Subordinate Note means each B Note.
Subordinate Note means the promissory note or other evidence of the Subordinate Indebtedness and any replacement of the Subordinate Note. [PROVISION FOR SOFT DEBT]
Examples of Subordinate Note in a sentence
No Subordinate Note shall be deemed to be a security within the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.
The Subordinate Loan is evidenced by the Subordinate Note and is secured by the Subordinate Mortgage.
The term of the Subordinate Note does not end before the term of the Senior Note.
No prepayment of the Subordinate Note shall be made until after final endorsement by HUD of the Senior Note, unless such prepayment is made from Non-Project Sources and is approved in writing by HUD.
The original principal amount of the Subordinate Note is $_______________.
More Definitions of Subordinate Note
Subordinate Note. Any Class M1, Class M2, Class M3, Class M4, Class M5, Class M6 or Class M7 Note.
Subordinate Note. Any Class M or Class B Note.
Subordinate Note. Any Class M-1 or Class M-2 Note.
Subordinate Note means the B Note.
Subordinate Note means a Class B Floating Rate Asset-Backed Subordinate Note issued pursuant to the Indenture, substantially in the form of Exhibit A-4 thereto.
Subordinate Note. Any [Class MF-1], [Class MF-2], [Class MF-3], [Class MF-4], [Class MF-5], [Class MF-6], [Class MF-7], [Class MF-8], [Class BF], [Class MV-1], [Class MV-2], [Class MV-3], [Class MV-4], [Class MV-5], [Class MV-6], [Class MV-7], [Class MV-8] or [Class BV] Note.
Subordinate Note means the promissory note of even date herewith issued by Borrower to Subordinate Lender, or order, to evidence the Subordinate Loan.