HOME Note definition

HOME Note means the promissory note of even date herewith that evidences Borrower’s obligation to repay the HOME Loan.
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HOME Note means the First Amended and Restated Promissory Note of even date herewith that evidences Borrower’s obligation to repay the HOME Loan.
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Examples of HOME Note in a sentence

  • If the net proceeds are not sufficient to recapture the remaining outstanding principal balance of the HOME Note plus the amount of the down payment made by the homeowner, if any, plus the amount of any capital improvement investment made by the homeowner, then the grant recipient shall recapture a pro rata share of the net proceeds of the sale in lieu of the full remaining outstanding principal balance of the HOME Note.

  • If the remaining outstanding principal balance of the HOME Note plus the amount of the downpayment made by the homeowner, if any, plus the amount of any capital improvement investment made by the homeowner exceeds the amount of net proceeds available as a result of the sale, the Grantee shall recapture a pro rata share of the net proceeds of the sale in lieu of the full remaining outstanding principal balance of the HOME Note.

  • The Original HOME Loan Agreement, as amended by the Amendment to HOME Loan Agreement, is hereinafter referred to as the “HOME Loan Agreement.” The obligations of the Company under the HOME Loan Agreement were secured by the terms of: (i) a HOME Note, dated October 23, 2002, of the Company; and (ii) a Combination Mortgage, Security Agreement and Fixture Financing Statement, dated October 23, 2002 (the “HOME Mortgage”), from the Company to the Agency.

  • The relationship of Borrower and the County under this Amended and Restated HOME Note is solely that of borrower and lender, and the loan evidenced by this Amended and Restated HOME Note and secured by the County Deed of Trust and County Restrictive Covenants will in no manner make the County the partner or joint venture of Borrower.

  • In no event shall any amount due under this Amended and Restated HOME Note become subject to any rights of offset, deduction or counterclaim on the part of the Borrower.

  • Interest on the HOME Note accrues monthly at a rate of 0% per annum.

  • To the maximum extent permitted by applicable law Borrower hereby waives presentment, demand, protest, notices of dishonor and of protest and all defenses and pleas on the grounds of any extension or extensions of the time of payment or of any due date under this Amended and Restated HOME Note, in whole or in part, whether before or after maturity and with or without notice.

  • No waiver by the County of any right or remedy under this Amended and Restated HOME Note shall be effective unless in writing signed by the County Manager at the direction of the County Board.

  • No notice to or demand on Borrower will be deemed to be a waiver of any obligation of Borrower or of the right of the County to take further action without notice or demand as provided in this Amended and Restated HOME Note.

  • Borrower’s failure to make an Annual Loan Payment or provide a Residual Receipts Certificate when due, pursuant to this Amended and Restated HOME Note or the Loan Agreement, provided that an Event of Default shall not exist if such Annual Loan Payment is made or such Residual Receipts Certificate is provided to the County within ten (10) calendar days when due.

Related to HOME Note

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

  • RMB Note means a Note denominated in Renminbi.

  • Contract Note means a promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit 1.01A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Contract Advances made by such Lender to the Borrower.

  • Exchange Note means the Closed-End Exchange Note.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • PLEASE NOTE The Revisor's Office cannot perform research for or provide legal advice or interpretation of Maine law to the public. If you need legal assistance, please contact a qualified attorney.

  • Note A shall have the meaning assigned to such term in the recitals.

  • Bridge Note means a promissory note made by the Borrowers in favor of a Bridge Lender evidencing Bridge Loans made by such Bridge Lender substantially in the form of Exhibit E-2.

  • Lost Mortgage Note Any Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.

  • Destroyed Mortgage Note A Mortgage Note the original of which was permanently lost or destroyed and has not been replaced.

  • Mezzanine Note means the original executed promissory note or other tangible evidence of the Mezzanine Loan indebtedness.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Owned Note shall have the meaning assigned to such term in Section 32.

  • Mortgage-Backed Security means a security issued by the authority which is secured by residential mortgage loans owned by the authority.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • Existing Note means a Note (as defined in the Existing Credit Agreement) that is issued and outstanding immediately prior to the effectiveness of this Agreement.

  • Convertible Note means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument;

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • Master Note means a Master Promissory Note in the form mandated by Section 432(m)(1)(D) of the Higher Education Act, as added by Pub. L. 105-244,ss. 427,112 Stat. 1702 (1998) as amended by Public Law No: 106-554 (enacted December 21, 2000) and as codified at 20 U.S.C.ss. 1082(m)(1).

  • Mortgage-related security means an obligation that is rated AA or higher (or the equivalent) by a securities rating agency recognized by the Securities Valuation Office of the NAIC and that either:

  • Mortgage Note The original executed note or other evidence of indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan.

  • Subordinate Note means each B Note.

  • Senior Note means, for a Supplemental Loan, if any, each Multifamily Note secured by a Senior Instrument.