Lender Note Clause Samples
A Lender Note is a legal document that outlines the terms under which a lender provides funds to a borrower, typically specifying the amount loaned, interest rate, repayment schedule, and any applicable covenants or conditions. In practice, the Lender Note serves as evidence of the debt and the borrower's obligation to repay, and may include provisions for default, prepayment, or collateral. Its core function is to formalize the lending arrangement, ensuring both parties are clear on their rights and responsibilities, and providing a basis for enforcement if the borrower fails to meet the agreed terms.
Lender Note. The Lender Note, duly executed by Borrower.
Lender Note. Lawyers Title insurance Corporation, a Virginia corporation is the correct name to use if you are going to use this company as the trustee for a trust deed in this transaction. Multnomah $ 21.00 $ 5.00 ** Line of Credit Documents are considered as an extra document and will be charged as an extra page. END OF REPORT RLS/rls Preliminary Title Report Order No. 06-000759m Short Term Rate: A discount of up to 20% applies when there has been title insurance on the property within the previous three years.
Lender Note. 2 - Borrower shall have executed and delivered to Lender Note 2;
Lender Note. Borrower shall have executed and delivered to Lender the Lender Note dated the Execution Date;
Lender Note. The Loans shall be evidenced by a single promissory note of Recco, substantially in the form of Exhibit B hereto (as amended, modified, extended or replaced from time to time, a "Lender Note"), payable to the order of Aver & Co., a designee of Deutsche Bank Trust Company Americas, Collateral Trustee for Eiffel, for the benefit of the Lenders. The Program Manager shall record the date and amount of each Loan made and the date and amount of each payment of principal thereof, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded. The Program Manager shall, on behalf of Recco, maintain a register (the "Register") for the recordation of (i) the names and addresses of the Lenders and any assignees of any Lender and (ii) the Commitment of, and the principal amount and interest of the Loans owing to, each Lender or assignee from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and Recco, each Lender and assignee and the Program Manager shall treat each Person whose name is recorded in the Register as the owner of the Loans for all purposes of this Credit Agreement. Notwithstanding anything to the contrary, any assignment of any Loan or Commitment shall be effective only upon appropriate entries with respect thereto being made in the Register. The Lender Note shall (a) be dated the date of issuance thereof, or, with respect to any amendment thereof, the date of such amendment, (b) be stated to mature on the Scheduled Maturity Date and (c) provide for the payment of interest in accordance with Section 2.5.
Lender Note. That certain Promissory Note (HOME-ARP Funds) for Gospel Village of even date herewith evidencing the Loan, executed by the Project Sponsor in favor of the Lender.