Examples of Xxxxx Note in a sentence
Xxxxx in the amount of $121,500 (the "Xxxxx Note") each become immediately due and payable.
On the day immediately following the Guaranteed Final Completion Date, the Redemption Note and the Xxxxx Guaranty will terminate and have no further force or effect and the Company shall have no further obligation for payment of the obligations evidenced thereby and MLP will look solely to Xxxxx and the Designated Affiliates, the Xxxxx Note and the above-described collateral for the Xxxxx Note as to the payment of any Shortfall.
This Note and the Notes rank pari passu in right of payment with the Principal Balance of the Xxxxx Note and the December 2019 Notes.
Such transfer and assignment includes all scheduled payments of interest and principal due after the Cut-off Date (whether or not received) and all payments of interest and principal received by the Depositor or the Master Servicer on or with respect to the Mortgage Loans (excluding the Additional Xxxxxxxx Xxxxx Note and the Xxxxxx Class B Note) after the Cut-off Date, other than any such payments of interest or principal which were due on or prior to the Cut-off Date.
Notwithstanding any provision of the Xxxxx Note, the Company will pay the Reduced Payment such that Xxxxx shall receive $1,500.00 and Xxxxxxxxx shall receive $3.500.00 at the times and in the manner required by the Xxxxx Note.