Deficiency Notes definition

Deficiency Notes. Amended and Restated Promissory Note No. 1, effectively dated January 1, 2015, by UMTH LENDING COMPANY, L.P., a Delaware limited partnership, in favor of UNITED MORTGAGE TRUST, a real estate investment trust organized under the laws of the State of Maryland. · Amended and Restated Promissory Note No. 2, effectively dated January 1, 2015, by UMTH LENDING COMPANY, L.P., a Delaware limited partnership, in favor of UNITED MORTGAGE TRUST, a real estate investment trust organized under the laws of the State of Maryland.
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Deficiency Notes means the unsecured promissory notes evidencing the Deficiency Note Subordinate Debt, which obligations shall be fully subordinate to the Loans.
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Examples of Deficiency Notes in a sentence

  • So long as any obligations remain outstanding under the Loans, the Subordinate Debt shall be (i) unsecured and (ii) fully subordinate to the Loans, as evidenced by subordination language set forth in the Deficiency Notes.

  • All amounts representing the deficiency claims of Wachovia Bank, National Association, Cornerstone Bank and M&T against Guarantor more particularly described and set forth in the Deficiency Notes, but excluding the amounts due to Bank of America, N.A. pursuant to the Bank of America Line of Credit.

  • This Agreement, together with the Agreement, Deficiency Notes and [ ], constitutes and contains the entire agreement and understanding of the parties with respect to the subject matter hereof, and it also supersedes any and all prior negotiations, correspondence, agreements or understandings with respect to the subject matter hereof.