Common use of Acquisition Note Clause in Contracts

Acquisition Note. The term "Acquisition Note" shall mean the Promissory Note from Borrower to Lender evidencing the Acquisition Commitment dated of even date herewith, which is in the original principal amount of Four Million Eight Hundred Sixty Five Thousand Dollars and No/100 ($4,865,000.00).

Appears in 1 contract

Sources: Acquisition and Construction Loan Agreement (Mego Financial Corp)

Acquisition Note. The term "Acquisition Note" shall mean the Promissory Note from Borrower to Lender evidencing the Acquisition Commitment dated of even date herewithLoan, all as evidenced by this Agreement, which is in the original principal amount of Four Two Million Eight Nine Hundred Sixty Twenty-Five Thousand and No/100ths Dollars and No/100 ($4,865,000.002,925,000.00).

Appears in 1 contract

Sources: Acquisition and Renovation Loan Agreement (Mego Financial Corp)