Building Loan Note definition

Building Loan Note means that certain Building Loan Promissory Note, dated the date hereof, in the principal amount of up to the Building Loan Amount made by Borrower in favor of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Building Loan Note shall have the meaning set forth in the Building Loan Agreement.

Building Loan Note. The term “Building Loan Note” as used in this Agreement shall mean a certain note dated as of the date hereof in the principal sum of $11,000,000.00 given by the Borrower to the Lender.

Examples of Building Loan Note in a sentence

• The Building Loan Note and the Building Loan Mortgage are subject to the conditions, stipulations, agreements and covenants contained in this Agreement to the same extent and effect as if fully set forth therein until this Agreement is terminated by the completion of the Improvements and the payment in full of the Debt.

• If the Property is sold, through foreclosure or otherwise, prior to the receipt by Lender of the Award, Lender shall have the right, whether or not a deficiency judgment on the Building Loan Note or the Project Loan Note shall have been sought, recovered or denied, to receive the Award, or a portion thereof sufficient to pay the Total Debt.

• Notwithstanding any Condemnation, Borrower shall continue to pay the Total Debt at the time and in the manner provided for its payment in the Building Loan Note and the Project Loan Note and in this Agreement and the Project Loan Agreement.

• The Building Loan shall be evidenced by the Building Loan Note and secured by the Building Loan Mortgage, the Building Loan Assignment of Leases and the other Building Loan Documents.

• The Building Loan Note evidences the indebtedness of Borrower under the Building Loan.

More Definitions of Building Loan Note

Building Loan Note means that certain Building Loan Promissory Note of even date herewith executed and delivered by Borrower to Lender in the original principal amount of up to One Hundred Twenty Eight Million One Hundred Ninety Seven Thousand Eight Hundred Seventy Eight and 00/100 Dollars $(128,197,878.00), as the same may be modified, amended, split, consolidated, replaced, substituted or extended from time to time.

Building Loan Note. Shall have the meaning set forth in the Recitals hereto.

Building Loan Note means "the Building Loan Note and any other evidence of indebtedness secured by this Security Instrument," the word "PROPERTY" shall include any portion of the Property and any interest therein, and the phrases "ATTORNEYS' FEES", "LEGAL FEES" and "COUNSEL FEES" shall include any and all attorneys', paralegal and law clerk fees and disbursements, including, but not limited to, fees and disbursements at the pre-trial, trial and appellate levels incurred or paid by Mortgagee in protecting its interest in the Property, the Leases and the Rents and enforcing its rights hereunder.

Building Loan Note has the meaning provided in the Recitals hereto.

Building Loan Note and (iii) that certain Project Loan Promissory Note dated as of December 22, 2017 in the original principal amount of up to $28,999,837.00 made by Borrower payable to the order of Lender (the “Project Loan Note”; together with the Term Loan Note and the Building Loan Note, and as the same may be further amended, modified or assigned from time to time, collectively, the “Note”). ​

Building Loan Note shall have the meaning as set forth in Section 2.1.3.

Building Loan Note means that certain Second Amended and Restated Building Loan Promissory Note, dated the Third Amendment Effective Date, executed and delivered by Borrower to Lender in the original principal amount of up to One Hundred Twenty-Five Million Three Hundred Forty-Seven Thousand Eight Hundred Seventy-Eight and 00/100 Dollars ($125,347,878.00), as the same may be modified, amended, split, consolidated, replaced, substituted or extended from time to time.