AHAC Note definition

AHAC Note means that certain Promissory Note (AHAC) of even date herewith from Borrowers, payable to the order of AHAC, in the maximum original principal amount of up to $21,900,000.00, together with all amendments, modifications, supplements, renewals and extensions of such promissory note. All terms and provisions of the AHAC Note are incorporated by this reference in this Agreement. The entire outstanding principal balance, and all other amounts due under the AHAC Note, this Agreement, the Mortgages and the other Loan Documents, together with all accrued and unpaid interest thereon, shall be due and payable on the Maturity Date.
Sample 1

Examples of AHAC Note in a sentence

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  • Holder shall not be obligated to accept any prepayment of the principal balance of this Note unless such prepayment is accompanied by (i) the applicable prepayment premium, if any, (ii) the entire outstanding principal balance of the Loan and (iii) all accrued and unpaid interest and all other amounts due under this Note, the AHAC Note, the NUFIC Note, the AGLIC Note, and the other Loan Documents.

  • Regardless of the place of its execution, this AHAC Note shall be construed and enforced in accordance with the substantive laws of the State of Oregon, without reference to conflicts of law principles.

  • The provisions of this Section 2 concern the election of Holder to extend the term of the loan evidenced by this AHAC Note (the “Loan”) for the Extension Term (as defined below) and certain obligations of Maker during the Extension Term.

  • Holder shall not be obligated to accept any prepayment of the principal balance of this AGLIC Note unless such prepayment is accompanied by (i) the applicable prepayment premium, if any, (ii) the entire outstanding principal balance of the Loan, and (iii) all accrued and unpaid interest and other amounts due under this AGLIC Note, the AHAC Note and all other amounts due under the Loan Documents.

  • Notwithstanding the foregoing, at any time during the Extension Term, Maker shall have the right to prepay the full then-outstanding principal amount of the Loan, and all other amounts due under this AHAC Note and the other Loan Documents, and all accrued but unpaid interest thereon as of the date of prepayment, without prepayment premium thereon.

  • Notwithstanding the foregoing, for so long as any Event of Default is continuing, Holder shall have the continuing exclusive right to apply any payments received by Holder from or on behalf of Maker as Holder may elect against the then due and owing obligations of Maker under this AHAC Note, the AGLIC Note and the other Loan Documents in such order of priority or in such allocations as Holder may determine advisable in its sole and absolute discretion.

  • Maker shall have no right to prepay all or any part of this AHAC Note before the date that is twenty-four (24) calendar months from and after the first day immediately following the Stub Interest Period (the “Lockout Expiration Date”).

  • All payments under this AHAC Note shall be payable in immediately available funds without setoff, counterclaim or deduction of any kind, and shall be made by electronic funds transfer from a bank account established and maintained by Maker for such purpose.

  • If any payment under this AHAC Note is not made when due, interest shall accrue on the entire outstanding balance of principal on the Loan at the Default Rate from the date such payment was due until payment is actually made.

Related to AHAC Note

  • RMB Note means a Note denominated in Renminbi.

  • B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Bridge Note has the meaning assigned to that term in Section 2.2(a)(1).

  • Class C Note means any one of the Series 2020-1 3.02% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C-1, Exhibit C-2 or Exhibit C-3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Demand Note means the note issued by the rating authority, in relation to the premises for the purpose of levying non-domestic rates prescribed by Scottish Ministers for the financial year, in respect of which a claim is made under this Determination;

  • Contract Note means a promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit 1.01A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Contract Advances made by such Lender to the Borrower.

  • Seller Note means the promissory note evidencing Xxxxxxxx’s repayment obligations in respect of the Seller Loan.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Exchange Note means the Closed-End Exchange Note.

  • Original Note shall have the meaning assigned to such term in the recitals.

  • Existing Note shall have the meaning given to such term in the preamble hereto.

  • A Note means, with respect to any A/B Whole Loan, the mortgage note (or notes) included in the Trust that is senior in right of payment to the related B Note or any other subordinated note(s) to the extent set forth in the related Intercreditor Agreement. There are no A Notes related to the Trust as of the Closing Date.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Swing Note is defined in Section 1.11 hereof.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Note A shall have the meaning assigned to such term in the recitals.

  • Master Note means a Master Promissory Note in the form mandated by Section 432(m)(1)(D) of the Higher Education Act, as added by Pub. L. 105-244,ss. 427,112 Stat. 1702 (1998) as amended by Public Law No: 106-554 (enacted December 21, 2000) and as codified at 20 U.S.C.ss. 1082(m)(1).

  • Class A-3 Note means any of the 1.34% Asset Backed Notes, Class A-3, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.