Common use of Endorsements on Notes Clause in Contracts

Endorsements on Notes. The date, amount, Type, interest rate and duration of Interest Period (if applicable) of each Loan made by each Lender to Borrower, and each payment made on account of the principal thereof, shall be recorded by such Lender on its books and, prior to any transfer of the Note held by it, endorsed by such Lender on the schedule attached to such Note or any continuation thereof; provided that the failure of such Lender to make any such recordation or endorsement shall not affect the obligations of Borrower to make a payment when due of any amount owing hereunder or under such Note in respect of such Loans.

Appears in 10 contracts

Samples: Construction Loan Agreement, Term Loan Agreement (Acadia Realty Trust), Term Loan Agreement (Acadia Realty Trust)

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Endorsements on Notes. The date, amount, Type, Type and interest rate and duration of Interest Period (if applicable) of each Loan made by each Lender to each Borrower, and each payment made on account of the principal thereof, shall be recorded by such Lender on its books and, prior to any transfer of the Note Note(s) held by it, endorsed by such Lender on the schedule attached to such Note Note(s) or any continuation thereof; provided that the failure of such Lender to make any such recordation or endorsement shall not affect the obligations of such Borrower to make a payment when due of any amount owing hereunder or under such Note in respect of such Loans.

Appears in 1 contract

Samples: Loan Agreement (Tarragon Corp)

Endorsements on Notes. The date, amount, Type, interest rate and duration of Interest Period (if applicable) of each Loan made by each Lender to Borrower, and each payment made on account of the principal thereof, shall be recorded by such Lender on its books and, prior to any transfer of the Note held by it, endorsed by such Lender on the schedule attached to such Note or any continuation thereof; , provided that the failure of such Lender to make any such recordation or endorsement shall not affect the obligations of Borrower to make a payment when due of any amount owing hereunder or under such Note in respect of such Loans.

Appears in 1 contract

Samples: Loan Agreement (General Growth Properties, Inc.)

Endorsements on Notes. The date, amount, Type, interest rate and duration of Interest Period (if applicable) of each Loan made by each Lender to BorrowerBorrowers, and each payment made on account of the principal thereof, shall be recorded by such Lender on its books and, prior to any transfer of the Note held by it, endorsed by such Lender on the schedule attached to such Note or any continuation thereof; , provided that the failure of such Lender to make any such recordation or endorsement shall not affect the obligations of Borrower Borrowers to make a payment when due of any amount owing hereunder or under such Note in respect of such Loans.

Appears in 1 contract

Samples: Loan Agreement (General Growth Properties, Inc.)

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Endorsements on Notes. The date, amount, Type, interest rate and duration of Interest Period (if applicable) of each Loan made by each Lender to Borrowerthe Borrowers, and each payment made on account of the principal thereof, shall be recorded by such Lender on its books and, prior to any transfer of the Note held by it, endorsed by such Lender on the schedule attached to such Note or any continuation thereof; provided PROVIDED that the failure of such Lender to make any such recordation or endorsement shall not affect the obligations of Borrower the Borrowers to make a payment when due of any amount owing hereunder or under such Note in respect of such Loans.

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

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