Single Payment Note definition

Single Payment Note. The Principal Amount, plus accrued interest shall be due and payable in one-single payment days after the date of the note; or  Installment Payments of $ payable (check one):  monthly; or  other including interest, with the first payment beginning (check one):  30 days after the date of the note; or  other and continuing thereafter in equal installments for months when the entire balance of the note shall be due and payable. Any Seller financed note may be prepaid in whole or in part without penalty. Any prepayments are to be applied to the payment of the installments of principal last maturing and interest shall immediately cease on the prepaid principal. This note shall be subject to a right of offset. The lien securing payment of such note will be inferior to any lien securing any other note described in paragraph 3A, 3B or 3C above. Buyer shall guarantee the financing, or if Buyer is an entity, then the direct legal owner(s) of the Buyer shall guarantee the financing. Buyer shall furnish Seller with a financial statement within seven (7) days after the effective date of this contract. If Buyer's credit history or financial statement is not reasonably acceptable, Seller may terminate this contract within five (5) days after receipt of such information by giving written notice to Escrow Agent and the ▇▇▇▇▇▇▇ Money shall be refunded to Buyer. If Seller does not give notice of termination in writing within the time provided, Seller shall be deemed to have approved Buyer's credit. Buyer hereby authorizes Buyer's credit report to be furnished to Seller.
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Examples of Single Payment Note in a sentence

  • All documents attached hereto, including any appendices, schedules, riders, and exhibits to this Installment or Single Payment Note, are hereby expressly incorporated by reference.

  • Company shall pay on demand the following fees and expenses: (i) the reasonable legal fees and expenses of Purchaser and the Lisa Warnes Hawkins Revocable Trust ("Trust Borrower") in connec▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ration, execution and delivery of this First Amendment and the Variable Rate Single Payment Note and related documents with Comerica Bank - California ("Comerica") dated on or about April 16, 2003 (the "Comerica Agreements"), and (ii) other expenses of Purchaser, Trust Borrower, or the William M.

  • Prior to n/a or the earlier termination hereof, the Borrower may obtain advances from the Bank under this Installment or Single Payment Note (the “Note”) in an aggregate amount not exceeding the Loan Amount.

  • Assignor is indebted to Bank under the terms that certain Variable Rate – Single Payment Note in the original principal amount of $20,000,000 dated March 10, 2005, by Assignor payable to Bank (the “Note”).

  • The provisions of this Amendment shall apply to the term loan evidenced by that certain Installment or Single Payment Note in the original principal amount of $1,000,000.00 dated as of January 29, 2008 by Borrower in favor of Bank, as provided in that certain Addendum to Installment or Single Payment Note dated as of January 29, 2008 by and between Borrower and Bank.

  • The Borrower has executed an Installment or Single Payment Note (the "Note"), payable to the bank dated June 28, 1994, and the Borrower (and if applicable, certain third parties) have executed the collateral documents identified on the Note and certain other related documents (collectively the "Loan Documents"), setting forth the terms and conditions upon which the Borrower has obtained a term loan from the Bank in the original principal amount of $3,600,000.00 .

  • Company shall pay on demand the following fees and expenses (i) Purchaser's reasonable legal fees and expenses in connection with the preparation, execution and delivery of this Amendment, the Subsequent Note, and the Variable Rate Single Payment Note and related documents with Comerica Bank - California ("Comerica") dated on or about January 28, 2003 (the "Comerica Agreements"), and (ii) other expenses of Purchaser or the William M.

  • The Single Payment Note, UCC, First Guaranties and Second Guaranties shall hereinafter be collectively referred to as the “Term Loan Documents”.

  • The Borrower, Guarantors, and each of them agree that, as of the Effective Date hereof, they owe to Bank, jointly and severally, the principal amount due under Single Payment Note in the amount of $350,000.00, plus additional amounts such as accrued interest, late charges, attorneys fees and costs as provided therein.

Related to Single Payment Note

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.