Borrower Notes definition

Borrower Notes means the Series A-1 Borrower Note and the Series A-2 Borrower Note.

Borrower Notes means, collectively, the Borrower Note Series 2016B-1 and the Borrower Note Taxable Series 2016B-2; and a “Borrower Note” shall mean one of such Borrower Notes.

Borrower Notes has the meaning set forth in Section 4.3(a).

Examples of Borrower Notes in a sentence

• The outstanding principal amount of the Governmental Lender Notes as of any given date shall be the Authorized Amount, less any payments of principal of the Governmental Lender Notes previously received from payments of corresponding principal amounts under the respective Borrower Notes, including regularly scheduled principal payments and voluntary and mandatory prepayments.

• The payment or prepayment of principal, interest and premium, if any, late payment fees and other amounts due on the Governmental Lender Notes shall be made on the Loan Payment Date and shall be identical with and shall be made on the same terms and conditions, as the principal, interest, premium, if any, late payment fees and other amounts due on the Borrower Notes.

• If there is no Servicer, payments of principal and interest on the Borrower Notes shall be paid directly to the Fiscal Agent and deposited into the Governmental Lender Note Payment Fund.

• In the event that the Funding Lender or its assignee or designee shall become the legal or beneficial owner of the Project by foreclosure or deed in lieu of foreclosure, such party shall succeed to the rights and the obligations of the Borrower under the Borrower Loan Agreement, the Borrower Notes, the Regulatory Agreement and any other Funding Loan Documents to which the Borrower is a party.

• If there is a Servicer, payments of principal and interest on the Borrower Notes shall be paid to the Servicer when required under the Borrower Notes and Borrower Loan Agreement, and the Servicer, on behalf of the Funding Lender, shall then remit such funds to the Fiscal Agent to be deposited in the Governmental Lender Note Payment Fund established under this Funding Loan Agreement.

More Definitions of Borrower Notes

Borrower Notes means, collectively, the Borrower Tax-Exempt Note and the Borrower Taxable Note, and a “Borrower Note” shall mean one of such Borrower Notes.

Borrower Notes means notes issued by the Company to Participating Borrowers pursuant to a notes subscription agreement dated on or about the date of this agreement.

Borrower Notes means collectively the Tax-Exempt Borrower Note and the Taxable Borrower Note, and “Borrower Note” shall mean one of such Borrower Notes.

Borrower Notes means the “Borrower Notes” as defined in the Borrower Loan Agreement.

Borrower Notes means, collectively, the Series E-1 Borrower Note and the Series E-2 Borrower Note.

Borrower Notes means, collectively, the Borrower Series 2021A Note and the Borrower Series 2021B Note.

Borrower Notes shall have the meaning specified in Section 2.2. --------------