The Variable Funding Note Sample Clauses

The Variable Funding Note. Section 2.1 The Variable Funding Notes 59 Section 2.2 Procedures for Advances by the Lenders 60 Section 2.3 Reduction of the Facility Amount; Principal Repayments 63 Section 2.4 Determination of Interest 64 Section 2.5 Notations on Variable Funding Notes 64 Section 2.6 Borrowing Base Deficiency Cures 64 Section 2.7 Priority of Payments 65 Section 2.8 Alternate Priority of Payments 67 Section 2.9 Collections and Allocations 69 Section 2.10 Payments, Computations, etc. 70 Section 2.11 Fees 71 Section 2.12 Increased Costs; Capital Adequacy; Illegality 71 Section 2.13 Taxes 74 Section 2.14 Reinvestment; Discretionary Sales, Substitutions and Optional Sales of Loans 78 Section 2.15 Assignment of Sale Agreement 82 Section 2.16 Capital Contributions 82 Section 2.17 Defaulting Lenders 82 ARTICLE III
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The Variable Funding Note. (a) On the terms and conditions hereinafter set forth, on the Closing Date, the Borrower shall deliver to the Agent, at the address set forth on Annex A to this Agreement, a duly executed variable funding note (the “Variable Funding Note”), in substantially the form of Exhibit B-1, dated as of the date of this Agreement, in a face amount equal to the Conduit Lender’s Commitment as of the Closing Date and otherwise duly completed. Each Variable Funding Note evidences, and at all times on and after the date hereof shall continue to evidence each Conduit Lender’s ratable share of the security interest in the Collateral granted pursuant to Section 8.1. Interest shall accrue, and each Variable Funding Note shall be payable, as described herein.
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The Variable Funding Note. (a) On the terms and conditions hereinafter set forth, on the Closing Date, the Borrower shall deliver (i) to each Lender, at the applicable address set forth on Annex A to this Agreement, and (ii) on the effective date of any Assignment and Acceptance or Joinder Supplement, to each successor Lender or additional Lender, as applicable, at the address set forth in the applicable Assignment and Acceptance or Joinder Supplement, a duly executed variable funding note (each, a “Variable Funding Note”), in substantially the form of Exhibit B, dated as of the date of this Agreement, in a face amount equal to the applicable Lender’s Commitment as of the Closing Date or the effective date of any Assignment and Acceptance or Joinder Supplement, as applicable, and otherwise duly completed. The Borrower shall deliver to the Trustee and the Registrar a copy of each such Variable Funding Note issued. Each Variable Funding Note shall evidence each Lender’s ratable share of the security interest in the Collateral granted pursuant to Section 8.1 in an amount equal, at any time, to the percentage equivalent of a fraction, (x) the numerator of which is the outstanding Advances by such Lender under the applicable Variable Funding Note on such day and (y) the denominator of which is the Advances Outstanding on such day. Interest shall accrue, and each Variable Funding Note shall be payable, as described herein.
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The Variable Funding Note. (a) On the terms and conditions hereinafter set forth, Borrower shall deliver a duly executed variable funding note (the “Variable Funding Note” or “VFN”), in substantially the form of Exhibit B, on the Closing Date, to the Lender at its address set forth on Annex A to this Agreement. The Variable Funding Note shall evidence the Advances hereunder. Interest shall accrue, and the VFN shall be payable, as described herein. The VFN shall be in the name of “MMP-5 Funding, LLC” and shall be in the maximum principal amount of up to $50,000,000 and otherwise duly completed.
Sample 1
The Variable Funding Note. (a) On the terms and conditions hereinafter set forth, on the Closing Date, the Borrower shall deliver to the Agent, at the address set forth on the signature pages of this Agreement, a duly executed variable funding note (the “Variable Funding Note”), in substantially the form of Exhibit B-1, dated as of the date of this Agreement, and otherwise duly completed. The Variable Funding Note issued to the Conduit Lender shall be in the name of “Xxxxxx Xxxxxxx Corp., as the Agent” and shall be in the face amount equal to $125,000,000. The Variable Funding Note shall evidence an undivided ownership interest (and the Borrower does hereby sell, transfer, assign and convey such undivided ownership interest to the Conduit Lender) in the Collateral purchased by the Conduit Lender.
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The Variable Funding Note. (a) On the terms and conditions hereinafter set forth, the Borrower shall deliver on the Effective Date, to the Administrative Agent, on behalf of the Lenders, a duly executed variable funding note in substantially the form of Exhibit B (the “Variable Funding Note” or “VFN”), dated as of the date of this Agreement, and otherwise duly completed. The face amount of the Variable Funding Note shall be $175,000,000; the maximum principal balance of the Variable Funding Note shall be the Maximum Facility Amount. Each Committed Lender’s Commitment shall be allocated ratably to the Variable Funding Note in accordance with its Pro Rata Share. Interest shall accrue, and the VFN shall be payable, as described herein.
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The Variable Funding Note. Section 2.1 The Variable Funding Notes.
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The Variable Funding Note 
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Related to The Variable Funding Note

