Examples of County Notes in a sentence
The Parties agree that except as expressly provided in Section 3(i) of the County Notes, the County Notes shall be non-recourse to the Borrower.
The County Board shall have the right to declare and cause all indebtedness of the Borrower to the County Board under this Agreement and the Amended and Restated County Notes, together with any accrued interest thereon, to become immediately due and payable.
Borrower’s failure to pay all outstanding principal and accrued interest on the County Loans, together with any other sums evidenced by the County Notes or secured by the County Deed of Trust and/or any other County Loan Documents, when immediately due and payable in full pursuant to this Agreement and the County Loan Documents.
The County Board shall have the right to declare and cause all indebtedness of the Borrower to the County Board under this Agreement and the County Notes, together with any accrued interest thereon, to become immediately due and payable.
The Parties agree that except as expressly provided in Section 3(i) of the Amended and Restated County Notes, the Amended and Restated County Notes shall be non-recourse to the Borrower.
Any reimbursement to the County will be counted toward repayment of the amount owed on the County Note[s], with such payment first applied toward any interest accrued before reduction of the principal balance.
Borrower’s obligation to repay the County Loans, as evidenced by the County Notes, is secured by the County Deed of Trust which is recorded as a lien against the Property, junior in lien priority only to the deeds of trust securing the Senior Debt.
Borrower’s obligation to repay the County Loans, as evidenced by the Amended and Restated County Notes, is secured by the Amended and Restated County Deed of Trust which is recorded as a lien against the Property, junior in lien priority only to the deed of trust securing the Senior Lender Loan.
Borrower’s failure to pay all outstanding principal and accrued interest on the County Loans, together with any other sums evidenced by the Amended and Restated County Notes or secured by the Amended and Restated County Deed of Trust and/or any other Amended and Restated Loan Documents, when immediately due and payable in full pursuant to this Agreement and the Amended and Restated Loan Documents.