Common Contracts
1 similar Promissory Note contracts
PROMISSORY NOTE (NON TAXABLE) (NOTE B)Promissory Note • October 10th, 2020 • California
FOR VALUE RECEIVED, EMERALD COVE, L.P., a California limited partnership (“Borrower”), promises to pay, in lawful money of the United States of America, to the order of the COUNTY OF ORANGE, CALIFORNIA, a political subdivision and public body, corporate and politic, duly organized and existing under the Constitution and laws of the State of California (“Lender”), at Newport Beach, California or at such other place as Lender shall designate in writing, the principal sum of Four Million Five Hundred Forty-One Thousand and No/100th Dollars ($4,541,000), with interest on the unpaid principal balance at the Note Rate (as defined below). Concurrently herewith, Lender is assigning all of its right, title and interest under this promissory note (“Note”) to U.S. Bank National Association, a national banking association (“Trustee”), as the Trustee under that certain Indenture (“Indenture”) dated as of even date herewith, between Lender and Trustee, pursuant to which Lender is issuing its County
