JMB Note definition
Examples of JMB Note in a sentence
All such amounts received by JMB, either from the Borrower or 245, shall be applied to the Liabilities in the manner set forth in the Restated Promissory Notes and the JMB Note.
JMB shall apply any amounts received from Maker as a prepayment under Section 5 above to reduce Maker's outstanding indebtedness under the Restated Promissory Note I, this Restated Promissory Note II, the Restated Promissory Note III or the JMB Note, in such order, as JMB, in its sole discretion, shall elect.
JMB shall apply any amounts received from Maker as prepayments in accordance with Section 5 above to reduce Maker's outstanding indebtedness under the JMB Note the Restated Promissory Note I, the Restated Promissory Note II or this Restated Promissory Note III, in such order as JMB, in its sole discretion, shall elect.
Any proceeds of any of the Collateral may be applied by JMB to the payment of expenses in connection with the Collateral, including reasonable attorneys' fees and legal expenses, and any balance of such proceeds shall be applied by JMB toward the payment of such of the Liabilities (including the Restated Promissory Notes and the JMB Note), and in such order of application, as JMB may from time to time elect, with the excess, if any, to be paid to Borrower.
JMB shall apply any amounts received from Maker as prepayments in accordance with Section 7 above to reduce Maker's outstanding indebtedness under the JMB Note, this Restated Promissory Note I, the Restated Promissory Note II or the Restated Promissory Note III, in such order as JMB, in its sole discretion, shall elect.