Issuer of this Series are limited (except as provided in the Indenture) to the principal amount of $2,000,000,000 designated as the Medium-Term Notes of Issuer Due From More Than 9 Months to 1 Years From Date of Issue.
No reference herein to the Indenture and no provision of this Master Note or of the Indenture shall alter or impair the obligation of Issuer, which is absolute and unconditional, to pay the principal of, premium, if any, and interest, if any, on each Debt Obligation at the times, places, and rates, and in the coin or currency, identified on the records of Issuer.
At the request of the registered owner, Issuer shall promptly issue and deliver one or more separate note certificates evidencing each Debt Obligation evidenced by this Master Note. As of the date any such note certificate or certificates are issued, the Debt Obligations which are evidenced thereby shall no longer be evidenced by this Master Note.
FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers unto
______________________________________________________________________________________________________________________________
(Name, Address, and Taxpayer Identification Number of Assignee)
the Master Note and all rights thereunder, hereby irrevocably constituting and appointing attorney to transfer said Master Note on the books of Issuer with full power of substitution in the premises.
Dated: |
| |
(Signature) | ||
Signature(s) Guaranteed: | NOTICE: The signature on this assignment must correspond with the name as written upon the face of this Master Note. In every particular, without alteration or enlargement or any change whatsoever. |
Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to Issuer or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.
PRUDENTIAL FINANCIAL, INC.
RIDER TO MASTER NOTE DATED APRIL 29, 2005
PRUDENTIAL FINANCIAL RETAIL MEDIUM-TERM NOTE
This rider forms a part of and is incorporated into the Master Note dated April 29, 2005 of Prudential Financial, Inc. (the “Company”) registered in the name of Cede & Co., or its registered assigns, evidencing the Company’s Retail Medium-Term Notes (the “Notes”).
REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF SUCH MASTER NOTE (TOGETHER WITH THIS RIDER HEREIN REFERRED TO AS THIS “MASTER NOTE”) SET FORTH IN THE RECORDS OF THE COMPANY MAINTAINED BY THE TRUSTEE, WHICH RECORDS CONSIST OF THE PRICING SUPPLEMENT(S) TO THE PROSPECTUS SUPPLEMENT DATED APRIL 29, 2005 AND PROSPECTUS DATED MARCH 21, 2005 RELATING TO EACH ISSUANCE OF NOTES, AS FILED BY THE COMPANY WITH THE SECURITIES AND EXCHANGE COMMISSION. SUCH FUTHER PROVISION SHALL FOR ALL PRUPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH HEREIN.
THIS MASTER NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (THE “DEPOSITORY”) OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFIED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO SUCH DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.
OPTION TO ELECT REPAYMENT
The undersigned hereby irrevocably requests and instructs the Company to repay $ principal amount of the Notes, pursuant to their terms, at a price equal to 100% of the principal amount to be repaid, together with interest to the date fixed for repayment, to the undersigned at:
______________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________
(Please Print or Type Name and Address of the Undersigned)
and to issue to the undersigned, pursuant to the terms of the Indenture, new Notes representing the remaining principal amount of Notes not repaid.
For this Option to Elect Repayment to be effective, the Option to Elect Repayment duly completed must be received by the Paying Agent in the Borough of Manhattan, the City and State of New York, located initially at 111 Wall Street, 15th Floor, New York, New York 10005, at least 30 days but not more than 60 days prior to the date fixed for repayment.
If less than the entire principal amount of the Notes is to be repaid, specify the portion thereof (which shall be increments of U.S.$l,000 provided that any remaining principal hereof shall be at least U.S.$1,000) which the Holder elects to have repaid and specify the denomination or denominations (which shall be at least U.S.$l,000 or an integral multiple of U.S.$1,000 in excess thereof) of the Notes to be issued to the Holder for the portion of the Notes not being repaid (in the absence of any such specification, the Notes will be issued for the portion not being repaid).
Dated:
Signature: |
|
Note: The signature to this Option to Elect Repayment must correspond with the name as written upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever. |
Reference:
Security Exchange Commission - Edgar Database, EX-4.28 7 dex428.htm SPECIMEN OF MEDIUM TERM NOTE MASTER NOTE, Viewed October 4, 2021, View Source on SEC.
Who Helps With Master Notes?
Lawyers with backgrounds working on master notes work with clients to help. Do you need help with a master note?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate master notes. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
Meet some of our Master Note Lawyers
Ramanathan C.
