Predevelopment Loan Note definition

Predevelopment Loan Note means the promissory note substantially in the form attached to this Agreement as Attachment No. 8A.
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Predevelopment Loan Note means the Predevelopment Loan Note evidencing the Predevelopment Loan in substantially the form attached hereto as Attachment No. 7A and incorporated herein by reference, executed by Developer in favor of the Authority.
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Examples of Predevelopment Loan Note in a sentence

  • The term of this Predevelopment Loan Note shall commence on the date first stated above and shall terminate upon Closing for the conveyance of the Leasehold from City to Borrower, in accordance with the Schedule of Performance (Attachment No. 5 to the DDA)(the “Maturity Date”).

  • This Predevelopment Loan Note evidences the obligation of the Borrower to the City for the repayment of the Predevelopment Loan.

  • All payments of principal under this Predevelopment Loan Note shall be applied to the most remote principal installment then unpaid.

  • On the occurrence of a Default under this Predevelopment Loan Note, the entire unpaid principal balance shall then automatically bear interest at an annual rate equal to the lesser of ten percent (10%) or the highest rate of interest permitted by law (the Default Rate).

  • If this Predevelopment Loan Note is not paid when due, whether on the Maturity Date or on acceleration of this Predevelopment Loan Note, Borrower promises to pay all collection costs, including, but not limited to, attorney fees and court costs, whether or not suit is filed on this Predevelopment Loan Note.

  • Providing dense coverage both between and within all key European cities.

  • The Predevelopment Loan shall be evidenced by and subject to the terms and conditions set forth in the Predevelopment Loan Note (Attachment No. 7A).

  • Borrower and all persons liable or to become liable on this Predevelopment Loan Note waive presentment for payment, protest, and demand; notice of protest, demand, and dishonor; and any and all other notices or matters of a like nature; the benefits of all waivable exemptions; and all defenses and pleas on the ground of any extension or extensions of the time of payment or of any due date under this Predevelopment Loan Note, in whole or in part, whether before or after maturity and with or without notice.

  • Time is of the essence with respect to all obligations of Borrower under this Predevelopment Loan Note.

  • If, under any circumstances, fulfillment of any provision of this Predevelopment Loan Note or any other agreement pertaining to this Predevelopment Loan Note, after timely performance of such provision is due, shall involve exceeding the limit of validity prescribed by law that a court of competent jurisdiction deems applicable, then, ipso facto, the obligations to be fulfilled shall be reduced to the limit of such validity.

Related to Predevelopment Loan Note

  • Loan Note means each Loan Note of the Borrower in the form of Exhibit C attached hereto, payable to the order of a Funding Agent for the benefit of the Lenders in such Funding Agent’s Lender Group, in the aggregate face amount of up to such Lender Group’s portion of the Maximum Facility Amount, evidencing the aggregate indebtedness of the Borrower to the Lenders in such Funding Agent’s Lender Group.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Loan Notes means the promissory notes evidencing the Loans in the aggregate original principal amount of Two Hundred Million Dollars ($200,000,000) executed by Borrower in favor of Lenders, as they may be amended, supplemented, replaced or modified from time to time. The Loan Notes and any replacements thereof shall be substantially in the form of Exhibit C.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Commercial loan means a loan that is not made primarily for

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Permanent Loan means any permanent loan provided by the Permanent Lender to the Partnership pursuant to the terms of the Permanent Loan Documents.

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.