  • Payment of Note Principal (a) Monthly Payments During Series 2004-1 Controlled Amortization Period or Series 2004-1

  • Payment of Note Punctually pay or cause to be paid the principal of, interest on and all other amounts payable hereunder and under the Note in accordance with the terms thereof.

  • Payment of Notes 45 Section 4.02 Maintenance of Office or Agency................................................................ 45 Section 4.03 Reports........................................................................................ 45 Section 4.04

  • Sale of Note; Change in Servicer; Loan Servicing The Note or a partial interest in the Note (together with this Loan Agreement and the other Loan Documents) may be sold one or more times without prior Notice to Borrower. A sale may result in a change of the Loan Servicer. There also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given Notice of the change. All actions regarding the servicing of the Loan evidenced by the Note, including the collection of payments, the giving and receipt of Notice, inspections of the Mortgaged Property, inspections of books and records, and the granting of consents and approvals, may be taken by the Loan Servicer unless Borrower receives Notice to the contrary. If Borrower receives conflicting Notices regarding the identity of the Loan Servicer or any other subject, any such Notice from Lender will govern.

  • Prepayment of Notes No prepayment of the Notes may be made except to the extent and in the manner expressly provided in this Agreement.

  • Repayment of Notes Each of the parties hereto agrees that all repayments of the Notes (including any accrued interest thereon) by the Company (other than by conversion of the Notes) will be paid pro rata to the holders thereof based upon the principal amount then outstanding to each of such holders.

  • Payment of Additional Interest (a) Under certain circumstances the Company will be obligated to pay certain additional amounts of interest to the Holders of certain Initial Notes, as more particularly set forth in such Initial Notes.

  • MODIFICATION OF NOTE 3.1 From and after the Effective Date, the provision in the Note captioned "Promise to Pay" is hereby amended as follows: The date on which the entire balance of unpaid principal plus accrued interest shall be due and payable immediately is hereby changed from March 31, 2010 to March 31, 2012.

  • Subordination Agent Required; Eligibility There shall at all times be a Subordination Agent hereunder which shall be a corporation organized and doing business under the laws of the United States of America or of any State or the District of Columbia having a combined capital and surplus of at least $100,000,000 (or the obligations of which, whether now in existence or hereafter incurred, are fully and unconditionally guaranteed by a corporation organized and doing business under the laws of the United States of America, any State thereof or of the District of Columbia and having a combined capital and surplus of at least $100,000,000), if there is such an institution willing and able to perform the duties of the Subordination Agent hereunder upon reasonable or customary terms. Such corporation shall be a citizen of the United States and shall be authorized under the laws of the United States or any State thereof or of the District of Columbia to exercise corporate trust powers and shall be subject to supervision or examination by federal, state or District of Columbia authorities. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of any of the aforesaid supervising or examining authorities, then, for the purposes of this Section 6.9, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Subordination Agent shall cease to be eligible in accordance with the provisions of this Section, the Subordination Agent shall resign immediately in the manner and with the effect specified in Section 8.1.

  • Subordinated Note At any time, directly or indirectly, pay, prepay, repurchase, redeem, retire or otherwise acquire, or make any payment on account of any principal of, interest on or premium payable in connection with the repayment or redemption of the Subordinated Note, except as expressly permitted in the Subordination Agreement.

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