Dual Qualified New York Attorney & Enrolled NZ Barrister & Solicitor
Michael M.
www.linkedin/in/michaelbmiller I am an experienced contracts professional having practiced nearly 3 decades in the areas of corporate, mergers and acquisitions, technology, start-up, intellectual property, real estate, employment law as well as informal dispute resolution. I enjoy providing a cost effective, high quality, timely solution with patience and empathy regarding client needs. I graduated from NYU Law School and attended Rutgers College and the London School of Economics as an undergraduate. I have worked at top Wall Street firms, top regional firms and have long term experience in my own practice. I would welcome the opportunity to be of service to you as a trusted fiduciary. In 2022 I was the top ranked attorney on the Contract Counsel site based upon number of clients, quality of work and top reviews.
Jeff C.
Experienced and broad based corporate/business attorney and Outside General Counsel (OGC), for start-ups, small businesses and growing companies of all sizes, advising and assisting clients with corporate and LLC formation, contracts and agreements, internet and terms of use/service agreements, trademarks and intellectual property protection, the purchase and sale of businesses (M&A), labor and employment matters, compliance and risk management, corporate governance, and commercial leasing matters. See other reviews on my website at www.ogcservices.net/reviews
Scott S.
I have over 25 years' experience representing individual and company clients, large and small, in transactions such as mergers and acquisitions, private offerings of securities, commercial loans and commercial endeavors (supply contracts, manufacturing agreements, joint ventures, intellectual property licenses, etc.). My particular specialty is in complex and novel drafting.
July 24, 2020
Cynthia F.
I run a small law firm in Pasadena, CA. I have been practicing for almost 10 years and the other attorneys at my firm each have 12+ years of experience. We focus on business and employment law, protecting and defending business owners. While my clients are all sizes, I particularly enjoy helping smaller companies and individuals manage their legal needs without the high price tag.
January 16, 2021
Jessica K.
I assist individuals and businesses across the state of Florida with litigation, contract drafting, contract interpretation, and issues that may arise because of contract terms, including demands (cease-and-desist letters) and litigation. I have experience with non-compete agreements, privacy policies, website terms, settlement agreements, intellectual property disputes, and many other disputes. Please reach out if I can help you with a litigation- or contract-related project!
July 29, 2020
Stephen F.
Stephen began practicing law in 2009 working as an associate documenting construction loans for local banks. Since the beginning of his career Stephen has expanded his practice to serve individuals and companies by performing commercial and residential real estate transactions, aiding in business organization and general corporate matters. While representing businesses Stephen has supports his clients by providing counsel on leasing, business succession, stock purchase agreements, mergers and acquisitions, constructions loans, as well as contract litigation. Stephen works to ensure that all matters are handled in a timely manner and to keep open communication with his clients.
Find the best lawyer for your project
Browse Lawyers NowNeed help with a Master Note?
Financial lawyers by top cities
- Austin Financial Lawyers
- Boston Financial Lawyers
- Chicago Financial Lawyers
- Dallas Financial Lawyers
- Denver Financial Lawyers
- Houston Financial Lawyers
- Los Angeles Financial Lawyers
- New York Financial Lawyers
- Phoenix Financial Lawyers
- San Diego Financial Lawyers
- Tampa Financial Lawyers
Master Note lawyers by city
- Austin Master Note Lawyers
- Boston Master Note Lawyers
- Chicago Master Note Lawyers
- Dallas Master Note Lawyers
- Denver Master Note Lawyers
- Houston Master Note Lawyers
- Los Angeles Master Note Lawyers
- New York Master Note Lawyers
- Phoenix Master Note Lawyers
- San Diego Master Note Lawyers
- Tampa Master Note Lawyers
ContractsCounsel User
Promissory note
Location: Virginia
Turnaround: A week
Service: Drafting
Doc Type: Promissory Note Agreement
Number of Bids: 4
Bid Range: $600 - $1,000
ContractsCounsel User
Review a Promissory Note
Location: Colorado
Turnaround: A week
Service: Contract Review
Doc Type: Promissory Note Agreement
Page Count: 3
Number of Bids: 3
Bid Range: $425 - $500
related contracts
- Accredited Investor Questionnaire
- Adverse Action Notice
- Bridge Loan
- Bridge Loan Contract
- Collateral Assignment
- Commercial Loan
- Convertible Bonds
- Convertible Note
- Convertible Preferred Stock
- Cumulative Preferred Stock
other helpful articles
- How much does it cost to draft a contract?
- Do Contract Lawyers Use Templates?
- How do Contract Lawyers charge?
- Business Contract Lawyers: How Can They Help?
- What to look for when hiring a lawyer