Land Note definition
Land Note means the Horizontal Land Note, in the original principal amount of $1,080,000, payable to WSI and given as consideration for the purchase of the Project Land.
Land Note means the unsecured instalment note made by the Borrower in favour of Loral in the principal amount of US$101 million substantially in the form annexed as Exhibit C to the Purchase Agreement.
Land Note means, as to the initial land to be developed by the Company, the Horizontal Land Note, in the original principal amount of $2,520,000.00, which is payable to WSI and given as consideration for the purchase of the initial Project Land. If the Company elects to develop additional land, the term “Land Note” shall in turn refer to such subsequent Horizontal Land Note(s) given as consideration for the purchase of the additional land to be developed. 7 1.65 Liquidating Member. “Liquidating Member” shall have the meaning set forth in Section 9.3 of this Agreement.
Examples of Land Note in a sentence
The Developer shall pay the Purchase Price by depositing the Land Note and the Deed of Trust into the Escrow, at least one (1) business day preceding the Escrow Closing Date.
City’s rights to cure under this Section shall remain in effect until Developer has repaid the Land Note in full.
The Land Note signed by the authorized representative(s) of Developer.
The sole recourse of the City with respect to the principal of, or interest on, the Land Note and defaults by Developer in the performance of its covenants under the Deed of Trust shall be to the Property, as described in the Deed of Trust.
More Definitions of Land Note
Land Note means the Vertical Land Note (whether one or more), in the original principal amounts of $920,610.00 [$980,000.00 discounted at AFR of 4.5% based on projected payoff schedule; subject to changes in AFR], payable to WSI and given as consideration for the purchase of the Project Land. 1.63
Land Note means that certain promissory note in the principal amount of $769,073 payable to the order of JCNI by Owner for Owner’s purchase of the Property.
Land Note means the promissory note made by Developer in favor of City in substantially the form of Exhibit J attached to this Agreement evidencing the Land Loan.
Land Note shall have the meaning set forth in Section 2.2(a)(ii).
Land Note means the Horizontal Land Note, in the original principal amount of $2,520,000.00, which is payable to WSI and given as consideration for the purchase of the Project Land. 1.65 Liquidating Member. “Liquidating Member” shall have the meaning set forth in Section 9.3 of this Agreement.