Series B-1 Borrower Note definition

Series B-1 Borrower Note means that certain Multifamily Note, dated the Closing Date, in the original maximum principal amount of $ , made by the Borrower and payable to the Governmental Lender, evidencing the loan of the proceeds of the Series B-1 Governmental Lender Note, as endorsed and assigned by the Governmental Lender without recourse to the Funding Lender, as executed by the Borrower, and as it may thereafter be amended or supplemented from time to time.
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Series B-1 Borrower Note means that certain Multifamily Note, dated the Closing Date, in the original maximum principal amount of $__________, made by the Borrower and payable to the Governmental Lender, evidencing the loan of the proceeds of the Series B-1 Governmental Lender Note, as endorsed and assigned by the Governmental Lender without recourse to the Funding Lender, as executed by the Borrower on the Closing Date, and as it may thereafter be amended or supplemented from time to time.
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Examples of Series B-1 Borrower Note in a sentence

  • The Borrower Loan advances and Funding Loan advances shall be allocated first to the Series B-1 Borrower Note and the related Series B-1 Governmental Lender Note and, once the foregoing have been fully funded, then to the Series B-2 Borrower Note and the related Series B-2 Governmental Lender Note.

  • The Series B-1 Governmental Lender Note shall be payable from payments on the corresponding Series B-1 Borrower Note and the Series B-2 Governmental Lender Note shall be payable from payments on the related Series B-2 Borrower Note.

  • The Series B-1 Governmental Lender Note shall be payable from payments on the corresponding Series B-1 Borrower Note, the Series B-2 Governmental Lender Note shall be payable from payments on the related Series B-2 Borrower Note and the Series B-3 Governmental Lender Note shall be payable from payments on the related Series B-3 Borrower Note.

  • Draws on the Funding Loan and disbursements of the Borrower Loan will initially be attributed to the Series B-1 Governmental Lender Note and the Series B-1 Borrower Note until the maximum principal amount of such notes is funded, and then the Series B-2 Governmental lender Note and the Series B-2 Borrower Note will be drawn down.

Related to Series B-1 Borrower Note

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Revolver Note means any one of such Revolver Notes.

  • Term SOFR Borrowing means, as to any Borrowing, the Term SOFR Loans comprising such Borrowing.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Term Loan Note means a promissory note in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • Term Loan A Note means a promissory note in the form of Exhibit 2.5-3, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Term B-1 Lender means, at any time, any Lender that has a Term B-1 Commitment or a Term B-1 Loan at such time.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.

  • Initial Dollar Principal Amount means $1,000,000,000, or such higher amount as is specified in any Notice of Additional Issuance under Section 2.09 hereof.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.