The Notes, Security Instrument and Loan Documents Clause Samples
The Notes, Security Instrument and Loan Documents. The Loan shall be evidenced by the Notes and secured by the Security Instrument, the Assignment of Leases, this Agreement and the other Loan Documents.
The Notes, Security Instrument and Loan Documents. (a) The Loan shall be evidenced by the Notes and secured by the Security Instrument, the Assignment of Leases and the other applicable Loan Documents.
(b) Each Note shall be payable to the order of each applicable Lender for the account of such Lender’s Lending Office in the maximum principal amount equal to each such Lender’s Commitment.
(c) Each Lender may, by written notice to Borrower and Administrative Agent, request that its Pro Rata Percentage of the Loan be evidenced by a separate Note in an amount equal to such Pro Rata Percentage, but in no event shall the aggregate principal amount of all Notes exceed the Loan Amount. Each Note shall be in substantially the form of the Note.
(d) Upon receipt of each Lender’s Note, Administrative Agent shall forward such Note to such Lender. Each Lender shall record the date, amount, and type of each portion of the aggregate Loan made by it and the date and amount of any payment of principal made by Borrower with respect thereto, and may, subject to Section 15.1(b), if such Lender so elects in connection with any transfer or enforcement of its Note, endorse on the schedule forming a part thereof appropriate notations to evidence the foregoing information with respect to each such portion of the aggregate Loan then outstanding evidenced by such Note; provided that the failure of any Lender to make any such recordation or endorsement shall not affect the obligations of Borrower hereunder or under the Notes. Subject to Section 15.1(b), each Lender is hereby irrevocably authorized by Borrower to so endorse its Note and to attach to and make a part of its Note a continuation of any such schedule as and when required.
(e) Notwithstanding subsections (b), (c) and (d) above and the existence of multiple Notes, Borrower shall only be required to make single payments of the aggregate amounts due from time to time under such Notes to Administrative Agent.
The Notes, Security Instrument and Loan Documents. The Loan shall be evidenced by the Notes and secured by the Security Instrument, the Assignment of Leases, this Agreement and the other Loan Documents. In connection with the Loan, the Northstar Guarantor shall enter into the Northstar Guarantee and an original of the duly executed Northstar Guarantee shall be delivered to Administrative Agent.
The Notes, Security Instrument and Loan Documents. (a) The Loan shall be evidenced by the Note and secured by the Security Instrument, the Pledge Agreement and the other Loan Documents.
(b) Each Note shall be payable to the Lender that is the holder of such Note for the account of its applicable lending office in an amount equal to such Lender’s Pro Rata Interest.
(c) Upon receipt of each Note, Administrative Agent shall forward such Note to the applicable Lender. Each Lender shall record the date, amount, type and maturity of each loan made by such Lender and the date and amount of each payment of principal made by Borrower with respect thereto, and may, if such Lender so elects in connection with any transfer or enforcement of its Note, endorse on the schedule forming a part thereof appropriate notations to evidence the foregoing information with respect to each such loan then outstanding; provided that the failure of any Lender to make any such recordation or endorsement shall not affect the obligations of Borrower hereunder or under the Note. Each Lender is hereby irrevocably authorized by Borrower to so endorse its Note and to attach to and make a part of its Note a continuation of any such schedule as and when required.