Loan and Note. The term “Loan” herein shall refer to the indebtedness of Borrower to Lender evidenced by a Note in the original principal amount One Million Eight Hundred Ten Thousand and No/100 Dollars ($1,810,000.00) in form satisfactory to Lender (the “Note”).
Loan and Note. The term “Loan” under the Loan Agreement is hereby modified to include the Renewal Loan, and the term “Note” under the Loan Agreement is hereby modified to reference the Renewal Note.
Loan and Note. The Lender shall advance to the Company the aggregate amount of Six Million Dollars ($6,000,000). The Company acknowledges receipt of $3,000,000 from Pappajohn on or about December 22, 2011. Advances shall be made by Lender on the date hereof as follows: Xxxxxx - $500,000; NNJCA - $1,500,000 and Pappajohn - $1,000,000. The Company previously issued a Promissory Note to Pappajohn to evidence his $3 million advance. Upon execution of this Agreement and funding of each new loan, the Company shall execute and deliver to each Lender a Promissory Note in substantially the form of Exhibit A attached hereto (collectively the notes evidencing the $6 million obligation are referred to as the “Note”), dated the date of the advance, to evidence the terms and conditions of the Company’s repayment of, and other obligations with respect to, the credit advanced by Lender (the “Loan”) to the Company hereunder and thereunder. No amount of principal advanced pursuant to the Loan shall be eligible, upon its repayment, for the making of any further advances hereunder.
Loan and Note. The term “Loan” herein shall refer to the indebtedness of Borrower to Lender evidenced by a Note in the original principal amount of One Million Three Hundred Four Thousand and No/100 Dollars ($1,304,000.00) in form satisfactory to Lender (the “Note”). The term of this Loan shall be for twenty (20) years.
Loan and Note. This Guaranty is executed in connection with a mortgage loan in the aggregate original principal amount of $39,000,000.00 (the “Loan”) made by Lender to the parties set forth on Schedule I hereto (jointly, severally and collectively, “Borrower”). The Loan is (a) evidenced by that certain Promissory Note (USL) made by Borrower to the order of Lender, of even date herewith (as the same may be amended, restated, modified and/or supplemented from time to time, the “Note”), (b) governed by, among other things, that certain Loan Agreement, of even date herewith, between Borrower and Lender (as the same may be amended, restated, modified and/or supplemented from time to time, the “Loan Agreement”), and (c) secured by, among other things, the Mortgages (as defined in the Loan Agreement), encumbering certain real property as more particularly described in each Mortgage (collectively, the “Property”). All capitalized terms used herein without definition shall have the meanings given to such terms in the Loan Agreement.
Loan and Note. The Lender made a loan to the Company on the Funding Date in the original principal amount of $62,000,000, the entire principal amount of which remains outstanding as of the date hereof, and the Company has Deferred Interest on such principal amount owing to the Lender in the aggregate amount of $___________, which remains outstanding as of the date hereof (together with any Deferred Interest hereafter arising hereunder, collectively, the "Loan"). The Loan shall be evidenced by a promissory note of the Company such note to be substantially in the form of Exhibit I-A hereto (the "Term Note"), dated as of the Effective Date, payable to the order of the Lender and in the principal amount of $62,000,000 and by a note of the Company such note to be substantially in form of Exhibit I-B hereto (the "Payment-in-Kind Note") dated as of the Effective Date. Such notes shall be payable to the order of the Lender, duly completed, executed and delivered by the Company, as borrower.
Loan and Note. This Guaranty is executed in connection with a $22,880,000.00 loan ("Loan") made by Lender to Xxxxx X. Xxxxxxxxx, Xxxxx X. Xxxxxxxxx, and Boy X.X. xxx Xxxx, trustees of the Charterhouse of Cambridge Trust, and not individually, under a Declaration of Trust dated December 27, 1963 and recorded at Middlesex South Deeds Book 11160, Page 340, as amended by Amendment of Declaration of Trust dated July 8, 1966 and recorded at Middlesex South Deeds Book 11160, Page 359 ("Charterhouse"), and Sonesta of Massachusetts, Inc., a Massachusetts corporation ("Sonesta," and, together with Charterhouse, collectively, "Borrower"). The Loan is (a) evidenced by a Promissory Note of even date herewith in the original principal amount of the Loan ("Note"), and (b) secured by, among other things, a Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents of even date herewith granted by Borrower for the benefit of Lender ("Mortgage," and, together with the Note and all other documents evidencing and/or securing the Loan, "Loan Documents") covering certain real property commonly known as the Royal Sonesta Hotel, Cambridge, Massachusetts and more particularly described in the Mortgage. All capitalized terms used herein without definition shall have the meanings given to such terms in the Mortgage.
Loan and Note. This Guaranty is executed in connection with a mortgage loan in the aggregate original principal amount of $158,750,000.00 (the “Loan”) made by Lender to the parties set forth on Schedule I hereto (jointly, severally and collectively, “Borrower”). The Loan is (a) evidenced by (i) that certain Promissory Note (AGLIC) made by Borrower in favor of AGLIC, of even date herewith (as the same may be amended, restated, modified and/or supplemented from time to time, the “AGLIC Note”), (ii) that certain Promissory Note (VALIC) made by Borrower in favor of VALIC, of even date herewith (as the same may be amended, restated, modified and/or supplemented from time to time, the “VALIC Note”), (iii) that certain Promissory Note (USLIC), of even date herewith, made by Borrower to the order of USLIC (as the same may be amended, modified, and/or supplemented from time to time, the “USLIC Note”), (iv) that certain Promissory Note (AHAC) of even date herewith, made by Borrower to the order of AHAC (as the same may be amended, modified, and/or supplemented from time to time, the “AHAC Note”), and (v) that certain Promissory Note (CICC) of even date herewith, made by Borrower to the order of CICC (as the same may be amended, modified, and/or supplemented from time to time, the “CICC Note”; and collectively with the AGLIC Note, the VALIC Note, the USLIC Note, and the AHAC Note, collectively, the “Notes”), (b) governed by, among other things, a Loan Agreement of even date herewith, between Borrower and Lender (as the same may be amended, restated, modified and/or supplemented from time to time, the “Loan Agreement”), and (c) secured by, among other things, the Mortgages (as defined in the Loan Agreement), encumbering certain real property as more particularly described in each Mortgage (collectively, the “Property”). All capitalized terms used herein without definition shall have the meanings given to such terms in the Loan Agreement.
Loan and Note. The Investor has agreed to loan to the Company the sum of ____________ (U.S. $_______) on the terms and conditions set forth in the Note (the “Loan”).
Loan and Note. The term "Loan" herein shall refer to the indebtedness of Borrower to BANKFIRST evidenced by a Promissory Note in the original principal amount of Three Hundred Twenty Thousand Dollars ($320,000.00) in form satisfactory to BANKFIRST (the "Note"). A copy of the Note is appended hereto as Exhibit "A", and incorporated herein by reference, as though more fully set out. Concurrent with the execution and delivery of the Note, BANKFIRST will, upon the terms and conditions of this Agreement, lend to the Borrower the sum of Three Hundred Twenty Thousand Dollars ($320,000.00).
