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.
Land Note means the unsecured installment note made by the Company in favor of the Loral in the principal amount of $101,000,000, substantially in the form annexed as Exhibit C to the Purchase Agreement.
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.

Examples of Land Note in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Payments made to purchase land that will not be leased to WDBA were expensed in Michigan Land (Note 11).Where a property cannot otherwise be acquired through voluntary means, MDOT will acquire the property through the condemnation process.

  • The KWRC Project consists of two phases of mixed, commercial and residential development as follows:- KWRC Land Note:* Prior to sub-division to 3 lots (HS(M) 79797, HS(M) 79798 and HS(M) 79799).

  • OWHLF loans in fourth and fifth lien positions after the Glacier Bank/HUD 202 PRAC/TSA Land Note loans.

  • Equity from Xxxxxx Center for Neighborhood Innovation (“JCNI”) amounting to approximately $769,073 given to Owner through JCNI’s “in-kind” contribution of the Property to the Owner by grant deed, and evidenced by the Land Note.

  • As at 30 June 2016, the Group had capital commitments contracted for but no provided for in these financial statement which are as follows: at 30 JuneAt 31December2016 2015HK$’000 HK$’000(Unaudited) (Audited) Acquisition of the Land (Note 14(b)) 174,163 170,246 Acquisition of the a subsidiary — 98,600 174,163 268,846 Charge on Group assets As at 30 June 2016, there are no any bank loans (31 December 2015: Nil) was secured by the Group’s pledged bank deposits (31 December 2015: Nil).


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.
Land Note shall have the meaning set forth in Section 2.2(a)(ii).
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
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.

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.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • 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.

  • 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.”

  • 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.

  • 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 this Deed of Trust, Assignment, Security Agreement and Fixture Filing, as the same may from time to time be extended, amended, restated, supplemented or otherwise modified.

  • 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 the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.

  • 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.