Project Note means the Multifamily Note dated the Delivery Date from the Borrower, including all riders and addenda thereto, evidencing the Borrower’s obligation to repay the Project Loan, which Project Note will be delivered to the Governmental Lender and endorsed by the Governmental Lender to the Fiscal Agent as security for the Funding Loan, as the same may be amended, restated, supplemented or otherwise modified from time to time, or any note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.

Project Note means the Multifamily Note dated as of the date hereof from the Borrower, including all riders and addenda thereto, evidencing the Borrower’s obligation to repay the Project Loan, which Project Note will be delivered to the Governmental Lender and endorsed by the Governmental Lender to the Fiscal Agent as security for the Funding Loan, as the same will be amended and restated into the form attached to the Construction Phase Financing Agreement upon the occurrence of the Conversion Date, as the same may be further amended, restated, supplemented or otherwise modified from time to time, or any note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.

Project Note has the meaning given that term in Section 2.3.

Examples of Project Note in a sentence

On January 31, 2024, the Company issued 2,500,000 common shares of the Company as part of the consideration for the purchase of Murray Brook Project (Note 4) with a fair value of $225,000 based on the fair value of the Company's common shares on the date of issuance of $0.09 per share.
On August 1, 2023, the Company issued 2,000,000 common shares of the Company as part of the consideration for the purchase of Murray Brook Project (Note 4) with a fair value of $220,000 based on the fair value of the Company's common shares on the date of issuance of $0.11 per share.

More Definitions of Project Note

Project Note means the promissory note of the Borrower, dated as of even date with the Project Bonds, in the form attached hereto as Exhibit B and in the principal amount of $2,7000,000 evidencing the obligation of the Borrower to make Loan Payments.

Project Note means the Multifamily Note dated the Delivery Date from the Borrower, including all riders and addenda thereto, evidencing the Borrower’s obligation to repay the Project Loan, which Project Note will be delivered to the Governmental Lender and endorsed by the Governmental Lender to the Fiscal Agent as security for the Funding Loan, as the same will be amended and restated into the form attached to the Construction Phase Financing Agreement upon the occurrence of the Conversion Date, as the same may be further amended, restated, supplemented or otherwise modified from time to time, or any note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.

Project Note is defined in the Recitals of this Funding Loan Agreement.

Project Note means a promissory note evidencing a Project Loan.

Project Note has the meaning provided in the Recitals hereto.

Project Note means the nonnegotiable promissory note of the Company, dated December 28,2006, in the form attached hereto as Exhibit A and in the principal amount of $36,495,000 evidencing the obligation of the Company to make Loan Payments, as it may be amended or restated hereunder.