Examples of Restated Promissory Note II in a sentence
JMB shall apply any amounts received from Maker as prepayments in accordance with Section 5 above to reduce Maker's outstanding indebtedness under the JMB Note the Restated Promissory Note I, the Restated Promissory Note II or this Restated Promissory Note III, in such order as JMB, in its sole discretion, shall elect.
Subject to Sections 6 and 17(a) hereof, Maker reserves the privilege to prepay this Restated Promissory Note II in full or in part without premium or penalty.
All payments (whether of principal, interest or other amounts) which are applied at any time by the holder hereof to indebtedness evidenced by this Restated Promissory Note II, prior to an event of default, shall be allocated by the holder first to expenses or other similar items, next to accrued interest, and then to principal, and, after an event of default, may be allocated by the holder to principal, interest or other amounts as the holder may determine in the holder's sole discretion.
Acceptance of, or acquiescence in, a course of performance rendered under this or any prior agreement between the parties or their affiliates shall not be relevance or admissible to determine the meaning of any of the terms of this lease.
This Restated Promissory Note II is secured by the Third Amended and Restated Security Agreement.
JMB shall apply any amounts received from Maker as a prepayment under Section 5 above to reduce Maker's outstanding indebtedness under the Restated Promissory Note I, this Restated Promissory Note II, the Restated Promissory Note III or the JMB Note, in such order, as JMB, in its sole discretion, shall elect.
The headings of the paragraphs of this Restated Promissory Note II are inserted for convenience only and shall not be deemed to constitute a part hereof.
Each payment (including prepayments) of principal of, or interest on, this Restated Promissory Note II shall be made in Dollars by the Maker to JMB at its office in Chicago, not later than noon, Chicago time, on the date due therefor; and funds received after that hour shall be deemed to have been received by JMB on the next following Business Day.
JMB shall apply any amounts received from Maker as prepayments in accordance with Section 7 above to reduce Maker's outstanding indebtedness under the JMB Note, this Restated Promissory Note I, the Restated Promissory Note II or the Restated Promissory Note III, in such order as JMB, in its sole discretion, shall elect.
The Maker represents and agrees that the proceeds of the Loan evidenced by this Restated Promissory Note II have been used for purposes specified in 815 ILCS 205/4(1)(c), and that the indebtedness evidenced hereby constitutes a business loan which comes within the purview of said 815 ILCS 205/4(1)(c) and is not usurious.