BORROWER’S PROMISE TO PAY. For value received, the Borrower promises to pay to the order of Lender, its successors, participants or assigns, the principal amount of FOUR MILLION DOLLARS ($4,000,000.00) (the “Principal”) hereunder, plus interest (the “Interest”) on the Principal as set forth herein.
BORROWER’S PROMISE TO PAY. In return for a loan that I have received, I promise to pay U.S. $ (this amount is called “Principal”), plus interest, to the order of Lender. I will make all payments under this Note in the form of cash, check or money order. I understand that the Lender may transfer this Note. Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is called the “Note Holder.”
BORROWER’S PROMISE TO PAY. In return for a loan I have received, I promise to pay Fifty Thousand dollars and no/100th U.S. ($50,000.00), known as “principal”, plus interest, to the order of the Lender. The Lender is [CDFI]. I understand that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is called the “Note Holder”.
BORROWER’S PROMISE TO PAY. 2.1 For value received, Borrowers jointly and severally promise to pay to the order of Lender, its successor or assigns, Six Hundred Seventy-Five Thousand and 00/100 Dollars ($675,000.00), in lawful currency of the United States of America (the "Principal"), plus interest (the "Interest") on the Principal from time to time remaining unpaid.
BORROWER’S PROMISE TO PAY. For value received and intending to be legally bound hereby Borrower, promises to pay to Lender, or order, the principal sum of AMOUNT
BORROWER’S PROMISE TO PAY. In return for a loan (LOAN) from______________________________, a municipal corporation organized and existing under the laws of the State of Oklahoma (LENDER), BORROWER promises to pay U. S. ___________________________________________________(this amount is called the principal) to the order of the LENDER. LENDER or anyone who takes this NOTE by transfer and who is entitled to receive payment under this NOTE is called Note Holder. The LOAN evidenced by this NOTE is being made pursuant to the HOME Investment Partnerships Program (HOME Program) administered by the U. S. Department of Housing and Urban Development (HUD) through the Participating Jurisdiction for the State of Oklahoma, the Oklahoma Housing Finance Agency (OHFA). INTEREST: There will be no interest charged on the LOAN.
BORROWER’S PROMISE TO PAY. Borrower hereby acknowledges (1) that this note (Note) is given in accordance with, and as required by, the terms and conditions of the purchase agreement (Agreement) between the parties dated ____________, 20___; (2) that Lender conveyed the Property to Borrower for less than the appraised value of the Property; (3) that the principal sum of this Note represents an amount intending to equal the difference between the appraised value of the Property at the time Lender conveyed the Property to Borrower and the consideration (other than this Note) for which Lender conveyed the Property to Borrower; (4) that Lender’s conveyance of the Property to Borrower at less than the appraised value represented financial assistance for the funding of the rehabilitation and/or construction of the improvements on the Property; (5) that Lender provided such assistance to Borrower in reliance upon Borrower’s promise to either repay such assistance or provide Lender with a note and mortgage equal to at least the unpaid portion of such assistance; and (6) that in consideration of such assistance Borrower agrees to repay the assistance as provided in this Note. In return for this financial assistance, Borrower promises to pay the principal sum of _____________________ and _____/100 Dollars (U.S. $ ____ . __), plus any interest, to the order of Lender.
BORROWER’S PROMISE TO PAY. In return for the loan advances ---------------------------- described herein, Borrower promises to pay to the order of Lender the sum of Four Hundred Eighty-Two Thousand and no/100 Dollars (U.S. $482,000.00), hereafter referred to as the "principal", plus interest thereon at the rate set forth below.
BORROWER’S PROMISE TO PAY. FOR VALUE RECEIVED, Borrower promises to pay to the order of Lender at its offices set forth above the principal sum of Thirty Million Five Hundred Thousand and No/100 Dollars ($30,500,000.00), or so much thereof as shall have been disbursed hereunder in accordance with the disbursement schedule attached hereto as Schedule 1, with interest on the unpaid balance (“Balance”) at the rate of five and thirty-three hundredths percent (5.33%) per annum (“Note Rate”) from and including the date of the first disbursement of Loan proceeds under this Note (“Funding Date”) until and including Maturity (defined below). The undisbursed portion if the Loan shall be disbursed pursuant to the disbursement schedule attached hereto as Schedule 1, and, provided that no Event of Default has occurred (or if Lender has accepted cure of such Event of Default by specific written statement from Lender to Borrower acknowledging Lender’s acceptance of such cure, and Borrower specifically understands and agrees that Lender shall have no obligation whatsoever to accept the cure of any Event of Default), Lender shall disburse the remaining amounts set forth in Schedule 1 in the amounts and on the dates set forth in Schedule 1. Capitalized terms used without definition shall have the meanings ascribed to them in the Instrument.
BORROWER’S PROMISE TO PAY. On the Effective Date the Borrower promises to payback the Lender, the principal sum of EIGHT MILLION FIVE-HUNDRED THOUSAND US Dollars ($8.500.000) with interest accruing on the unpaid balance. This Note is subordinated to the prior payment in full in cash of all obligations then due with respect to the Senior Notes due 2022 by the Borrower (“Senior Notes”) and subordinated in the right of collateral assignment.
