Examples of Project Loan Notes in a sentence
Project Loan Notes and Permanent Notes shall be issued to finance the Development Cost of Non-Permanently Financed Projects and Permanently Financed Projects, respectively.
This Assignment and all covenants, agreements, representations and warranties herein made shall survive the making by Lenders of the Loans and the execution and delivery to Lenders of the Building Loan Notes and the Project Loan Notes (regardless of any investigation made by Lenders or on their behalf), and shall continue in full force and effect so long as all or any part of the Loans is outstanding and unpaid.
Project Loan Notes and Permanent Notes shall be issued to finance the development cost of non-permanently financed projects and permanently financed projects, respectively.
Project Loan Notes and Permanent Notes shall be issued to finance the Development Cost of Non-Permanently Financed Projects and Permanently Financed projects respectively.
This results in a non-cash transac- Dr. Cr. 1.To record the remittance of excess financing over ADCC or AMCC: 2122 – Project Loan Notes (HUD)$5,000 2311 – Permanent Notes (HUD)5,000 1111.1 – General Fund (Development/Operations) - CASH forgives the debt, upon request by the PHA, after an ADCC/AMCC has been submitted.
The balance for Project Loan Notes (HUD) resides in HUD Account 2122.
Those certain Project Loan Notes of even date herewith from Borrower and New FC Member in favor of (i) Agent in the principal amount of $24,473,684.20, (ii) Capmark Bank in the principal amount of $15,789,473.69 and (iii) Sumitomo Mitsui Banking Corporation in the principal amount of $19,736.842.11.
This Agreement and all covenants, agreements, representations and warranties made herein and in the certificates delivered pursuant hereto shall survive the making by Lenders of the Project Loan and the execution and delivery to Lenders of the Project Loan Notes (regardless of any investigation made by Lenders or on their behalf), and shall continue in full force and effect so long as all or any part of the Project Loan is outstanding and unpaid.
This Agreement and the other Project Loan Documents are subject to the express condition that at no time shall Borrower Entities be obligated or required to pay interest on the Project Loan or loan charges at a rate which could subject the holder of the Project Loan Notes to either civil or criminal liability as a result of being in excess of the Maximum Rate permitted by applicable law.
Any sums so expended by Agent shall be paid by Borrower to Agent on demand, with interest thereon at the Default Rate until paid; and Borrower shall execute such notes or amendments to the Project Loan Notes as may be requested by Agent to evidence Borrower’s obligation to pay such excess costs and until such notes or amendments are so executed by Borrower, Borrower’s obligation to pay such excess costs shall be deemed to be evidenced by this Agreement.