Common Contracts
1 similar null contracts
PROJECT NOTE – TEL (Immediate) Variable Rate (Revised 6-15-2020)May 21st, 2020
This Project Note (this “Project Note”) is being delivered pursuant to that certain Project Loan Agreement dated as of [________], among the Governmental Lender, [NAME OF FISCAL AGENT] (the “Fiscal Agent”) and Borrower (together with any and all amendments, modifications, supplements and restatements, the “Project Loan Agreement”) pursuant to which the Governmental Lender has made a mortgage loan in the principal amount of this Project Note to Borrower (the “Project Loan”), and this Project Note is entitled to the benefits of the Project Loan Agreement and is subject to the terms, conditions and provisions thereof. The Project Loan was funded from the separate loan (the “Funding Loan”) incurred by the Governmental Lender pursuant to the Funding Loan Agreement dated as of [________] (the “Funding Loan Agreement”) by and among [FREDDIE MAC SELLER/SERVICER], as the Initial Funding Lender, the Governmental Lender and the Fiscal Agent. This Project Note shall be deemed to be fully advanced
