Funding Loan Note definition

Funding Loan Note means the promissory note executed by the Governmental Lender in favor of Baypoint Family Apartments, LLC, in the initial principal amount of $3,500,000 evidencing the Funding Loan.
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Funding Loan Note. As defined in the Funding Loan Agreement.
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Funding Loan Note means collectively (i) the Tax Exempt Funding Loan Note and (ii) the Taxable Funding Loan Note which is issued on the Closing Date by the Governmental Lender in favor of the Bank, in the form(s) attached hereto as Exhibit A, as amended and supplemented from time to time.
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Examples of Funding Loan Note in a sentence

  • The Funding Loan and this Funding Loan Note are pass-through obligations relating to the Borrower Loan made by Governmental Lender from the proceeds of the Funding Loan to the Borrower under the Borrower Loan Agreement.

  • The Outstanding Balance of this Funding Loan Note shall be due and payable in its entirety on 1, 20 .

  • The Funding Loan Note is not and shall not be “federally guaranteed’’ as defined in Section 149(b) of the Code.

  • The weighted average maturity of the Funding Loan Note does not exceed 120% of the average reasonably expected economic life of the Property financed with the proceeds of the Borrower Loan.

  • To induce Governmental Lender to issue the Funding Loan Note, Borrower shall pay to Bank all amounts, including principal, interest and premium (if any) that become due and payable on the Funding Loan Note, as and when such amounts become due and payable under the Funding Loan Note.

  • The power of attorney granted by the Governmental Lender to the Bank hereunder, being coupled with the Bank’s interest in the Funding Loan, is irrevocable until all of the obligations of Governmental Lender under the Funding Loan Note have been satisfied and discharged in full.

  • For this purpose, if the fees of the Bank are retained as a discount on the purchase of the Funding Loan Note, such retention shall be deemed to be an expenditure of proceeds of the Funding Loan for said fees.

  • The Outstanding Balance shall mean the principal balance of the Funding Loan which has been advanced by the Funding Lender with respect to this Funding Loan Note under Section 3.4 of the Funding Loan Agreement described below, and that has not been repaid by the Governmental Lender to the Funding Lender as of the date of calculation of the Outstanding Balance.

  • The rights, remedies and options of Bank under this Funding Loan Note and the Funding Loan Documents are and shall be cumulative and are in addition to all the rights, remedies and options of the Bank at law or in equity or under any other agreement.

  • Interest on the Funding Loan Note shall be computed as provided for the Borrower Loan in the Borrower Loan Agreement.


More Definitions of Funding Loan Note

Funding Loan Note means the promissory note evidencing the Funding Loan, executed by the Governmental Lender in favor of the Bank, in the form attached hereto as Exhibit A.
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Funding Loan Note means the City of Los Angeles’ Multifamily Mortgage Revenue Note (Summit View Apartments) Series 2022BB which is issued on the Closing Date by the Governmental Lender in favor of the Bank, in the form attached hereto as Exhibit A, as amended and supplemented from time to time.
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Funding Loan Note means the Series 2021CC Note which is issued on the Closing Date by the Governmental Lender in favor of the Bank, in the form attached hereto as Exhibit A, as amended and supplemented from time to time.
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Funding Loan Note means, collectively, the Series C Funding Loan Note and the Series D Funding Loan Note.
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Funding Loan Note means the promissory note, in the maximum principal amount of $[PAR AMOUNT], evidencing the Funding Loan, executed by the Governmental Lender in favor of the Bank, in the form attached hereto as Exhibit A.
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Related to Funding Loan Note

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Note means a promissory note in the form of Exhibit B, as it may be amended, supplemented or otherwise modified from time to time.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Loan Note means any loan note issued in accordance with the arrangements for any loan note alternative in the Scheme or, as the case may be, the Offer.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan as defined in Section 2.1.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Term Loan A Note means a promissory note in the form of Exhibit 2.5-3, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Funding Loan Documents means (i) this Funding Loan Agreement, (ii) the Borrower Loan Agreement, (iii) the Regulatory Agreement, (iv) the Tax Certificate, (v) the Borrower Loan Documents, (vi) all other documents evidencing, securing, governing or otherwise pertaining to the Funding Loan, and (vii) all amendments, modifications, renewals and substitutions of any of the foregoing.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.