Land Note definition

Land Note means the Horizontal Land Note, in the original principal amount of $1,080,000, payable to WSI and given as consideration for the purchase of the Project Land.
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Land Note means the unsecured instalment note made by the Borrower in favour of Loral in the principal amount of US$101 million substantially in the form annexed as Exhibit C to the Purchase Agreement.
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Land Note shall have the meaning set forth in Section 2.2(a)(ii).
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Examples of Land Note in a sentence

  • Purchaser and MDA will have at Closing sufficient funds available (through credit arrangements or otherwise), including the ability to deliver Substitute Letters of Credit and the Land Note LC, to pay the Purchase Price and consummate the transactions contemplated hereby.

  • Concurrently with the formation of the Company, the Xxxxx Member, to the extent that the Xxxxx Member owns any of the following items, shall contribute to the Company the Project Land (subject to the Land Note as contemplated in Section 3.1(b) below) and all other rights, interests and assets appurtenant to the Project Land included in the Project and acquired pursuant to the Land Agreement with the Project Land.

  • OurPeopleFair values of non-financial assets categorised by level of inputs used to compute fair value are: 2015-16 Level 1$’000 Level 2$’000 Level 3$’000Total FairValue$’000Asset Classes Land (Note 10)-4 932-4 932Buildings (Note 10)--4 4524 452Infrastructure (Note 10)--359359Plant and Equipment (Note 10)--3 0013 001Transport Equipment (Note 10)--348348Computer Hardware (Note 10)--1515Intangibles (Note 11)--858858Total Fair Value-4 9329 03313 965 5.

  • The Consolidated Note will be signed, delivered and accepted for the purpose of consolidating, amending and restating the Construction Note and the Land Note, but not in payment, settlement, satisfaction or discharge of the Construction Note and the Land Note or the indebtedness evidenced by the Construction Note and the Land Note, all of which indebtedness continues in full force and effect and will be evidenced by the Consolidated Note as soon as it is signed and delivered to Lender.

  • A proposed or pending acquisition or disposition of land by the municipality or local board – Sale of Land Note: Committee did not move into Closed Session to consider the above noted matter but acknowledged and consented to this matter in Open Session.

  • Payments made to purchase land that will not be leased to WDBA were expensed in Michigan Land (Note 10).

  • The principal amount of the Land Note shall be calculated in accordance with the categories in the definition of "Land Note" and shall be automatically adjusted upon the modification of the amount of the hard costs of the Permitted Construction Project prior to the issuance of the final certificate of occupancy for such Permitted Construction Project.

  • Neither Seller, on the one hand, nor Purchaser, on the other hand, shall have any right to set-off any Losses against any payments to be made by such party or parties pursuant to this Agreement, the Land Note, the Transaction Documents, or any other agreement between the parties other than the Land Note to the extent provided in Section 10.9 .

  • Production facilities 46,560 152,117 21,290 - - - - Equipment 5,400 21,600 19,800 - - - - Office space 23,940 95,760 39,900 - - - - Temporary housing 18,900 24,300 - - - - - Land (Note 16) 80,000 320,000 320,000 320,000 320,000 320,000 7,440,000 Total 174,800 613,777 400,990 320,000 320,000 320,000 7,440,000 During the year ended December 31, 2017, the Company entered into agreements for the supply of material and labour to build greenhouses.

  • This means that multiple office holding occurs more frequently (Weekers et al.


More Definitions of Land Note

Land Note means the Horizontal Land Note, in the original principal amount of $2,520,000.00, which is payable to WSI and given as consideration for the purchase of the Project Land. 1.65 Liquidating Member. “Liquidating Member” shall have the meaning set forth in Section 9.3 of this Agreement.
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Land Note means that certain promissory note in the principal amount of $769,073 payable to the order of JCNI by Owner for Owner’s purchase of the Property.
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Land Note means, as to the initial land to be developed by the Company, the Horizontal Land Note, in the original principal amount of $2,520,000.00, which is payable to WSI and given as consideration for the purchase of the initial Project Land. If the Company elects to develop additional land, the term “Land Note” shall in turn refer to such subsequent Horizontal Land Note(s) given as consideration for the purchase of the additional land to be developed. 7 1.65 Liquidating Member. “Liquidating Member” shall have the meaning set forth in Section 9.3 of this Agreement.
Sample 1
Land Note means the Vertical Land Note (whether one or more), in the original principal amounts of $920,610.00 [$980,000.00 discounted at AFR of 4.5% based on projected payoff schedule; subject to changes in AFR], payable to WSI and given as consideration for the purchase of the Project Land. 1.63
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Related to Land Note

  • 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.

  • 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.

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

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

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

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

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

  • Underlying Agreement means an agreement that is an underlying agreement for the purposes of paragraph 48 or Schedule 6 to the Act.

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

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • Mortgage Loan Purchase Agreement The agreement between the Seller and the Depositor, regarding the transfer of the Mortgage Loans by the Seller to or at the direction of the Depositor, substantially in the form of Exhibit D annexed hereto.

  • Mortgage Notes means, collectively, the promissory notes aggregating $310,000,000 principal amount issued pursuant to the Mortgage Note Agreements, dated December 12, 1991 and executed by the Operating Partnership, together with and any loan agreement and security documents executed in connection therewith, any and all instruments given in renewal, extension, modification, or rearrangement of or in substitution or replacement for any one or more of the foregoing described promissory notes and other documents, whether given to the original purchaser thereof (or its designee) or any other Person and other documents.

  • 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).

  • Municipal security means a secu- rity that is a direct obligation of or issued by, or an obligation guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate in- strumentality of one or more States or political subdivisions thereof.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Subsequent Mortgage Loan Purchase Agreement The agreement between the Depositor and the Seller regarding the transfer of the Subsequent Mortgage Loans by the Seller to the Depositor.

  • Deed of Trust means each deed of trust, deed to secure debt or mortgage (fee), security agreement, assignment of leases and rents (if required by applicable law) and financing statement executed and delivered pursuant to Section 7.13, as the same shall be amended, supplemented, restated or otherwise modified from time to time.

  • Demand Note means the note issued by the rating authority, in relation to the premises for the purpose of levying non-domestic rates prescribed by Scottish Ministers for the financial year, in respect of which a claim is made under this Determination;

  • 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:

  • Second Mortgage Loan A Home Equity Loan which constitutes a second priority mortgage lien with respect to the related Property.

  • Assignment of Leases and Rents means that certain Assignment of Leases and Rents of even date herewith by and between Borrower and Lender.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • 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.

Most Referenced Clauses

Most Referenced Definitions