Evidence of Obligation. This Note evidences the obligation of the Borrower to City for the repayment of the City Loan.
Evidence of Obligation. The Bank shall maintain in accordance with its usual practice an account or accounts evidencing the obligation of the Borrower resulting from each drawing under the Letter of Credit. In any legal action or proceeding in respect of this Agreement, the entries made in such account or accounts shall, in the absence of error in calculation, be conclusive evidence of the existence and amounts of the obligations of the Borrower therein recorded.
Evidence of Obligation. The Revolving Credit Loan shall be evidenced by a note dated the Closing Date and substantially in the form of Exhibit C (the "Note"). The Note shall represent the obligation of Borrower to pay the amount of the Revolving Credit Commitment or, if less, the aggregate unpaid principal amount of all Revolving Credit Advances made by Lender to the Borrower, with interest thereon as prescribed in Section 2.2. The date and amount of each Revolving Credit Advance and each payment of principal with respect thereto shall be recorded on the books and records of Lender. Such books and records shall constitute prima facie evidence of the accuracy of the information therein recorded.
Evidence of Obligation. This Promissory Note evidences Borrower’s obligation to the Agency for the repayment of the Agency Loan. The term of this Promissory Note (“Term”) shall commence on the effective date of this Promissory Note as shown at the top right corner of page 1 hereof, which signifies the date of initial disbursement of funds hereunder, and shall remain in effect until fifty-five (55) years after the Occupancy Date.
Evidence of Obligation. At Monaco’s request, Odyssey agrees that it will prepare, execute, and deliver to Monaco a negotiable promissory note payable to Monaco (or its designee) evidencing Odyssey’s obligation under Section 3.04(b). Any such note shall set forth or incorporate by reference the rights of Monaco (or such designee) under Article 4 and Article 5.
Evidence of Obligation. This Note evidences the obligation of the Borrower to the Agency for the repayment of the Agency Loan. All of the funds provided pursuant to the Agency Loan were funded only from Agency’s Low and Moderate Income Housing Fund.
Evidence of Obligation. The Executive shall execute and deliver a promissory note (the "Executive Note") payable to the Employer evidencing all of the terms and conditions of the $200,000 loan being made to the Executive by the Employer.
Evidence of Obligation. The Term Note principal and interest owed to Sabre shall be evidenced by accounts or records maintained by Sabre, and provided to the Company on a monthly basis. Such Term Note accounts or records shall be conclusive evidence (absent manifest error) of the amount of the Term Note balance, the interest accrued thereon and principal payments applied thereto. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of Company under the Sabre Documents to pay any amount owing with respect to this Agreement.
Evidence of Obligation. This Predevelopment Loan Note evidences the obligation of the Borrower to the City for the repayment of the Predevelopment Loan. All of the funds provided pursuant to the Predevelopment Loan were funded only from as set forth in the DDA.
Evidence of Obligation. This Note evidences Borrower’s obligation to the City for the repayment of the City Loan. The term of this Note (“Term”) shall commence on the effective date of this Note as shown at the top right corner of page 1 hereof, and shall remain in effect until fifty-five (55) years after the Occupancy Date. The effective date of this Note corresponds to date of the modification of the Existing Refinance Loan into the City Loan.
