Common Contracts
2 similar Secured Line of Credit Promissory Note contracts by United Development Funding III, LP
SECURED LINE OF CREDIT PROMISSORY NOTESecured Line of Credit Promissory Note • November 14th, 2008 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
FOR VALUE RECEIVED, the undersigned, UNITED DEVELOPMENT FUNDING LAND OPPORTUNITY FUND, L.P., a Delaware limited partnership (“Borrower”), hereby makes this Secured Line of Credit Promissory Note (as it may be amended, modified, renewed, extended, increased, superseded, or replaced from time to time, this “Note”) and promises to pay to the order of UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership or its assigns (“Lender”), the sum of Twenty Five Million and NO/100 Dollars ($25,000,000.00), or, if greater or less, the aggregate outstanding principal amount of this Note, together with accrued, unpaid interest thereon, pursuant to the terms and conditions set forth in this Note. All amounts are payable to Lender in lawful money of the United States of America at the address for Lender provided in Section 1 of this Note, or at such other address as from time to time may be designated by Lender.
SECURED LINE OF CREDIT PROMISSORY NOTESecured Line of Credit Promissory Note • November 14th, 2007 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
FOR VALUE RECEIVED, the undersigned, United Development Funding X, L.P., a Delaware limited partnership (the “Borrower”), hereby makes this Secured Line of Credit Promissory Note (as it may be amended, modified, renewed, extended, increased, superseded, or replaced from time to time, this “Note”) and promises to pay to the order of United Development Funding III, L.P., a Delaware limited partnership or its assigns (the “Lender”), the sum of Seventy Million and NO/100 Dollars ($70,000,000.00), or, if greater or less, the aggregate outstanding principal amount of this Note, together with accrued, unpaid interest thereon, pursuant to the terms and conditions set forth in this Note. All amounts are payable to Lender in lawful money of the United States of America at the address for Lender provided in Section 1 of this Note, or at such other address as from time to time may be designated by Lender.
