Authority Promissory Note definition

Authority Promissory Note means the Authority Promissory Note for Phase II, substantially in the form attached hereto as Attachment No. 8, which shall evidence Developer’s obligation to repay the Authority Subordinate Loan for Phase II from eighty-five percent (85%)
Sample 1
Authority Promissory Note means the promissory note evidencing the Authority Loan in substantially the form shown in Attachment No. 7 hereto.
Sample 1
Authority Promissory Note means the Authority Promissory Note in a form which is reasonably acceptable to Authority Executive Director, in her reasonable discretion, which shall evidence Developer’s obligation to repay the Authority Subordinate Loan for the Project from one hundred percent (100%) of the Net Voucher Income, plus eighty-five percent (85%) of Residual Receipts from the Project.
Sample 1

Examples of Authority Promissory Note in a sentence

  • The student is responsible for reporting all changes in personal information promptly to the Registrar including, but not limited to, mailing and/or residential address changes and e- mail address changes.

  • Payments towards the Authority Subordinate Loan shall be applied first to accrued interest, next to any principal amount of the Additional Subsidy owing under the Authority Promissory Note, and finally to any principal amount of the Land Subsidy owing under the Authority Promissory Note.

  • Accordingly, the Housing Authority Promissory Note shall not be assignable or assumable by successors and assigns of Developer except with the prior written consent of the Agency, which consent may be granted or withheld in the Agency’s sole and absolute discretion.

  • Payments towards the Authority Subordinate Loans shall be applied first to accrued interest, next to any principal amounts of the Manchester Additional Subsidy and/or the Orangewood Additional Subsidy owing under the applicable Authority Promissory Note, and finally to any principal amounts of the Manchester Land Subsidy and/or the Orangewood Land Subsidy owing under the applicable Authority Promissory Note.

  • The Authority Promissory Note for Phase I shall be payable from eighty-five percent (85%) of Residual Receipts from the operation of Phase I, until the Authority Promissory Note has been paid in full.

  • Each Authority Promissory Note shall not be assumable by successors and assigns of Developer without the prior written consent of the Authority pursuant to Section 704 hereof.

  • The Authority Deed of Trust securing the Authority Promissory Note for Phase I shall be junior and subordinate to the Primary Loan and the deed of trust securing the Primary Loan.

  • The Authority Promissory Note for the Project shall be for a term of fifty-seven (57) years from the date of the Authority Promissory Note and shall bear simple interest at the rate of four percent (4%) per annum.

  • The Housing Authority Promissory Note shall be secured by the Housing Authority Deed of Trust.

  • Developer’s obligation to repay the Authority Subordinate Loan for the Project shall be set forth in the Authority Promissory Note for the Project, in a form which is reasonably acceptable to Developer and Authority Executive Director in her reasonable discretion.


More Definitions of Authority Promissory Note

Authority Promissory Note and “Authority Promissory Notes” shall mean, individually and collectively, the Authority Promissory Notes in a form which is reasonably acceptable to Authority Executive Director, in her reasonable discretion, which shall evidence Developer’s obligation to repay the Authority Subordinate Loans for the Manchester Project and the Orangewood Project, as applicable, from eighty-five percent (85%) of Residual Receipts in the Manchester Project and eighty-five percent (85%)
Sample 1

Related to Authority Promissory Note

  • Secured Promissory Note is defined in Section 2.4.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Borrower Pledge Agreement means the Pledge Agreement of even date herewith executed by Borrower in favor of Agent, on behalf of itself and Lenders, pledging all Stock of its Subsidiaries, if any, and all Intercompany Notes owing to or held by it.

  • Borrower Loan Agreement means the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Credit Agreement Documents means the collective reference to any Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Second Lien Security Agreement means the “Security Agreement” as defined in the Second Lien Credit Agreement.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Secured Promissory Note Record is a record maintained by each Lender with respect to the outstanding Obligations owed by Borrower to Lender and credits made thereto.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • Credit Support Pledge Agreement The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • IP Security Agreement is that certain Intellectual Property Security Agreement executed and delivered by Borrower to Collateral Agent and dated as of the Effective Date, as may be amended, restated, or otherwise modified or supplemented from time to time.

  • Loan and Security Agreement “thereunder”, “thereof” or similar words referring to the Loan Agreement shall mean and be a reference to this Agreement and (b) each reference in the Financing Agreements to a “Note” or “Revolving Credit Note” shall mean and be a Revolving Credit Note as defined in this Agreement.

  • Pledge and Security Agreement means the Pledge and Security Agreement to be executed by Company and each Guarantor substantially in the form of Exhibit I, as it may be amended, supplemented or otherwise modified from time to time.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Senior Credit Agreement has the meaning specified therefor in the Recitals hereto.