Common use of Substitute Note Clause in Contracts

Substitute Note. This Note is “Substitute Note A-1” executed and delivered pursuant to the Severance Agreement. The principal indebtedness evidenced hereby is a portion of the principal indebtedness evidenced by the Original Note in the original principal sum of $217,000,000 made by Borrower to Lender.

Appears in 2 contracts

Sources: Modification to Promissory Note (Morgans Hotel Group Co.), Modification to Promissory Note (Morgans Hotel Group Co.)

Substitute Note. This Note is “Substitute Note A-1A-2” executed and delivered pursuant to the Severance Agreement. The principal indebtedness evidenced hereby is a portion of the principal indebtedness evidenced by the Original Note in the original principal sum of $217,000,000 made by Borrower to Lender.

Appears in 2 contracts

Sources: Modification to Promissory Note (Morgans Hotel Group Co.), Modification to Promissory Note (Morgans Hotel Group Co.)