Examples of Mortgage Loan Note in a sentence
Upon the Mortgage Loan becoming a Defaulted Mortgage Loan, Note A-2 Holder hereby acknowledges the right and obligation of the Note A-1 Holder (or the Special Servicer acting on behalf of the Note A-1 Holder) to sell Note A-2 together with Note A-1 as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement.
Changes in the rate of interest applicable to the Mortgage Loan Note shall become effective automatically and without notice at the time of changes in the Base Rate.
At Bank's option, this Mortgage Loan Note shall become immediately due and payable in full upon the happening of any Event of Default.
In the event that Bank demands or accepts partial payments of this Mortgage Loan Note, such demand or acceptance shall not be deemed to constitute a waiver of the right to demand the entire unpaid balance of this Mortgage Loan Note at any time in accordance with the terms hereof.
This Mortgage Loan Note is subject to the late charges provided in the Credit Agreement.