Examples of Guarantor Note in a sentence
Correspondence Address of Guarantor : Mobile No. Aadhar Card No. E-mail : PAN No.: Date : Signature of Guarantor Note : Both the Guarantors should be resident of Mumbai Metropolitan Region (MMR).
Each Borrower agrees that the proceeds of its Initial Loan shall be used by such Borrower solely for: (a) payment of fees and Expenses incurred in connection with this Agreement; (b) with respect to each Mortgagor, refinancing or termination on the Closing Date of first and second lien mortgages securing Indebtedness of such Mortgagor; (c) with respect to AdCare Holdco, funding of the RHP Guarantor Note; and (d) general corporate purposes.
Borrower will not amend, supplement, restate or otherwise modify any of the terms of the Guarantor Note without the prior written consent of the Majority Lenders.
If by the terms hereof or of any Guarantor Note, the Subsidiary Guarantor is at any time required or obligated to pay interest in excess of such maximum rate, then the rate of interest applicable hereunder or thereunder shall be deemed to be immediately reduced to such maximum rate and the interest payable shall be computed at such maximum rate.
Each Borrower agrees that the proceeds of its Loan shall be used by such Borrower solely for: (a) payment of fees and Expenses incurred in connection with this Agreement; (b) with respect to each Mortgagor, refinancing or termination on the Closing Date of first and second lien mortgages securing Indebtedness of such Mortgagor; (c) with respect to AdCare Holdco, funding of the RHP Guarantor Note and (d) general corporate purposes.