CDC Note definition

CDC Note means a promissory note secured by deed of trust which sets forth the terms for Developer’s repayment of the CDC Financial Assistance to CDC. The CDC Note shall be substantially in the form attached hereto and incorporated herein as Attachment No. 5.
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CDC Note means the recourse promissory note executed by Shelter in favour of Columbia Mall, Inc. in the initial amount of ONE MILLION EIGHT HUNDRED THOUSAND DOLLARS ($1,800,000.00) payable with interest at ten percent (10%) per annum, over a six (6) year term, as provided for under the Agreement to Purchase between Shelter and Columbia mall, Inc. dated December 28, 1978.
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Examples of CDC Note in a sentence

  • Escrow Holder shall deliver to CDC the original CDC Note, and the original recorded Memorandum of AHPDA, CDC Deed of Trust, Option Agreement, and Affordable Housing Regulatory Agreement.

  • Developer’s obligation to repay the CDC Financial Assistance shall be as set forth in the CDC Note.

  • If the mortgagee shall not require any such reduction of the indebtedness, the Partnership shall apply such sum to reduce the then-existing indebtedness of Shelter under the C.D.C. Note.

  • If CDC exercises the Option, upon the Close of Escrow, CDC shall (i) forgive and discharge Developer’s obligation to repay any portion of the CDC Financial Assistance that has not been deemed repaid and provided to a Low Income Household who has acquired fee title to a Condominium at an Affordable Sales Price, and (ii) shall cancel the CDC Note and reconvey the Deed of Trust.

  • Escrow Holder shall record the amount of the CDC Note as Developer’s receipt of the Purchase Price for the Property on the Closing Settlement Statement, thereby acknowledging that payment of the Purchase Price is being made by delivery of the CDC Note, and that upon the Closing the CDC will be deemed to have provided the CDC Financial Assistance to Developer.

  • As a condition to CDC’s conveyance of the Site to Developer, Developer shall execute the CDC Note in the amount of the Purchase Price and the CDC Deed of Trust, which shall secure repayment of the CDC Note and shall secure Developer’s obligations to develop the Project on the Site in accordance with this Agreement.

  • The CDC Financial Assistance shall be provided to Developer in the form of a “credit,” and by the acceptance of the CDC Note, at the Close of Escrow, rather than through an actual disbursement of funds.

Related to CDC Note

  • RMB Note means a Note denominated in Renminbi.

  • Class C Note means any one of the Series 2023-3 7.05% 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.

  • B Note means a promissory note of the Borrower payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a B Advance made by such Lender.

  • Subordinated Note has the meaning set forth in the Purchase and Sale Agreement.

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