Real Estate Note definition

Real Estate Note means the promissory note dated as at the date of the REAL ESTATE CLOSING in the face amount provided in Section 6.02 hereof issued by the BORROWER to the order of BANK and evidencing the obligation to repay the REAL ESTATE LOAN.

Real Estate Note means the promissory note payable to the order of the Bank evidencing the Real Estate Loan, together with all modifications, extensions, renewals and rearrangements thereof, delivered to the Bank prior to the Effective Date.

Real Estate Note means the Borrowers’ promissory note, payable to the order of the Lender in substantially the form of Exhibit B hereto, as same may be renewed and amended from time to time, and all replacements thereto.

Examples of Real Estate Note in a sentence

• In addition, on or before the date hereof, Borrower shall pay to Bank a fee in the amount of the lesser of (i) Bank’s Cost of Funds Breakage Costs for the existing indebtedness owing to Bank from the Real Estate Loan Borrower which is amended, restated and restructured pursuant to the Real Estate Note, or (ii) the contractual prepayment fee reflected in the loan documents evidencing such existing indebtedness owing to Bank from the Real Estate Loan Borrower.

• To finance the acquisition of the fee title to the Real Estate (Note 1) and certain related costs, Associates obtained a $60,500,000 first mortgage with North Fork Bank.

• The interest rate on the WVEDA Real Estate Note will be adjusted in the 60th and 120th months from the date of Closing, each time to a rate fixed for the next succeeding 59 months equal to the greater of (a) the Index from the third business day prior to the date of adjustment plus 0.75% or (b) a floor (minimum) interest rate or 2.75%.

• This Note has been executed and delivered pursuant to, and is subject to certain terms and conditions in, that certain Amended and Restated Letter Loan Agreement of even date herewith, (said Agreement as previously amended and as it may hereafter be amended or modified from time to time being the "Loan Agreement", the terms defined therein and not otherwise defined herein being used herein as therein defined), and is the "Real Estate Note" referred to therein.

• The monthly payment shall be recalculated in months sixty and one hundred twenty to an amount sufficient for the outstanding principal balance of the WVEDA Real Estate Note, bearing interest at the then applicable rate, to fully amortize over the remaining term.

More Definitions of Real Estate Note

Real Estate Note means that certain Renewal Promissory Note dated the Closing Date to Lender from FAS in the original principal sum of Five Million Two Hundred Seventy Five Thousand Five Hundred and 00/Hundredths Dollars ($5,275,500.00) and all extensions, consolidations and renewals thereof.

Real Estate Note means the Promissory Note dated as of the Closing Date by Borrowers payable to the order of Lender in the original amount of $7,686,000.00.

Real Estate Note has the meaning set forth in Section 3.1.3(b).

Real Estate Note means that certain promissory note of Borrower, of even date herewith, in the maximum amount of $3,500,000.00, payable to the order of Lender, and any and all renewals, extensions, modifications, replacements, substitutions, increases, and rearrangements thereof.

Real Estate Note means the promissory note in the original principal amount of $2,800,000 owed by Cerprobe to the Sellers and secured solely by the Texas Real Estate.

Real Estate Note means the promissory note attached hereto as Exhibit E-2.

Real Estate Note means the $2,238,333.48 Promissory Note in form and content as set forth on Schedule “1.47” attached hereto.