HOME Note definition

HOME Note means the promissory note of even date herewith that evidences Borrower’s obligation to repay the HOME Loan.
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HOME Note means the First Amended and Restated Promissory Note of even date herewith that evidences Borrower’s obligation to repay the HOME Loan.
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Examples of HOME Note in a sentence

  • Interest on the HOME Note accrues monthly at a rate of 0% per annum.

  • The invalidity or unenforceability of any one or more provisions of this HOME Note will in no way affect any other provision.

  • All payments of principal and interest on this CHDO HOME Note shall be made in U.S. dollars to the County: Arlington CPHD Housing Division ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ Arlington, Virginia 22201 Attn: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Housing Director or by wire transfer as arranged by County Staff.

  • The Original ▇▇▇▇▇ HOME Loan was evidenced by that certain HOME Loan Agreement dated May 29, 1997, between the County and RCD (the "Original ▇▇▇▇▇ HOME Loan Agreement") and that certain promissory note executed by RCD for the benefit of the County dated May 29, 1997 (the "Original ▇▇▇▇▇ HOME Note").

  • In no event shall any amount due under this HOME Note become subject to any rights of offset, deduction or counterclaim on the part of the Borrower.

  • In addition to the foregoing award of attorneys' fees, the prevailing party in any lawsuit on this HOME Note or any other Loan Document shall also be entitled to its attorneys' fees incurred in any post-judgment proceedings to collect or enforce the judgment.

  • The County HOME Loan is evidenced by a Promissory Note in the amount of the County HOME Loan (the "County HOME Note") dated as of April 26, 2022, and secured by a Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated as of April 26, 2022, naming Borrower as trustor, the County as beneficiary and First American Title Company, as trustee (the "County HOME Deed of Trust"), recorded in the Official Records as Document Number 2022-02011994.

  • The Borrower may, without premium or penalty, at any time and from time to time, prepay all or any portion of the outstanding principal balance due under this CHDO HOME Note, provided that each such prepayment is accompanied by accrued interest on the amount of principal prepaid calculated to the date of such prepayment.

  • Except for the default interest provisions in the HOME Note, the disbursed and unpaid principal balance of the HOME Loan shall bear interest commencing on the date on which such HOME Loan proceeds are first disbursed for the account of Borrower as provided herein, and ending on the date paid, at the rate of three percent (3%) per annum simple interest (“Basic Rate”).

  • In addition to the payments provided in Section 2.3 above, and subject to the terms of the Senior Financing, Borrower shall pay to the Commission towards (but not to exceed) any outstanding amounts associated with the HOME Loan, the “Applicable Percentage” of “Net Proceeds” of an “Assignment”; and fifty percent (50%) of “Net Refinancing Proceeds” received from a “Refinancing”, as such terms are defined in the HOME Note.

Related to HOME Note

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • o Note The account name to which EFT payments will be paid is to the name submitted on Part II of this form. • Routing Number: Enter the bank or financial institutional nine-digit routing number, including applicable leading zeros.

  • 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.

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

  • Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.