Project Loan Note definition

Project Loan Note shall have the meaning as set forth in the Project Loan Agreement.

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Project Loan Note shall have the meaning specified in Section 2.2.

Project Loan Note means that certain Project Loan Promissory Note, dated the date hereof, in the principal amount of up to the Project Loan Amount made by Borrower in favor of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Examples of Project Loan Note in a sentence

• The Project Loan shall be evidenced by the Project Loan Note and secured by the Project Loan Mortgage, the Project Loan Assignment of Leases and the other Project Loan Documents.

• If the Property is sold, through foreclosure or otherwise, prior to the receipt by Lender of the Award, Lender shall have the right, whether or not a deficiency judgment on the Building Loan Note or the Project Loan Note shall have been sought, recovered or denied, to receive the Award, or a portion thereof sufficient to pay the Total Debt.

• Notwithstanding any Condemnation, Borrower shall continue to pay the Total Debt at the time and in the manner provided for its payment in the Building Loan Note and the Project Loan Note and in this Agreement and the Project Loan Agreement.

• The Borrower has the power and authority, and the legal right, to make, deliver and perform the Project Loan Documents to which it is a party and to borrow hereunder and has taken all necessary action to authorize the borrowings on the terms and conditions of this Agreement and the Project Loan Note and to authorize the execution, delivery and performance of the Project Loan Documents to which it is a party.

• The Project Loan Note evidences the indebtedness of Borrower under the Project Loan.

More Definitions of Project Loan Note

Project Loan Note means that certain Project Loan Promissory Note of even date herewith executed and delivered by Borrower to Lender in the original principal amount of up to Nine Million Five Hundred Forty Thousand One Hundred Seventy Seven and 00/100 Dollars ($9,540,177.00), as the same may be modified, amended, split, consolidated, replaced, substituted or extended from time to time.

Project Loan Note together with the Term Loan Note and Building Loan Note, as the same may be amended or modified from time to time, collectively, the “Note”);

Project Loan Note means that certain Project Loan Promissory Note of even date herewith executed and delivered by Borrower to Lender in the original principal amount of up to $28,999,837.00, as the same may be modified, amended, split, consolidated, replaced, substituted or extended from time to time.

Project Loan Note means the Project Loan Promissory Note Secured by Mortgage given to Lender in principal amount equal to the Total Project Loan Commitment to be executed, dated and delivered by Borrower to Lender as of the Closing Date, secured by the Project Loan Mortgage, as such note may be modified, supplemented, amended and/or in effect from time to time.

Project Loan Note means “the Project Loan Note and any other evidence of indebtedness secured by this Security Instrument,” the word “Property” shall include any portion of the Property and any interest therein, and the phrases “attorneys’ fees”, “legal fees” and “counsel fees” shall include any and all attorneys’, paralegal and law clerk fees and disbursements, including, but not limited to, fees and disbursements at the pre-trial, trial and appellate levels incurred or paid by Mortgagee in protecting its interest in the Property, the Leases and the Rents and enforcing its rights hereunder.

Project Loan Note means that certain Project Loan Promissory Note, dated the date hereof, in the principal amount of up to the Project Loan Amount made by Borrower in favor of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. “Required Equity Funds” shall have the meaning set forth in Section 2.11.13. “Scheduled Defeasance Payments” shall have the meaning set forth in Section 2.5.1(b) hereof. “Security Agreement” shall have the meaning set forth in Section 2.5.1(a)(v) hereof. “Severed Loan Documents” shall have the meaning set forth in Section 8.2(c). hereof. “Shortfall” shall have the meaning set forth in Section 2.1.10 hereof. “Successor Borrower” shall have the meaning set forth in Section 2.5.3 hereof. “Unsatisfied Initial Advance Conditions” shall have the meaning set forth in Section 2.1.20. Section 1.2

Project Loan Note shall have the meaning as set forth in Section 2.1.3.