Future Advance Note definition

Future Advance Note shall have the meaning ascribed to such term in ------------------- Section 2.1(c) hereof.
Sample 1
Future Advance Note has the meaning set forth in the final WHEREAS clause of the Recitals hereto.
Sample 1
Future Advance Note means that certain Future Advance Promissory Note (Mezzanine) of even date herewith in the stated principal amount of up to Fifteen Million and No/100 Dollars ($15,000,000.00) made by Borrower in favor of Lender.
Sample 1

Examples of Future Advance Note in a sentence

  • Lender is also the owner and holder of a certain Future Advance Promissory Note (the S" econd Future Advance Note") dated July 14, 1998, from Borrower in the original principal amount of Twenty Million and No/100 Dollars ($20,000,000.00).

  • Lender is also the owner and holder of a Future Advance Promissory Note (the " First Future Advance Note") dated December 9, 1997, from Borrower in the original principal amount of Seven Million Three Hundred Nineteen Thousand Three Hundred Twenty-Five and 10/100 Dollars ($7,319,325.10).

  • The Original Note and First Future Advance Note were consolidated pursuant to a Consolidating Note Agreement dated December 9, 1997, between Borrower and Lender and, as so consolidated, were renewed and modified pursuant to a Renewal Promissory Note from Borrower, owned and held by Lender, dated December 9, 1997 (the " First Renewal Note") in the original principal amount of Twenty Million and No/100 Dollars ($20,000,000.00)(the "First Consolidated Loan").

  • The original Renewal Note and the original Future Advance Note are attached to the original Consolidation Note.

  • The indebtedness evidenced by the Original Note, the August Notes and the Future Advance Note, as consolidated by the First Consolidated Note, the Second Consolidated Note and the Third Consolidated Note, was incurred in good faith for value received and as of the date hereof the unpaid balance of the Third Consolidated Note is $10,000.00, and the Mortgagor has no defenses, counterclaims or offsets thereto.

  • Simultaneously with the execution of this Agreement and as evidence of the additional indebtedness of Mortgagor to Mortgagee on account of the additional advances made pursuant to this Agreement, Xxxxxxxxx has executed in favor of Mortgagee the Future Advance Note in the principal amount of $5,000.00, a copy of which is attached hereto as Schedule A.

  • The Note and Future Advance Note have been amended, restated, renewed and consolidated pursuant to the terms of that certain Amended, Restated, Renewed And Consolidated Promissory Note of even date herewith in the principal amount of $45,000.00, a copy of which is attached hereto as Schedule B.

  • B9 Illustrative Example 7 illustrates the impairment testing of a non- wholly-owned cash-generating unit with goodwill.

  • The Modification dated February 27, 1987, consolidating the Mortgage of XXX and the Future Advance Note of XXX into the unpaid principal balance of XXX and other modifications including the rate of interest.

  • Notwithstanding any provision of this Security Instrument or any other Loan Document to the contrary, the provisions of Section 11.1 and Section 11.2, and Borrower's obligations thereunder, shall survive (a) the repayment of the Note and the Future Advance Note, (b) the foreclosure of this Security Instrument, and (c) the release (or reconveyance, as applicable) of the lien of this Security Instrument.

Related to Future Advance Note

  • Future Advance means an Advance made after the Initial Closing Date.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

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

  • Initial Advance means the first Advance made pursuant to Article II.

  • Loan Advance The meaning specified in Section 2.2(a).

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • 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.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

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

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • 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.

  • Committed Note means a promissory note of a Borrower payable to the order of any Lender, in substantially the form of Exhibit A-1, evidencing the indebtedness of that Borrower to such Lender resulting from the Committed Advances made by such Lender to that Borrower.

  • Swingline Note means a promissory note made by the Borrower in favor of the Swingline Lender evidencing the Swingline Loans made by the Swingline Lender, substantially in the form attached as Exhibit A-2, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Revolving Advance has the meaning given in Section 2.1.

  • Swing Note is defined in Section 1.11 hereof.

  • Revolver Note means any one of such Revolver Notes.

  • Loan Note means a loan note issued under the Loan Note Deed Poll;