Multi-Note System. Under this op- tion, the Lender may provide multiple Promissory Notes for the unguaranteed and the guaranteed portions of the loan. All Promissory Notes must re- flect the same payment terms. When the Lender selects this option, the Holder will receive one of the Bor- rower’s executed notes and a Loan Note Guarantee. The Agency will issue a Loan Note Guarantee for each Prom- issory Note, including the unguaranteed Promissory Note(s), to be attached to the Promissory Note(s). An Assignment Guarantee Agreement will not be used when the multi-note option is utilized.
Appears in 3 contracts
Sources: Assignment Guarantee Agreement, Assignment Guarantee Agreement, Assignment Guarantee Agreement