Series B-2 Borrower Note definition

Series B-2 Borrower Note means that certain Multifamily Note, dated the Closing Date, in the original maximum principal amount of $ , made by the Borrower and payable to the Governmental Lender, evidencing the loan of the proceeds of the Series B-2 Governmental Lender Note, as endorsed and assigned by the Governmental Lender without recourse to the Funding Lender, as executed by the Borrower, and as it may thereafter be amended or supplemented from time to time.
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Series B-2 Borrower Note means that certain Multifamily Note, dated the Closing Date, in the original maximum principal amount of $__________, made by the Borrower and payable to the Governmental Lender, evidencing the loan of the proceeds of the Series B-2 Governmental Lender Note, as endorsed and assigned by the Governmental Lender without recourse to the Funding Lender, as executed by the Borrower on the Closing Date, and as it may thereafter be amended or supplemented from time to time.
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Examples of Series B-2 Borrower Note in a sentence

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

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

  • The Series B-1 Governmental Lender Note shall be payable from payments on the corresponding Series B-1 Borrower Note, the Series B-2 Governmental Lender Note shall be payable from payments on the related Series B-2 Borrower Note and the Series B-3 Governmental Lender Note shall be payable from payments on the related Series B-3 Borrower Note.

  • Class A: Class A members shall be all owners, with the exception of DSLD HOMES, L.L.C. and shall be entitled to one (1) vote for each lot owned.

Related to Series B-2 Borrower Note

  • Term Loan as defined in Section 2.1.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Committed Borrowing.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).