Promissory Note B definition
Examples of Promissory Note B in a sentence
The Borrower shall execute and deliver to the Lender a Term Loan Promissory Note B dated the date hereof and substantially in the form of Exhibit A hereto (the "Term Loan Note").
Promissory Note B in the sum of $2,310,908.35 dated June 21, 2012 made by Tiger Properties and payable to the order of Administrative Agent, as agent for Successor Lender, as defined below.
Executive hereby assigns to the Company, as collateral security for repayment of that portion of the Initiation Fee Loan evidenced by Promissory Note B, the equity portion of Executive's initiation fee at Caves Valley.
The other half of the Initiation Fee Loan shall be secured by the "equity portion" of the initiation fee paid by Executive for membership at Caves Valley Country Club ("Caves Valley"), all as more fully set forth in Promissory Note B.
Promissory Note B shall be endorsed with a legend that it is subject to this right of offset and it shall be held in escrow by Purchaser's attorney.