Senior Partnership Note definition

Senior Partnership Note means that certain promissory note of even date herewith in the original principal amount of $62,000,000 made by the Mortgagor in favor of the Company, a copy of which is attached to the Senior Note Indenture, and any amendments, extensions, renewals, replacements or restatements thereof.
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Senior Partnership Note means the Note dated as of the date hereof in the principal amount of $62,000,000 made by the Partnership in favor of Funding, evidencing the proceeds of the Funding Notes, and pledged to the trustee under the Funding Note Indenture.
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Examples of Senior Partnership Note in a sentence

  • Mortgagor shall duly and punctually pay the principal of (and premium, if any) and interest on the Senior Partnership Note in accordance with the terms of the Senior Partnership Note and this Mortgage.

  • Without limiting the generality of Section 3.12, nothing in this Mortgage or in the Senior Partnership Note, express or implied, shall give to any Person, other than the parties hereto and their successors and assigns, any benefit or any legal or equitable right, remedy or claim under this Mortgage.

  • In case any provision in this Mortgage or the Senior Partnership Note shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • If an Event of Default (other than an Event of Default specified in Section 5.1(g) or (h) of the Senior Note Indenture) occurs and is continuing, then, and in every such case, Mortgagee may declare the Outstanding Amount of the Senior Partnership Note to be due and payable immediately, by a notice in writing to Mortgagor and upon any such declaration such principal shall become immediately due and payable.

  • If at any time after such declaration of acceleration has been made, but before any judgment or decree for payment of money due on the Senior Partnership Note has been obtained by the Mortgagee, such declaration of acceleration and its consequences has been duly rescinded and annulled in accordance with Section 5.2 of the Senior Note Indenture, then the declaration of acceleration pursuant to this Section 3.2 shall automatically be rescinded and annulled.

  • If an Event of Default specified in such Section 5.1(g) or (h) occurs, the Outstanding Amount of the Senior Partnership Note shall ipso facto become due and payable without any declaration or other act on the part of the Mortgagee.

  • Any such amounts which are not paid within 5 days after demand therefor by Mortgagee shall bear interest at the rate set forth in the Senior Partnership Note from the date of such demand and all such amounts and interest thereon shall be secured by the lien of this Mortgage.

  • Mortgagor will keep proper books of record and account, in which full and correct entries shall be made of all dealings or transactions of or in relation to the Senior Partnership Note and the properties, business and affairs of Mortgagor in accordance with generally accepted accounting principles consistently applied.