Construction Note definition

Construction Note means the promissory note executed by the Partnership to evidence its obligations with respect to the Construction Loan, which note is or shall be secured by the Construction Mortgage.

Construction Note means that certain promissory note of even date herewith executed and delivered to the Lender by the Borrower in the amount of $27,000,000.00 and pursuant to the terms and conditions provided for in this Agreement and the First Supplement to this Agreement.

Construction Note means the promissory note of the BORROWER in the form of Exhibit B evidencing borrowings under the CONSTRUCTION LOAN of up to a maximum amount of Thirty Two Million Nine Hundred Thousand ($32,900,000.00) Dollars.

Examples of Construction Note in a sentence

• Subject to the terms of this Agreement, Lender agrees to make, and Borrower agrees to take the Construction Loan in the maximum principal amount of up to [$17,316,000] and evidenced by the Construction Note and the Convertible Loan in the maximum principal amount of up to [$5,684,000] and evidenced by the Convertible Note.

• All principal payments made on account of the Construction Loan shall be applied against the Construction Note and all principal payments made on account of the Convertible Loan shall be applied against the Convertible Note.

• RATES - FLORIDA PHYSICAL COLLOCATION‌ Rate Element Description Unit Recurring Rate (RC) Non-Recurring Rate (NRC) Application Fee Per Request $15.53 $3,248.00 Subsequent Application Fee (Note 1) Per Request NA Not to Exceed $1600.00 Space Preparation Fee (Note 2) Per Request NA ICB Space Construction (Note 3) Wire Cage Per first 100 sq.

• Interest shall be paid on the Outstanding principal amount of the Series C-2 Bonds, from the Closing Date until the maturity date of the Series C-2 Bonds, on each Interest Payment Date occurring during such period, at a rate equal to, and calculated in the same manner as, the interest payable on the Construction Note.

• At Bondowner Representative’s option, payments owed by U.S. Bank as swap counterparty under the Swap Contract may be credited against accrued interest and other payments owed by Borrower under the Construction Loan and/or the Construction Note.

More Definitions of Construction Note

Construction Note that certain Promissory Note dated as ----------------- of January 1, 1995 made by Trustor in favor of Beneficiary in the Construction Note Amount, and all replacements, substitutions, modifications, renewals and extensions thereof, which Construction Note is payable on the Maturity Date of the Construction Note."

Construction Note means the promissory note of Borrower in favor of Lender evidencing the Construction Facility provided pursuant to Section 2.3, as such promissory note may be amended, modified, extended, restated, replaced, or supplemented from time to time.

Construction Note means, the Promissory Note in the principal face amount of the Construction Loan Amount dated or to be dated on or prior to the Closing Date, made by the Borrower to the order of the Lender, such Promissory Note to be in form and substance satisfactory to the Lender.

Construction Note has the meaning given in Section 2.1.6 of the Credit Agreement.

Construction Note has the meaning set forth in the Recitals.

Construction Note. The following modification(s) to the certifications, waivers or subordinations included in this Construction section have been pre-approved in writing by Company underwriting counsel:

Construction Note. Means each Construction Note executed in favor of a Bank evidencing the Construction Phase of the Real Estate Loan.