Interim Promissory Note definition
Examples of Interim Promissory Note in a sentence
Interim Promissory Note for Line of Credit of even date herewith payable to the order of Lender executed by Borrower, in the principal amount of ONE MILLION TWO HUNDRED THOUSAND AND 00/100 ($1,200,000.00) DOLLARS.
Any and all obligations and provisions contained in this Memorandum of Agreement concerning repayment of the Facility Note or Interim Promissory Note, and the security therefor (collectively, the "Notes and Security Provisions"), shall survive termination of this Memorandum of Agreement.
If any Event of Default described in clause (v) above occurs, CEG's commitments under this Agreement shall automatically terminate and any outstanding Interim Promissory Note and all of the Tribe's and the Authority's other obligations to CEG under this Agreement shall immediately become due and payable.
This Agreement and any Interim Promissory Note shall be deemed entered into in Madera County, California.
Disputes between the Tribe Developer/Manager with respect to this Memorandum of Agreement or the Interim Promissory Note, or a party's performance hereunder, shall be resolved by the following dispute resolution process:.
SHINGLE SPRINGS shall adopt a resolution (the "SHINGLE SPRINGS Resolution") reciting that is the governing law of SHINGLE SPRINGS that the Management Agreement, Loan Agreement, Note, Interim Promissory Note, Security and Reimbursement Agreement, Development and the exhibited documents attached thereto are the legal and binding obligations of SHINGLE SPRINGS, valid and enforceable in accordance with their terms.
TRIBE Tribal Council has given the Tribal President authority to enter into this Agreement, the Management Agreement, the Interim Promissory Note and all other instruments and agreements executed in connection with this Agreement.
In addition, FHRI shall not be obligated to make any loan advance to TRIBE pursuant to this Agreement unless and until FHRI receives the duly authorized and executed versions of the Security and Reimbursement Agreement, and the Interim Promissory Note.
NMED agrees to loan funds to the Borrower to pay for approved costs to plan, acquire and construct the Project, in an amount not to exceed: Twenty Five Million Dollars ($25,000,000) (Loan Amount) at the interest rate of 0.01% annually upon the terms and conditions set forth in this Agreement and the Interim Promissory Note.
The term of this Agreement shall begin on the date this Agreement, the Development Agreement and the Interim Promissory Note and Security and Reimbursement Agreement are approved by the Chairperson of the NIGC, and/or the BIA, if required, and continue for a period of five (5) years after the Commencement Date.