Building Loan Notes definition
Examples of Building Loan Notes in a sentence
At the time such Purchaser was offered the Securities, it was, and as of the date hereof it is, and on each date on which it exercises any Warrants or converts any shares of Preferred Stock it will be either: (i) [an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act or (ii) a “qualified institutional buyer” as defined in Rule 144A(a) under the Securities Act.
These centers are responsible for providing free judicial advice and assistance to vulnerable populations throughout the country.
This Agreement and the other Building Loan Documents are subject to the express condition that at no time shall Borrower Entities be obligated or required to pay interest on the Building Loan or loan charges at a rate which could subject the holder of the Building Loan Notes to either civil or criminal liability as a result of being in excess of the Maximum Rate permitted by applicable law.
This Agreement and all covenants, agreements, representations and warranties made herein and in the certificates delivered pursuant hereto shall survive the making by Lenders of the Building Loan and the execution and delivery to Lenders of the Building Loan Notes (regardless of any investigation made by Lenders or on their behalf), and shall continue in full force and effect so long as all or any part of the Building Loan is outstanding and unpaid.
This Security Instrument and the Building Loan Note shall, at any time until the same shall be fully paid and satisfied, at the sole election of Mortgagee, be split or divided into two or more Building Loan Notes and two or more security instruments, each of which shall cover all or a portion of the Property to be more particularly described therein.
Provisions relating to LIBOR-based Loans, including, without limitation, increased costs, inability to determine any LIBOR Rate, illegality, treatment of affected Building Loans, compensation for broken funding, Taxes and replacement of Lenders shall be subject to the terms of the Building Loan Notes and Section 2.7 of the Project Loan Agreement, which is hereby incorporated by reference.
This Security Instrument and the Building Loan Note shall, at any time until the same shall be fully paid and satisfied, at the sole election of Mortgagee at any time after the occurrence of an Event of Default, be split or divided into two or more Building Loan Notes and two or more security instruments, each of which shall cover all or a portion of the Property to be more particularly described therein.
This Note is one of the Building Loan Notes referred to in the Credit Agreement, the terms of which are incorporated herein, and its maturity is subject to acceleration upon the terms set forth in the Credit Agreement.
Building Loan Documents (other than any Building Loan Notes) and the NYTC Completion Guaranty may be signed by facsimile.
Any sums so expended by Agent shall be paid by Borrower to Agent on demand, with interest thereon at the Default Rate until paid; and Borrower shall execute such notes or amendments to the Building Loan Notes as may be requested by Agent to evidence Borrower’s obligation to pay such excess costs and until such notes or amendments are so executed by Borrower, Borrower’s obligation to pay such excess costs shall be deemed to be evidenced by this Agreement.