Funding Loan Note definition

Funding Loan Note. As defined in the Funding Loan Agreement.

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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.

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.

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 Outstanding Balance shall mean the principal balance of the Funding Loan which has been advanced by the Funding Lender with respect to this Funding Loan Note under Section 3.4 of the Funding Loan Agreement described below, and that has not been repaid by the Governmental Lender to the Funding Lender as of the date of calculation of the Outstanding Balance.

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

• Certificate No. 1) dated 4 June 2008 in the principal amount of EUR 556,992,836.00 due 3 June 2009 issued under the Variable Funding Loan Note Agreement dated 4 June 2008 between GX CE Funding B.V. (the “Issuer”) and Residential Capital, LLC (the “Holder”).

• The weighted average maturity of the Funding Loan Note does not exceed 120% of the average reasonably expected economic life of the Property financed with the proceeds of the Borrower Loan.

• This Funding Loan Note is one of three Funding Loan Notes issued to evidence obligation of the Governmental Lender to repay the Funding Loan to the Funding Lender.

• The pledge and assignment of the security interest granted in the Security pursuant to this Section 7.1 for the payment of principal of, premium, if any, and interest on the Funding Loan Note, in accordance with its terms and provisions and for the payment of all other amounts due hereunder, shall attach and be valid and binding from and after the time of the delivery of the Funding Loan Note by the Governmental Lender.

• The Funding Loan Note is not and shall not be “federally guaranteed’’ as defined in Section 149(b) of the Code.

• To induce Governmental Lender to issue the Funding Loan Note, Borrower shall pay to Bank all amounts, including principal, interest and premium (if any) that become due and payable on the Funding Loan Note, as and when such amounts become due and payable under the Funding Loan Note.

• The power of attorney granted by the Governmental Lender to the Bank hereunder, being coupled with the Bank’s interest in the Funding Loan, is irrevocable until all of the obligations of Governmental Lender under the Funding Loan Note have been satisfied and discharged in full.

More Definitions of Funding Loan Note

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.

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.

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.

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.

Funding Loan Note means the City of San José’s Multifamily Housing Revenue Note (Vista Park I Apartments) Series 2019C 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.

Funding Loan Note means, collectively, the Series C Funding Loan Note and the Series D Funding Loan Note.