Series A-1 Borrower Note definition

Series A-1 Borrower Note means that certain Multifamily Note (Tranche A), dated the Closing Date, in the original principal amount of $ made by the Borrower and payable to the Governmental Lender, evidencing the loan of the proceeds of the Series A-1 Governmental Lender Note, as executed by the Borrower on the Closing Date and endorsed and assigned by the Governmental Lender without recourse to the Fiscal Agent, and as it may thereafter be amended or supplemented from time to time.
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Series A-1 Borrower Note means that certain Multifamily Note, dated the Closing Date, in the original principal amount of $8,100,000 made by the Borrower and payable to the Governmental Lender, evidencing the loan of the proceeds of the Series A-1 Governmental Lender Note, as executed by the Borrower on the Closing Date and endorsed and assigned by the Governmental Lender without recourse to the Fiscal Agent, as amended by the First Amendment to Multifamily Note (Tranche A) dated December 1, 2022, and as it may thereafter be amended or supplemented from time to time.
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Examples of Series A-1 Borrower Note in a sentence

  • An estimated amortization schedule for this Governmental Lender Note and the Series A-1 Borrower Note is attached hereto as Schedule 1.

  • Reference is made to the Borrower Loan Agreement and to the Series A-1 Borrower Note for complete payment and prepayment terms of the Series A-1 Borrower Note, payments on which are passed-through under this Governmental Lender Note.

  • Prior to the Conversion Date, Borrower shall make monthly payments of accrued and unpaid interest at the Fixed Rate identified on Schedule A of the Series A-1 Borrower Note and, commencing on the First Payment Date following the Conversion Date, monthly principal and interest payments consisting of accrued and unpaid interest at the Fixed Rate identified on Schedule A of the Series A-1 Borrower Note and principal in an amount equal to the Borrower Loan principal payable that month.

  • Reference is made to the Borrower Loan Agreement and to the Series A-1 Borrower Note for complete payment and prepayment terms of the Series A- 1 Borrower Note, payments on which are passed-through under this Governmental Lender Note.

  • The Borrower Loan advances and Funding Loan advances shall be allocated first to the Series A-1 Borrower Note and the related Series A-1 Governmental Lender Note and, once the foregoing have been fully funded, then to the Series A-2 Borrower Note and the related Series A-2 Governmental Lender Note.

  • The Series A-1 Governmental Lender Note shall be payable from payments on the corresponding Series A-1 Borrower Note and the Series A-2 Governmental Lender Note shall be payable from payments on the related Series A-2 Borrower Note.

  • Draws on the Funding Loan and disbursements of the Borrower Loan will initially be attributed to the Series A-1 Governmental Lender Note and the Series A-1 Borrower Note until the maximum principal amount of such notes is funded, and then the Series A-2 Governmental lender Note and the Series A-2 Borrower Note will be drawn down.