Examples of Advance Note in a sentence
The original Renewal Note and the original Future Advance Note are attached to the original Consolidation Note.
Seller equity shall be calculated as a pro-rata portion of the original Capital Advance Note corresponding to the term of the Capital Advance Use Agreement that has elapsed; and Paydown of any Identity of Interest (IOI) loans or advances that were used to address the needs of the project or residents of the project.
A copy of the Consolidation Note, with a copy of the Renewal Note and a copy of the Future Advance Note attached, is enclosed.
Simultaneously with the execution of this Agreement and as evidence of the additional indebtedness of Mortgagor to Mortgagee on account of the additional advances made pursuant to this Agreement, Xxxxxxxxx has executed in favor of Mortgagee the Future Advance Note in the principal amount of $5,000.00, a copy of which is attached hereto as Schedule A.
The Note and Future Advance Note have been amended, restated, renewed and consolidated pursuant to the terms of that certain Amended, Restated, Renewed And Consolidated Promissory Note of even date herewith in the principal amount of $45,000.00, a copy of which is attached hereto as Schedule B.