Funding Loan Note definition

Funding Loan Note means the promissory note executed by the Governmental Lender in favor of Baypoint Family Apartments, LLC, in the initial principal amount of $3,500,000 evidencing the Funding Loan.
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Funding Loan Note means the promissory note evidencing the Funding Loan, executed by the Governmental Lender in favor of the Bank, in the form attached hereto as Exhibit A.
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Funding Loan Note. As defined in the Funding Loan Agreement.
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Examples of Funding Loan Note in a sentence

  • The Funding Loan and this Funding Loan Note are pass-through obligations relating to the Borrower Loan made by Governmental Lender from the proceeds of the Funding Loan to the Borrower under the Borrower Loan Agreement.

  • The rights, remedies and options of Bank under this Funding Loan Note and the Funding Loan Documents are and shall be cumulative and are in addition to all the rights, remedies and options of the Bank at law or in equity or under any other agreement.

  • This Funding Loan Note shall be governed by and be payable in accordance with the terms and conditions of the Funding Loan Agreement dated as of _ 1, 2016 (the "Funding Loan Agreement"), among the Bank, the Governmental Lender and U.S. Bank National Association, in its capacity as fiscal agent (“Fiscal Agent”) pursuant to which the Bank has made the Funding Loan to the Governmental Lender.

  • The Governmental Lender agrees that Bank shall have the right to assign all of its rights under this Agreement, and under all instruments and documents executed by the Governmental Lender pursuant to this Agreement, to an Affiliate of Bank, or to a subsequent owner of all of the Funding Loan Note and the Funding Loan as permitted under Section 4.3 or an Affiliate thereof.

  • No delay or omission on the part of Bank in exercising any remedy, right or option under this Funding Loan Note or the Funding Loan Documents shall operate as a waiver of such remedy, right or option.

  • If the principal balance of this Funding Loan Note is accelerated following an Event of Default (as defined in the Funding Loan Agreement), the Bank may increase the interest rate on this Funding Loan Note to the Default Rate (as defined in the Borrower Loan Agreement).

  • Interest on the Funding Loan Note shall be computed as provided for the Borrower Loan in the Borrower Loan Agreement.

  • The Outstanding Balance of this Funding Loan Note shall be due and payable in its entirety on [ 1, 20__].

  • The Governmental Lender may, at any time, prepay the principal amount of this Funding Loan Note to the same extent and subject to the terms and conditions set forth in the Borrower Loan Agreement for the prepayment of the Borrower Loan.

  • Monthly payments of principal and interest shall be payable under this Funding Loan Note to the same extent as payments of principal and interest are due and payable on the Borrower Note, as provided in the Borrower Loan Agreement.


More Definitions of Funding Loan Note

Funding Loan Note means collectively (i) the Tax Exempt Funding Loan Note and (ii) the Taxable Funding Loan Note which is issued on the Closing Date by the Governmental Lender in favor of the Bank, in the form(s) attached hereto as Exhibit A, as amended and supplemented from time to time.
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Funding Loan Note means the City of Los Angeles’ Multifamily Mortgage Revenue Note (Summit View Apartments) Series 2022BB which is issued on the Closing Date by the Governmental Lender in favor of the Bank, in the form attached hereto as Exhibit A, as amended and supplemented from time to time.
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Funding Loan Note means the Series 2021CC Note which is issued on the Closing Date by the Governmental Lender in favor of the Bank, in the form attached hereto as Exhibit A, as amended and supplemented from time to time.
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Funding Loan Note means, collectively, the Series C Funding Loan Note and the Series D Funding Loan Note.
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Funding Loan Note means the promissory note, in the maximum principal amount of $[PAR AMOUNT], evidencing the Funding Loan, executed by the Governmental Lender in favor of the Bank, in the form attached hereto as Exhibit A.
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Related to Funding Loan Note

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Term Loan as defined in Section 2.1.

  • Funding Loan Documents means (i) this Funding Loan Agreement, (ii) the Borrower Loan Agreement, (iii) the Regulatory Agreement, (iv) the Tax Certificate, (v) the Borrower Loan Documents, (vi) all other documents evidencing, securing, governing or otherwise pertaining to the Funding Loan, and (vii) all amendments, modifications, renewals and substitutions of any of the foregoing.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.