Allonge definition

Allonge means any Shared Appreciation Allonge executed by the Borrower as more fully described in Paragraph 12 below.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Allonge means an allonge in the form attached hereto as Exhibit G.

Allonge means an allonge, executed in blank, by the Company.

Examples of Allonge in a sentence

• It is further understood and agreed by and between the Borrower, the Agent and the Bank that all other terms and provisions of the Note shall remain in full force and effect, enforceable by the Agent and the Banks against the Borrower as fully as though no amendments had been made hereby, and this Allonge shall not be deemed to hinder, compromise or lessen the enforceability of the Note, or any mortgage, security interest, or guaranty securing repayment of the Note, in any way.

• Company and Lender have executed this Allonge as of the day and year first above written.

• The amendment to the principal amount due and owing on the Note described herein notwithstanding, Holder does not waive interest that may have accrued at a default rate of interest and liquidated damages, if any, that may have accrued on the Note through the date of this Allonge, which default interest and liquidated damages, if any, remain outstanding and payable.

• Debtor shall deliver to the Holder an executed copy of such completed Allonge promptly after its receipt thereof.

• The Borrowers hereby confirm their joint and several promise to pay as set forth in the Note, and all other terms and conditions of the Note, as modified by this Allonge.

More Definitions of Allonge

Allonge means an attachment to a Collateral Loan Note (and included in the Collateral Loan Document Package) containing the endorsement by Borrower of the Collateral Loan Note, substantially in the form attached hereto as Exhibit A and incorporated herein by this reference.

Allonge has the meaning given in Section 3.1 of this Agreement. “Ancillary Documents” means the LLC Operating Agreement, the Servicing Agreement (including the Electronic Tracking Agreement), one or more Account Control Agreements, the Contribution Agreement, the Transferred LLC Interest Sale Agreement, the Purchase Money Notes (and any promissory note reissued in respect thereof pursuant to Section 2.8 of the Custodial and Paying Agency Agreement), the Purchase Money Notes Guaranty and the Custodial and Paying Agency Agreement, in each case once executed and delivered, and any and all other agreements and instruments executed and delivered in connection with the Closing and the transactions contemplate thereby.

Allonge means, for each Eligible Mortgage Loan and for each other promissory note secured by a Mortgage, an allonge in form reasonably satisfactory to Agent endorsing said promissory note to the order of Agent for the benefit of the Lenders.

Allonge means the Allonge to Promissory Note in the form attached hereto as Exhibit B.

Allonge means an allonge to a Mortgage Note in the form of allonge attached hereto as Exhibit C.

Allonge means an Allonge, substantially in the form of Exhibit O hereto, executed by Borrower, undated, with the transferee name left blank.

Allonge has the meaning set forth in Section 4.2(b).