Delivery Assurance Note definition
Delivery Assurance Note means that certain Promissory Note (Delivery Assurance Fee) made by Borrower to the order of CCRC, executed as of even date herewith.
Delivery Assurance Note means that certain Delivery Assurance Note dated as of even date herewith, executed by Borrower for the benefit of Bondowner Representative.
Delivery Assurance Note means, for each Project, the agreement between the Borrower and the DUS Lender setting forth the Borrower's obligations to pay the Delivery Assurance Fee if the Permanent Mortgage Loan is not delivered in accordance with the terms of the Forward Commitment. An example of the current form of Delivery Assurance Note is attached hereto as Exhibit F.
Examples of Delivery Assurance Note in a sentence
The indebtedness evidenced by the Delivery Assurance Note shall be subordinate to the Loan and the Delivery Assurance Deed of Trust shall be subordinate to liens securing all construction and acquisition financing for the Project, including, without limitation, liens in connection with the Loan.