Repayment Note definition

Repayment Note means a promissory note of Seller to the order of Fresenius AG having an initial principal amount equal to the principal amount outstanding under the Line of Credit on the Expiration Date minus $1,000,000, maturing on the third anniversary of the Expiration Date, payable in 12 equal quarterly installments of principal, together with interest on the unpaid principal balance at 8.5% per annum, and secured by the same collateral as the Line of Credit.
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Examples of Repayment Note in a sentence

  • In addition thereto, the Purchaser agrees not to assign, or otherwise permit or suffer the further assignment of, the Mortgage Restructuring Note or Mortgage Restructuring Documents {ADD IF CR MORTGAGE IS ALSO BEING ASSIGNED: or the Contingent Repayment Note, or CR Mortgage Documents,}, without HUD’s advance written consent.

  • The value of the Repayment Note will be amortized in line with Repayment Schedule.

  • Any attempt by the Assignee to assign the Mortgage Restructuring Note and/or Mortgage Restructuring Documents {and/or Continent Repayment Note and/or CR Documents} without such consent shall be null and void, and of no force and effect.

  • Contemporaneous with the execution by ▇▇▇▇▇▇▇▇▇ and recording of this Agreement among the Land Records, pursuant to MAHRA the Secretary is assigning to the Purchaser by Allonge the Mortgage Restructuring Note {ADD IF CONTINGENT REPAYMENT NOTE IS ALSO BEING ASSIGNED: and the Contingent Repayment Note}.

  • Any loan made from the Manager to the Authority pursuant to this Section shall be subject to the terms and conditions of the Manager Repayment Note, provided that repayment of such loan shall be made only as set forth in the Intercreditor Agreement.

  • Upon delivery of the Repayment Note (as hereinafter defined) and Unwind Documents neither Purchaser, Chateaux, or any affiliate of either of them shall have any further liability to Seller or any affiliate of Seller with respect to Chateaux or the Property other than pursuant to this Agreement.

  • The amount of each such loan under the Manager Repayment Note and all repayments on the Manager Repayment Note shall be noted by the Trustee on the grids attached to the Manager Repayment Note, provided that failure to make any such notation shall not diminish the obligation of the Authority to repay all amounts due on the Manager Repayment Note.

  • Such payment shall be made by delivery to Seller of a note in the form of EXHIBIT I attached hereto ("Repayment Note"), which shall be secured by the Deed of Trust.

  • Contemporaneous with the execution of this Assignment, by ▇▇▇▇▇▇▇, the Secretary is indorsing to the Purchaser the Mortgage Restructuring Note {INSERT IF CR MORTGAGE IS ALSO BEING ASSIGNED: and the Contingent Repayment Note].

  • Any repayment of amounts due under the Manager Repayment Note shall be made to the Manager Security Account unless and until the Disbursement Agent shall have disbursed the remaining funds in the Manager Security Account in accordance with Section 3.5, after which time repayments may be made directly from the Shortfall Account to any account specified by the Manager, provided the applicable conditions hereunder and under the Indenture and the Intercreditor Agreement have been satisfied.