Examples of RC Note in a sentence
The Operating Partnership closed on the Loan Purchase and Sale Agreement on March 5, 1997, purchasing the RC Note.
On December 22, 1996, the Operating Partnership entered into an agreement to purchase Ameritech's subordinate note (the "RC Note") for $6,490,000 and an option to purchase AIT's interest in Manalapan (the "Option").
In all events, the principal amount owing by the Borrower to each Lender in respect of such Lender's RC Note shall be the aggregate amount of all RC Loans made by such Lender thereunder less all payments of principal thereon made by the Borrower.
Further, it is our opinion that amounts designated as interest by the RC Note will be treated as interest for purposes of the 75 percent and 95 percent gross income tests of section 856(c).
The principal of this RC Note is prepayable in the amounts and under the circumstances, and its maturity is subject to acceleration upon the terms, set forth in the Agreement.