Authority Promissory Note definition

Authority Promissory Note means the Authority Promissory Note for Phase I, substantially in the form attached hereto as Attachment No. 8, which shall evidence Developer’s obligation to repay the Authority Subordinate Loan for Phase I from eighty-five percent (85%)
Sample 1
Authority Promissory Note means the Authority Promissory Note in a form which is reasonably acceptable to Authority Executive Director, in her reasonable discretion, which shall evidence Developer’s obligation to repay the Authority Subordinate Loan for the Project from one hundred percent (100%) of the Net Voucher Income, plus eighty-five percent (85%) of Residual Receipts from the Project.
Sample 1
Authority Promissory Note means the promissory note evidencing the Authority Loan in substantially the form shown in Attachment No. 7 hereto.
Sample 1

Examples of Authority Promissory Note in a sentence

  • Payments towards the Authority Subordinate Loans shall be applied first to accrued interest, next to any principal amounts of the Manchester Additional Subsidy and/or the Orangewood Additional Subsidy owing under the applicable Authority Promissory Note, and finally to any principal amounts of the Manchester Land Subsidy and/or the Orangewood Land Subsidy owing under the applicable Authority Promissory Note.

  • The calculated price for bitstream access is based on operating expenses (opex) for the year 2016.

  • As used herein, “Closing” refers to the close of Escrow for the conveyance of the Site pursuant to the Ground Lease, including the execution of the Authority Promissory Note and Ground Lease and the execution and recordation of the Grant Deed, Authority Deed of Trust, Regulatory Agreement, Memorandum of Ground Lease, Notice of Affordability Restrictions and Request for Notice of Default and the commencement of the Ground Lease Term.

  • The Authority Promissory Note for the Manchester Project shall be payable from eighty-five percent (85%) of Residual Receipts from the operation of the Manchester Project and the Authority Promissory Note for the Orangewood Project shall be payable from eighty-five percent (85%) of the Residual Receipts from the operation of the Orangewood Project, until the applicable Authority Promissory Note has been paid in full.

  • If visitors are in the building during a fire drill, they are to follow directions given by school personnel.After School ActivitiesIn order for a student to participate in the academic program and/or after school activities the student must be in school by the beginning of homeroom.

  • McMichael, “Occupational Licensing and the Opioid Crisis,” UC Davis Law Review 54 (December 2020) 887, https://lawreview.law.ucdavis.edu/issues/54/2/articles/mcmichael.html.

  • Payments towards the Authority Subordinate Loan shall be applied first to accrued interest, next to any principal amount of the Additional Subsidy owing under the Authority Promissory Note, and finally to any principal amount of the Land Subsidy owing under the Authority Promissory Note.

  • Developer’s obligation to repay the Authority Subordinate Loan for each Project shall be set forth in the Authority Promissory Note for each Project, in a form which is reasonably acceptable to Developer and Authority Executive Director in her reasonable discretion.

  • Each Authority Deed of Trust securing each Authority Promissory Note for each Authority Subordinate Loan shall be junior and subordinate to the Primary Loans, which are to be considered for approval by the Authority pursuant to Section 310 hereto in accordance with the standards set forth therein.

  • Developer’s obligation to repay the Authority Subordinate Loan for the Project shall be set forth in the Authority Promissory Note for the Project, in a form which is reasonably acceptable to Developer and Authority Executive Director in her reasonable discretion.


More Definitions of Authority Promissory Note

Authority Promissory Note and “Authority Promissory Notes” shall mean, individually and collectively, the Authority Promissory Notes in a form which is reasonably acceptable to Authority Executive Director, in her reasonable discretion, which shall evidence Developer’s obligation to repay the Authority Subordinate Loans for the Manchester Project and the Orangewood Project, as applicable, from eighty-five percent (85%) of Residual Receipts in the Manchester Project and eighty-five percent (85%)
Sample 1

Related to Authority Promissory Note

  • Secured Promissory Note is defined in Section 2.4.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Borrower Pledge Agreement means the Pledge Agreement executed and delivered by the Borrower pursuant to Section 5.1.5, substantially in the form of Exhibit F-1 hereto, as amended, supplemented, restated or otherwise modified from time to time.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Promissory Note means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds.

  • Credit Agreement Documents means the collective reference to any Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced (whether or not upon termination, and whether with the original lenders or otherwise), restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Intercompany Loan Agreement has the meaning set forth in the Purchase and Sale Agreement.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Guarantor Security Agreement means any Security Agreement executed by any Guarantor in favor of Agent securing the Guaranty of such Guarantor.

  • Second Lien Security Agreement means the Second Lien Security Agreement, dated as of the date hereof, among the Initial Borrower, the Parent Borrower, certain Subsidiaries of the Parent Borrower from time to time party thereto and the Second Lien Notes Collateral Agent, as amended, restated, waived, restructured, renewed, extended, supplemented or otherwise modified from time to time or as replaced in connection with any Refinancing, extension, refunding or replacement of the Second Lien Notes Indenture.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Secured Promissory Note Record is a record maintained by each Lender with respect to the outstanding Obligations owed by Borrower to Lender and credits made thereto.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with the Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Borrowers and each of the Guarantors to Agent.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • IP Security Agreement is that certain Intellectual Property Security Agreement executed and delivered by Borrower to Collateral Agent and dated as of the Effective Date, as may be amended, restated, or otherwise modified or supplemented from time to time.

  • Loan and Security Agreement “thereunder”, “thereof” or similar words referring to the Loan Agreement shall mean and be a reference to this Agreement and (b) each reference in the Financing Agreements to a “Note” or “Revolving Credit Note” shall mean and be a Revolving Credit Note as defined in this Agreement.

  • Pledge and Security Agreement means the Pledge and Security Agreement executed and delivered by the Borrower and each Guarantor on the Closing Date in form and substance acceptable to the Initial Lender and the Collateral Agent, as it may be amended, supplemented, restated or otherwise modified from time to time. For the avoidance of doubt, the terms of the “Pledge and Security Agreement” shall include the terms of all Applicable Annexes (as defined in the Pledge and Security Agreement).

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent before the Issue Date in respect of a first priority pledge over the Escrow Account and all funds standing to the credit of the Escrow Account from time to time, granted in favour of the Agent and the Holders (represented by the Agent).

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.