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CDBG Note definition

CDBG Note means the promissory note of even date herewith that evidences Borrower’s obligation to repay the CDBG Loan.
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CDBG Note means the promissory note evidencing the CDBG Loan substantially in the form attached to this Agreement as Attachment No. 4.
Sample 1
CDBG Note means the Promissory Note from the IDB to the County, and assigned by the County to ADECA, in the principal amount of $500,000 dated the date of closing of the CDBG Loan and evidencing the CDBG Loan.
Sample 1

Examples of CDBG Note in a sentence

  • Sales Tax Pledge – The OEDA has pledged 0.5 cents (or 14.29%) of future sales tax revenues to repay$400,000 of an Amended CDBG Note Payable.

  • Any legal action filed in connection with this CDBG Note shall be filed in the Arlington County Circuit Court or in the Federal District Court for the Eastern District of Virginia (Alexandria Division).

  • When Borrower is no longer in default, the Default Rate shall no longer apply, and the interest rate shall once again be the rate specified in the first paragraph of this CDBG Note.

  • This CDBG Note shall bind Borrower and its successors and assigns and shall accrue to the benefit of the County and its successors and assigns.

  • There shall be no amendment to or modification of this CDBG Note except by written instrument executed by Borrower and the County.

  • The Borrower may, without premium or penalty, at any time and from time to time, prepay all or any portion of the outstanding principal balance due under this CDBG Note, provided that each such prepayment is accompanied by accrued interest on the amount of principal prepaid calculated to the date of such prepayment.

  • Any provision of this CDBG Note held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

  • The rights and remedies of the County under this CDBG Note shall be cumulative and not alternative.

  • Neither the failure nor any delay in exercising any right, power or privilege under this CDBG Note will operate as a waiver of such right, power or privilege, and no single or partial exercise of any such right, power or privilege by the County will preclude any other or further exercise of such right, power or privilege or the exercise of any other right, power or privilege.

  • To the maximum extent permitted by applicable law Borrower hereby waives presentment, demand, protest, notices of dishonor and of protest and all defenses and pleas on the grounds of any extension or extensions of the time of payment or of any due date under this CDBG Note, in whole or in part, whether before or after maturity and with or without notice.

Related to CDBG Note

  • Existing Note means a Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.

  • Bridge Note means any promissory note issued by Borrower pursuant to the terms of the Bridge Note Agreement.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • RMB Note means a Note denominated in Renminbi.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Note A shall have the meaning assigned to such term in the recitals.

  • B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

  • Contract Note means a promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit 1.01A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Contract Advances made by such Lender to the Borrower.

  • Supplemental Note means, for each Supplemental Loan (whether one or more), if any, the Multifamily Note secured by the Supplemental Instrument for that Supplemental Loan.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • 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.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Mezzanine Note means the original executed promissory note or other tangible evidence of the Mezzanine Loan indebtedness.

  • Adjustment Note has the meaning given in the GST Legislation;

  • Original Note shall have the meaning assigned to such term in the recitals.

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • Subordinate Note means each B Note.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.

  • Non-Controlling Note means any Note (other than the Controlling Note), including any New Note designated as a “Non-Controlling Note” hereunder pursuant to Section 32.

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Swing Note is defined in Section 1.11 hereof.

Most Referenced Clauses

Most Referenced Definitions