Governmental Note definition

Governmental Note means the Multifamily Note delivered by the Governmental Lender evidencing the Funding Loan.

Governmental Note means the Multifamily Note dated the Delivery Date, executed by the Governmental Lender and authenticated by the Fiscal Agent in favor of the Initial Funding Lender, in the form attached hereto as Exhibit A, as the same may be amended, restated, supplemented or otherwise modified from time to time, or any mortgage note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.

Governmental Note means the Multifamily Note designated “City of Los Angeles Multifamily Note (Hope on Hyde Park Apartments) Series 2023E dated the Delivery Date, executed by the Governmental Lender and authenticated by the Fiscal Agent in favor of the Funding Lender, in the form attached hereto as Exhibit A, as the same may be amended, restated, supplemented or otherwise modified from time to time, or any mortgage note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.

Examples of Governmental Note in a sentence

• Subject to the provisions of Section 2.03 and Article III hereof, the Governmental Lender will duly and punctually repay, or cause to be repaid, the Funding Loan, as evidenced by the Governmental Note, as and when the same shall become due, all in accordance with the terms of the Governmental Note and this Funding Loan Agreement, to the extent of repayments and prepayments received by the Governmental Lender with respect to the Project Loan.

• This Governmental Note is subject to prepayment as specified in the Funding Loan Agreement.

• Upon the occurrence of an Event of Default, the Fiscal Agent shall, upon the written request of the Funding Lender Representative, by notice in writing delivered to the Governmental Lender (with a courtesy notice given to the Borrower), declare the principal of the Funding Loan, as evidenced by the Governmental Note, and the interest accrued thereon immediately due and payable, and interest shall continue to accrue thereon until such amounts are paid.

• In the event where a Governmental Note shall have matured, instead of delivering a new Governmental Note the Governmental Lender may pay the same without surrender thereof.

• So long as (a) any monthly installment under this Governmental Note remains past due, (b) any other Event of Default has occurred and is continuing, or (c) a Determination of Taxability has occurred and is continuing, interest under this Governmental Note shall accrue on the unpaid principal balance from the earlier of the due date of the first unpaid monthly installment, the occurrence of any other Event of Default, or the occurrence of a Determination of Taxability, as applicable, at the Default Rate.

More Definitions of Governmental Note

Governmental Note means, in connection with a Xxxxxxx Mac Direct Purchase Mortgage Loan, the note from the applicable Governmental Lender payable to Borrower, evidencing the Funding Loan.

Governmental Note is defined in the Recitals of this Continuing Covenant Agreement.

Governmental Note is defined in the Recitals of this Funding Loan Agreement.

Governmental Note has the meaning provided in the Recitals hereto.

Governmental Note means the [ISSUE DESIGNATION] dated ____________, executed by Governmental Lender and authenticated by Fiscal Agent in favor of Initial Funding Lender, as the same may be amended, restated, supplemented or otherwise modified from time to time, or any mortgage note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time. The Governmental Note has been assigned to Funding Lender as of the date of this Instrument.

Governmental Note means the Multifamily Housing Revenue Note (730 Stanyan), Series 2023F, dated the Delivery Date, in the principal amount of $[81,104,569], executed by the Governmental Lender and authenticated by the Fiscal Agent in favor of the Initial Funding Lender, in the form attached hereto as Exhibit A, evidencing the portion of the Funding Loan corresponding to the Project Note, as the same may be amended, restated, supplemented or otherwise modified from time to time, or any mortgage note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.

Governmental Note means the Multifamily Note with designation as Multifamily Housing Revenue Refunding Note (Twin Lakes Family Apartments Project), Series 2020 in the maximum aggregate principal amount of $34,000,000, dated the Delivery Date, executed by the Governmental Lender and authenticated by the Fiscal Agent in favor of the Initial Funding Lender (or at the direction of Initial Funding Lender, in fabor of a custodian acting in a custodial capacity on behalf of Initial Funding Lender), substantially in the form attached hereto as Exhibit A, as the same may be amended, restated, supplemented, or otherwise modified from time to time, or any mortgage note executed in substitution therefor, as such substitute note may be amended, restated, supplemented, or otherwise modified from time to time.