Common use of Project Note Clause in Contracts

Project Note. The obligation of the Borrower to repay the Loans and to pay interest thereon at the rate provided herein shall be evidenced by a promissory note substantially in the form of Exhibit A, payable to the order of the Lender and in the principal amount of SEVENTEEN MILLION EIGHT HUNDRED TWENTY-NINE THOUSAND DOLLARS (US$17,829,000) (the "Project Note"). The Borrower authorizes the Lender to record on the schedule annexed to the Project Note, each payment or prepayment of principal of the Loans and agrees that all such notations shall be prima facie evidence of the information recorded. The Borrower further authorizes the Lender to attach to and make a part of the Project Note continuations of the schedule attached thereto as necessary. No failure to make any such notations, nor any errors in making any such notations, shall affect the validity of the Borrower's obligations to repay the full unpaid principal amount of the Loans or the duties of the Borrower hereunder or thereunder.

Project Note. The obligation of the Borrower to repay the Loans and to pay interest thereon at the rate provided herein shall be evidenced by a promissory note substantially in the form of Exhibit A, payable to the order of the Lender and in the principal amount of SEVENTEEN MILLION EIGHT HUNDRED TWENTY-NINE EIGHTY THOUSAND DOLLARS (US$17,829,00017,880,000) (the "Project Note"). The Borrower authorizes the Lender to record on the schedule annexed to the Project Note, each payment or prepayment of principal of the Loans and agrees that all such notations shall be prima facie evidence of the information recorded. The Borrower further authorizes the Lender to attach to and make a part of the Project Note continuations of the schedule attached thereto as necessary. No failure to make any such notations, nor any errors in making any such notations, shall affect the validity of the Borrower's obligations to repay the full unpaid principal amount of the Loans or the duties of the Borrower hereunder or thereunder.

Project Note. The obligation of the Borrower to repay the Loans and to pay interest thereon at the rate provided herein shall be evidenced by a promissory note substantially in the form of Exhibit A, payable to the order of the Lender and in the principal amount of SEVENTEEN MILLION EIGHT SIX HUNDRED TWENTYSIXTY-NINE FOUR THOUSAND DOLLARS (US$17,829,00017,664,000) (the "Project Note"). The Borrower authorizes the Lender to record on the schedule annexed to the Project Note, each payment or prepayment of principal of the Loans and agrees that all such notations shall be prima facie evidence of the information recorded. The Borrower further authorizes the Lender to attach to and make a part of the Project Note continuations of the schedule attached thereto as necessary. No failure to make any such notations, nor any errors in making any such notations, shall affect the validity of the Borrower's obligations to repay the full unpaid principal amount of the Loans or the duties of the Borrower hereunder or thereunder.