Variable Facility Note definition

Variable Facility Note means, the promissory note, in the form attached as Exhibit I to this Agreement, which has been issued by the Borrower Parties to the Lender to evidence the Borrower Parties’ obligation to repay Variable Advances.

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Variable Facility Note means the promissory note (together with all schedules, riders, allonges, addenda, renewals, extensions, amendments and modifications thereto), which has been issued by Borrower to Lender to evidence Borrower’s obligation to repay Variable Advances, and which promissory note will be the same or substantially similar in form to the promissory note issued by Borrower to Lender in connection with the Variable Advance made on the Initial Closing Date.

Variable Facility Note means, individually and collectively, promissory notes, each in the form attached as Exhibit C to the Agreement, which have been issued by Borrower to Lender to evidence Borrower's obligation to repay Variable Advances.

Examples of Variable Facility Note in a sentence

The Variable Facility Fee shall be payable in advance, in accordance with the terms of the Variable Facility Note.
The obligation of the Borrower to repay the Variable Advances will be evidenced by the Variable Facility Note.
The Variable Facility Note shall be payable to the order of Lender and shall be made in the amount of the Variable Facility Commitment.
The Variable Facility Note shall be payable to the order of the Lender and shall be made in the amount of the Variable Facility Commitment.
The Lender’s failure to do so shall not invalidate the Advance Confirmation Instrument or otherwise affect in any way any obligation of the Borrower to repay Variable Advances in accordance with the Advance Confirmation Instrument, the Variable Facility Note or the other Loan Documents, but is merely meant to facilitate evidencing the date of funding and to confirm that the Advance Confirmation Instrument is not effective until the date of funding.
The Adjustable Rate shall change on each Rate Change Date until the Advance is repaid in accordance with the applicable Variable Facility Note.
Interest accrued through the end of each month shall be payable two (2) Business Days before the first day of the following month as more particularly set forth in the applicable Variable Facility Note.
Not later than four (4) Business Days before the Closing Date for a Rollover Variable Advance, Borrower shall execute and deliver to Lender a fully executed DMBS Refinance Confirmation Form (in the form attached to the applicable Variable Facility Note).
The obligation of Borrower to repay shall be evidenced by the Variable Facility Note.
Not later than four (4) Business Days before the Closing Date for a Rollover Variable Advance, Borrower shall execute and deliver to Lender a fully executed DMBS Refinance Confirmation Form (in the form attached to the Variable Facility Note).

More Definitions of Variable Facility Note

Variable Facility Note means the promissory notes (together with all schedules, riders, allonges, addenda, renewals, extensions, amendments and modifications thereto), which have been issued by Borrower to Lender to evidence Borrower’s obligation to repay Variable Advances, and with respect to a Variable Structured ARM Advance, the promissory note will be the same or substantially similar in form to the promissory note issued by Borrower to Lender in connection with the Variable Structured ARM Advance made on the Initial Closing Date and with respect to a Variable DMBS Advance, the promissory note will be in the then current form of promissory note utilized by ▇▇▇▇▇▇ ▇▇▇ for loans with a DMBS execution.

Variable Facility Note means the promissory note, in the form attached as Exhibit C-l or Exhibit C-2 to the Agreement, which has been issued by Borrower to Lender to evidence Borrower’s obligation to repay SARM Variable Advances.

Variable Facility Note means a promissory note, in the form attached as Exhibit C-1 or Exhibit C-2 to the Agreement (as such form may be modified from time to time), which will be issued by Borrower to Lender, concurrently with the funding of each Variable Advance.

Variable Facility Note means, the promissory note, in the form attached as EXHIBIT I to this Agreement, which has been issued by the Borrower Parties to the Lender to evidence the Borrower Parties' obligation to repay Variable Advances.