Common use of Note Receivable Clause in Contracts

Note Receivable. A promissory note that is now or hereafter made and executed by an Applicable Underlying Borrower to the order of Borrower, evidences an Applicable Underlying Loan, and may be secured in part by an Applicable Mortgage.

Appears in 2 contracts

Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

AutoNDA by SimpleDocs

Note Receivable. A promissory note that is now or hereafter made and executed by an Applicable Underlying Borrower to the order of Borrower, evidences an Applicable Underlying Loan, and may be is secured in part by an Applicable Inventory Mortgage and/or a Construction Mortgage.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

Note Receivable. A promissory note that is now or hereafter made and executed by an Applicable Underlying Borrower to the order of Borrower, evidences an Applicable Underlying Loan, and may be is secured in part by an Applicable Mortgage.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

AutoNDA by SimpleDocs

Note Receivable. A With respect to any Borrower, a promissory note that is now or hereafter made and executed by an Applicable Underlying Borrower to the order of such Borrower, evidences an Applicable Underlying Loan, and may be is secured in part by an Applicable Inventory Mortgage and/or a Construction Mortgage.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!