Subordinate Note definition

Subordinate Note means each B Note.

Subordinate Note means the promissory note or other evidence of the Subordinate Indebtedness and any replacement of the Subordinate Note.

Subordinate Note. Any Class M1, Class M2, Class M3, Class M4, Class M5, Class M6 or Class M7 Note.

Examples of Subordinate Note in a sentence

• After the endorsement as hereon provided and pledge of this Subordinate Note, this Subordinate Note may not be assigned, pledged, endorsed or otherwise transferred except in accordance with the Subordinate Indenture (as defined herein).

• On and subject to the terms and exceptions set forth in Section 9.13 of the Subordinate Loan Agreement, the obligations under this Subordinate Note are non-recourse to the Borrower and its partners.

• Senior Xxxxxx agrees, notwithstanding the prohibition against inferior liens on the Mortgaged Property contained in the Senior Loan Documents and subject to the provisions of this Agreement, to permit the Subordinate Mortgage and other recordable Subordinate Loan Documents against the Land to secure LIFT’s obligation to repay the Subordinate Note and all other obligations, indebtedness and liabilities of LIFT or LIFT’s Affiliates to Subordinate Lender under and in connection with the Subordinate Loan.

• Pursuant to Section 5.8 hereof, if there are any Outstanding Subordinate Bonds when the Project or any part thereof is taken by Condemnation, the Borrower shall either restore the Project to the extent permitted or required by this Subordinate Loan Agreement, the Subordinate Indenture, the Subordinate Mortgage, or, if Section 8.4 hereof is applicable, exercise its option to prepay the Subordinate Note and the Subordinate Loan pursuant to said Section.

• Under certain circumstances, the Borrower may at its option and may be required to, prepay all or any part of the amount due on this Subordinate Note, together with accrued interest thereon, as provided in the Subordinate Loan Agreement.

More Definitions of Subordinate Note

Subordinate Note means each of Note B-1 and Note B-2.

Subordinate Note means the B Note.

Subordinate Note. Any Class M or Class B Note.

Subordinate Note. Any of the Class M-1 Notes, Class M-2 Notes or Class M-3 Notes.

Subordinate Note. Any [Class MF-1], [Class MF-2], [Class MF-3], [Class MF-4], [Class MF-5], [Class MF-6], [Class MF-7], [Class MF-8], [Class BF], [Class MV-1], [Class MV-2], [Class MV-3], [Class MV-4], [Class MV-5], [Class MV-6], [Class MV-7], [Class MV-8] or [Class BV] Note.

Subordinate Note means a Class B Floating Rate Asset-Backed Subordinate Note issued pursuant to the Indenture, substantially in the form of Exhibit A-4 thereto.

Subordinate Note has the meaning provided in the Recitals hereto. “Monetary Cure Period” has the meaning provided in Section 11(a) hereof.