Construction Loan Note definition

Construction Loan Note means any of such Construction Loan Notes.

Construction Loan Note means that certain Amended and Restated Replacement Construction Loan Promissory Note, dated the date hereof, in the principal amount of Six Hundred Twenty Million and No/100 Dollars ($620,000,000), made by Mortgage Borrowers in favor of Mortgage Lender, and as the same hereafter may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Construction Loan Note means one or more promissory notes evidencing the Construction Loan in the aggregate principal amount of up to $[Principal Percent].

Examples of Construction Loan Note in a sentence

• The Borrower shall default in any payment of principal of any Construction Loan Advance or Construction Loan Note when and as due (whether at maturity, by reason of acceleration or otherwise), and such default shall continue unremedied for two (2) Business Days.

• The Borrower shall be obligated to pay interest as provided in the Construction Loan Note.

• The Borrower shall default in the payment of any interest on any Construction Loan Advance or Construction Loan Note or the payment of any other Obligation when and as due (whether at maturity, by reason of acceleration or otherwise), and such default shall continue unremedied for five (5) Business Days.

• Subject to Section 3.1(b)(ii) if any payment under this Agreement or any Construction Loan Note shall be specified to be made upon a day which is not a Business Day, it shall be made on the next succeeding day which is a Business Day and such extension of time shall in such case be included in computing any interest if payable along with such payment.

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More Definitions of Construction Loan Note

Construction Loan Note and “Construction Loan Notes” have the meanings given in Section 2.4(e) of the Financing Agreement.

Construction Loan Note means the Promissory Note in the original principal amount of up to $26,672,740.00 executed and delivered by the Borrower in favor of the Construction Lender as evidenced by the Borrower’s obligations under the Construction Loan Documents.

Construction Loan Note means that certain promissory note dated as of even date herewith made by Declarant to the order of Mortgagee;

Construction Loan Note has the meaning given in Section 2.6 of the Financing Agreement.

Construction Loan Note means that certain First Amended and Restated Promissory Note dated as of date hereof from Borrower to the order of Lender evidencing the Construction Loan Amount.

Construction Loan Note collectively, the Construction Promissory Note, made and delivered by Teton and Raintree, jointly and severally, to Lender pursuant to paragraph 4.1, having a face amount equal to Eight Million Three Hundred Twelve Thousand Five Hundred and No/100 Dollars ($8,312,500), dated as of May 6, 1999, and made payable to order of Lender, as it may from time to time be renewed, amended, restated or replaced, and the Construction Promissory Note, made and delivered solely by Teton to Lender pursuant to paragraph 4.1, having a face amount equal to Twenty-Four Million Nine Hundred Thirty-Seven Thousand Five Hundred and No/100 Dollars ($24,937,500), dated as of May 6, 1999, and made payable to the order of Lender, as it may from time to time be renewed, amended, restated or replaced.

Construction Loan Note means that certain promissory note dated of even date herewith in the original principal amount of the Construction Loan executed by Borrower and made payable to the order of Bank, as it may be amended, modified, extended, renewed, restated or supplemented from time to time. ​