Purchase Money Note Sample Contracts

NON-RECOURSE PURCHASE MONEY NOTE
Purchase Money Note • February 10th, 2000 • Lahaina Acquisitions Inc • Real estate
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PURCHASE MONEY NOTE
Purchase Money Note • January 12th, 2011 • Sono Tek Corp • Miscellaneous electrical machinery, equipment & supplies

This Note is the note referred to in a Purchase Money Mortgage of even date herewith on property located in the Town of Marlboro, County of Ulster, State of New York, between the parties hereto (the “Mortgage”).

PURCHASE MONEY NOTE
Purchase Money Note • November 12th, 2010 • Steadfast Income REIT, Inc. • Real estate investment trusts

FOR VALUE RECEIVED, the undersigned (“Borrower”) jointly and severally (if more than one) promises to pay to the order of TOWNE REALTY, INC. d/b/a LINCOLN TOWER, INC., the principal sum of Six Million Six Hundred Fifty Thousand and No/100 Dollars (US $6,650,000.00) or so much thereof as shall be outstanding from time to time, with interest accruing at the Interest Rate on the unpaid principal balance from the Disbursement Date until fully paid.

PURCHASE MONEY NOTE
Purchase Money Note • August 13th, 2002 • Merisel Inc /De/ • Wholesale-computers & peripheral equipment & software

This Note may be prepaid in full or in part at any time without penalty or premium. Partial prepayments shall be applied first to accrued interest and then to principal.

AMENDED AND RESTATED INITIAL PURCHASE MONEY NOTE
Purchase Money Note • November 27th, 2023 • First Citizens Bancshares Inc /De/ • State commercial banks

PRINCIPAL OF, AND INTEREST ON, THIS PURCHASE MONEY NOTE IS PAYABLE PERIODICALLY AS SET FORTH HEREIN AND IN THE CUSTODIAL AND PAYING AGENCY AGREEMENT. ACCORDINGLY, THE OUTSTANDING PRINCIPAL OF THIS PURCHASE MONEY NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF, AND ACCRUED INTEREST HEREON MAY HAVE BEEN PAID TO THE MOST RECENT DISTRIBUTION DATE. ANY PERSON ACQUIRING THIS PURCHASE MONEY NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT, AND THE DATE TO WHICH ACCRUED INTEREST HEREON HAS BEEN PAID, BY INQUIRY OF THE PAYING AGENT.

SECOND AMENDMENT TO PURCHASE MONEY NOTE
Purchase Money Note • December 20th, 2019 • MMA Capital Holdings, Inc. • Real estate

THIS SECOND AMENDMENT TO PURCHASE MONEY NOTE (this “Second Amendment”) is made as of the 20th day of December, 2019, by HUNT FS HOLDINGS II, LLC, a Delaware limited liability company (“Maker”) in favor of MMA CAPITAL HOLDINGS, INC., a Delaware corporation (f/k/a MMA Capital Management, LLC, a Delaware limited liability company) (“Payee”) is an amendment to that certain Purchase Money Note dated January 8, 2018, from Maker to Payee in the original principal amount of $57,000,000 (the “Original Note”), which original principal sum was increased to $67,000,000 pursuant to that certain Allonge to Purchase Money Note dated as of October 4, 2018 (the “Allonge”) executed by Maker in favor of Payee, and as amended by that certain First Amendment to Purchase Money Note dated January 18, 2019, providing for a change in amortization payments (the “First Amendment” and together with the Original Note and the Allonge, the “Note”).

PURCHASE MONEY NOTE
Purchase Money Note • January 9th, 2018 • Mma Capital Management, LLC • Real estate • New York

In partial consideration of the transfer to the undersigned Maker by MMA Capital Management, LLC (“Payee”) and certain of its Affiliates of the Transferred Assets described in Master Transaction Agreement (as herein defined), Maker promises to pay to the order of Payee the principal sum of FIFTY-SEVEN MILLION DOLLARS ($57,000,000) (subject to adjustments in accordance with the terms of the Master Transaction Agreement and reduction pursuant to Section 24 below), together with interest on the outstanding principal balance hereunder from the date hereof at the rate and in the manner set forth below. The following terms shall apply to this Purchase Money Note (this “Note”).

PURCHASE MONEY NOTE Dated of: April __, 2005
Purchase Money Note • March 10th, 2005 • Office Depot Inc • Retail-miscellaneous shopping goods stores • Florida

FOR VALUE RECEIVED, BRHP, LLC, a Florida limited liability company and TERRY W. STILES, a natural person (collectively, the “Borrower”), jointly and severally, promise to pay to OFFICE DEPOT, INC., a Delaware corporation (the “Lender”) the principal sum of [ * ] (the “Principal Amount”) together with interest thereon as provided herein (collectively, the “Indebtedness”).

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