Project Note Sample Clauses
Project Note. The obligation of the Borrower to repay the Loans and to pay interest thereon at the rate provided herein shall be evidenced by a promissory note substantially in the form of Exhibit A, payable to the order of the Lender and in the principal amount of SEVENTEEN MILLION EIGHT HUNDRED TWENTY-NINE THOUSAND DOLLARS (US$17,829,000) (the "Project Note"). The Borrower authorizes the Lender to record on the schedule annexed to the Project Note, each payment or prepayment of principal of the Loans and agrees that all such notations shall be prima facie evidence of the information recorded. The Borrower further authorizes the Lender to attach to and make a part of the Project Note continuations of the schedule attached thereto as necessary. No failure to make any such notations, nor any errors in making any such notations, shall affect the validity of the Borrower's obligations to repay the full unpaid principal amount of the Loans or the duties of the Borrower hereunder or thereunder.
Project Note. Anything herein or in the Funding Loan Agreement to the contrary notwithstanding, amounts shall not be due and payable hereunder except at the rates, in the amounts, and at the times due and payable under the Project Note. In the event of any conflict between the payment terms of the Project Note and this Governmental Note, the terms of the Project Note shall control, provided, however, that the Governmental ▇▇▇▇▇▇’s obligation hereunder shall be limited as set forth herein and payable solely from the Pledged Security.
Project Note. Funding Company shall pledge the U.S. Project Note to the Collateral Agent, acting on behalf of the Secured Parties pursuant to the U.S.
Project Note. The Loan and all Advances thereunder shall be evidenced by the Borrower's receipts and the Note.
Project Note. From and after the Conversion Date, all references to the Project Notes shall mean only the Tax-Exempt Project Note represented by the Series A-1 Project Note.
Project Note. Advances of a Project Loan shall be evidenced by borrower's receipts and a Project Note executed and delivered by the Borrower thereunder dated the date of the Closing of such Project Loan.
Project Note. Such Borrower shall execute and deliver to Bank a Project Note with respect to such Project Loan with blanks appropriately completed.