Source Note definition
Examples of Source Note in a sentence
Funding Source Note Amount Deed of Trust Amount [Add Funding Source Name] [Add $ Amount] [Add Deed Amount] different from note ] [Add Funding Source Name] Add $ Amount] [Add Deed Amount] The Note[s] will be non-recourse.
Foreland agrees that the Petro Source Note shall, from and after the date of its acquisition by CHL, (i) be secured solely by an interest in 80% of Foreland's retained revenues from oil production in Nevada, as reflected in the Proceeds Assignment, and not by any shares of the capital stock of Foreland and (ii) be a full recourse promissory note, notwithstanding any to the contrary contained in the Petro Source Note.
Borrowers have delivered to Lender complete and correct copies of the DPI/Epiphany Settlement Agreement, the Aston Note, and the Energy Source Note, including all schedules and exhibits thereto.
Foreland consents to the transfer of the Petro Source Note and the security therefore to CHL.
Upon CHL's request, Foreland shall reissue the Petro Source Note and the Proceeds Assignment in the name of CHL.
Borrowers have delivered to Lender complete and correct copies of the DPI/Epiphany Settlement Agreement, the Consolidated Aston/▇▇▇▇▇▇▇ Note, the Energy Source Note, and the TNT Notes, including all schedules and exhibits thereto.
Accordingly, the assignment of production proceeds (the "Proceeds Assignment") previously tendered to Petro Source in partial satisfaction of the Petro Source Note shall be deemed to have been assigned to CHL effective upon such transfer.
Borrowers have delivered to Lender complete and correct copies of the DPI/Epiphany Settlement Agreement, the Aston Note, the Energy Source Note, and the TNT Notes, including all schedules and exhibits thereto.