RLT Note definition

RLT Note means the Promissory Note dated March 28, 1997 in the amount of the RLT executed by Borrower and delivered pursuant to the terms of this Loan Agreement, together with any renewals, extensions, modifications or replacements thereof.
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Examples of RLT Note in a sentence

  • The RLT shall be evidenced by the RLT Note, and shall bear interest and be payable to Lender upon the terms and conditions contained therein.

  • All payments made on the RLT Note shall be applied, to the extent of the amount thereof, in the order of priority to be determined by Lender in its sole discretion: (i) to the payment of costs, fees or other charges incurred in connection with the RLT; (ii) to the payment of accrued interest on the RLT; and/or (iii) to the reduction of the principal balance.

  • Prior to the RLT Termination Date, an unused RLT fee (the "Unused RLT Fee") computed at the rate of one-quarter of one percent (.25%) per annum on the unused portion of the RLT Amount, calculated from the date of the RLT Note shall be payable monthly in arrears.

  • Borrower may prepay the outstanding principal balance of the RLT Note in accordance with the terms and provisions of the RLT Note, including without limitation, any prepayment premium required therein.

  • All payments of principal of, and interest on, the RLT Note shall be made to Lender before 2:00 p.m. (Phoenix, Arizona time), in immediately available funds.