Trust Note definition

Trust Note. As defined in the Introductory Statement.

Trust Note has the meaning assigned to that term in the Deposit and Disbursement Agreement.

Trust Note means promissory notes of the Trust that may be created and issued from time to time, that are subordinated and unsecured, have a maturity of five years or less, are prepayable at any time at the Trust’s option prior to maturity, and pay an annual rate of interest equal to the Canada Five-Year Yield, payable monthly in arrears;

Examples of Trust Note in a sentence

• Each payment or prepayment of principal of this Note or any other Trust Note shall be made to the holders of the Trust Notes pro rata in accordance with the respective unpaid principal amounts of such holders’ respective Trust Notes.

• In the event that all or any portion of the Premises is sold, transferred, assigned, conveyed or otherwise disposed of, whether voluntarily or involuntarily, other than the lease by the Grantor of a "Dwelling Unit" (a term defined in the Loan Agreement) to an "Eligible Tenant" (a term defined in the Loan Agreement), then the principal sum of the Deed of Trust Note secured hereby shall immediately become due and payable in full.

• The Trust has the right to prepay the principal amount of this Trust Note without penalty on the terms and conditions specified in the Loan Agreement.

• All capitalized terms used in this Trust Note which are not otherwise defined herein have the respective meanings assigned to them in the Loan Agreement.

• This Trust Note has been issued by the Trust in accordance with the terms of the Loan Agreement to evidence the Trust Loan made by the Company to the Trust under the Loan Agreement, to which reference is hereby made for the statement of the terms thereof.

More Definitions of Trust Note

Trust Note means a promissory note, bond, debenture, debt security or similar evidence of indebtedness issued by Skyline Commercial REIT.

Trust Note means that certain Promissory Note of the Company issued on September 8, 2004 with a principal amount of $200,000 made payable to the Rubin Family Irrevocable Stock Trust due on September 30, 0000.

Trust Note means promissory notes of the Realty Trust issued that are subordinated and unsecured, have a maturity of five years or less, are prepayable at any time at the Realty Trust’s option prior to maturity, and pay an annual rate of interest equal to the Canada Five-Year Yield, payable monthly in arrears;

Trust Note means Unsecured Note, dated March 12, 1998, of the Company payable on demand to Xxxxxx Trust and Savings Bank

Trust Note means the Secured Promissory Note, dated as of the date hereof, issued by the Borrower to the order of The Russell M. Solomon and Doris E. Solomon 1994

Trust Note means the promissory note, in the principal amount of $4,000,000, to be distributed to the Creditor Trust pursuant to Section IV.E.4, substantially in the form of Exhibit I.A.106 to the Plan.

Trust Note means an Unsecured Promissory Note to be issued by the Purchaser and Banker Steel (jointly and severally) in favor of Banker Family Trust, in an amount equal to the Closing Trust Note Amount (and potentially adjusted following the Closing pursuant to Section 6.14).