Examples of Promissory Note in a sentence
I further agree that in the event of a default of this Promissory Note, the District shall not only be entitled to repayment as described above, but shall also be entitled to reimbursement of all costs and fees, including reasonable attorney’s fees, incurred by the Board of Education in collecting the balance due.
In Dear Colleague Letter CB-03-13, dated August 2003, the Department issued an electronic version of the Xxxxxxx Master Promissory Note (Xxxxxxx eMPN).
For loans made using the Xxxxxxx Master Promissory Note (MPN), the borrower is only required to sign the MPN once, prior to the first disbursement of the borrower’s first Xxxxxxx Loan.
To secure the Promissory Note, the Grantee shall grant the Consortium a mortgage on the assisted sites as they are identified, in a form approved by LHA, which mortgage shall be recorded prior to the release of Program funds for said assisted site At sale to an eligible homebuyer, the HOME funds shall be secured by mortgage, promissory note and deed restriction on the property in a form approved by LHA.
Master Promissory Note Defined The following new definitions are in effect: A Master Promissory Note (MPN) is a promissory note under which the borrower may receive loans for a single award year or multiple award years.