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 Note replaces the Initial Predevelopment Loan Note, consolidates the Initial Predevelopment Loan, Second Predevelopment Loan, Development Loan, and Agency AHP Gap Loan (collectively, the “Agency Loans”), and requires SCH to repay the Agency Loans as follows: During the thirty (30) year period commencing on the date the Note is executed, SCH will be required make annual payments out of its residual receipts from operating the Park.

  • This Predevelopment Loan Note shall be governed by and construed in accordance with the laws of the State of California.

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

  • Borrower hereby agrees to pay all costs and expenses, including reasonable attorney's fees, which may be incurred by the holder hereof, in the enforcement of this Predevelopment Loan Note or any term or provision of either thereof.

  • 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.

  • 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, under any circumstances, City shall ever receive as interest an amount that exceeds the highest lawful rate, the amount that would be excessive interest shall be applied to reduce the unpaid principal balance under this Predevelopment Loan Note and not to pay interest, or, if such excessive interest exceeds the unpaid principal balance under this Predevelopment Loan Note, such excess shall be refunded to Borrower.

  • 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.

  • 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”).

  • 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.

Related to Predevelopment Loan Note

  • Loan Note means any loan note issued in accordance with the arrangements for any loan note alternative in the Scheme or, as the case may be, the Offer.

  • 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 in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.

  • 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 of the Borrower in favor of each Lender evidencing the Loans made to the Borrower and substantially in the form of Exhibit 2.6(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • 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 the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(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 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.

  • Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

  • 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(N)(2) 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 shall have the meaning assigned to that term in Section 2.16.1.

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