Common Contracts
1 similar null contracts
PROMISSORY NOTECalifornia • September 4th, 2020
This Promissory Note (the “Note”) is executed and delivered in connection with the issuance by the Issuer of $_________________ in face principal amount of its County of Orange Multifamily Housing Revenue Bond (San Clemente Senior Apartments Project) Series 2012A (the “Bonds”) pursuant to the terms of that certain Trust Indenture dated as of _______________, 2012 (the “Indenture”) by and among the Issuer, U.S. Bank National Association, as trustee (“Bond Trustee”), and Wells Fargo Bank, National Association, as initial purchaser of the Bonds (“Bondowner Representative”), and pursuant to the terms of that certain Loan Agreement dated as of ______________, 2012 (the “Loan Agreement”) by and among Bondowner Representative, Borrower and the Issuer. The Loan Agreement provides for the terms of the loan during the construction phase and upon satisfaction of the Conversion Conditions and Conversion of the loan on the Conversion Date (each as defined therein) during the permanent phase. Simult
