Chase Note definition
Examples of Chase Note in a sentence
Except as expressly modified herein, the terms, provisions and covenants of the Chevy Chase Note are in all other respects hereby ratified and confirmed and remain in full force and effect.
The Borrower acknowledges and warrants that the Lender has acted in good faith and has conducted in a commercially reasonable manner its relationships with the Borrower in connection with this Agreement and generally in connection with the Financing Documents and the obligations evidenced by the Chevy Chase Note, the Borrower hereby waiving and releasing any claims to the contrary.
Borrower hereby issues, ratifies and confirms the representations, warranties and covenants contained in the Chevy Chase Note, as amended hereby.
The Existing Chase Note is secured by a consolidated mortgage made by the Borrower which is more particularly described in that certain Mortgage Modification and Consolidation Agreement by and among the New York City Industrial Development Agency (the "Agency"), the Borrower and Chase dated as of May 18, 1992 (the "Existing Chase Mortgage") and which encumbers the Mortgaged Property (as hereinafter defined).
All references in the Loan Documents to the “Note” shall hereinafter be deemed to mean and refer to the US Bank Note, the ▇▇▇▇▇ Fargo Note, the Compass Note and the Chevy Chase Note, individually or collectively as the context may require.
Three Dollars and Thirty-Five Cents ($3,845,833.35) as of the date hereof (the "Existing Chase Note").
As used herein, the term "Event of Default" shall mean (i) an Event of Default (as defined in the Chase Note), (ii) a default shall have occurred in the due observance or performance of any of the terms or provisions contained in the BNY Note, or (iii) a default shall have occurred in the due observance or performance of any of the provisions of this Agreement.
The Bank agrees, on the terms and conditions set forth in this Agreement, that as of the Third Closing Date, the Existing Chase Note and the Existing Chemical Note will be consolidated into a single Amended and Restated Term Loan Note consolidating and continuing a loan (the "Amended and Restated Term Loan") to the Borrower in a principal amount of Four Million Dollars ($4,000,000).