Substitute Promissory Note definition

Substitute Promissory Note means a modified Promissory Note executed by all Borrowers and any future Subsidiary of Borrowers, modified to add the new Subsidiary as a Borrower.
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Examples of Substitute Promissory Note in a sentence

  • The Original Loan is evidenced by that certain Third Substitute Promissory Note (Revolving Line of Credit) dated October 4, 2012.

  • This note, together with Substitute Promissory Note A-2, is Note A referred to in the Deed of Trust.

  • Additional Borrower will execute and deliver a Substitute Promissory Note as provided in the Loan Documents.

  • Unless otherwise expressly provided in this Note or elected by Lender, payments made by Borrower in respect of the principal and interest of the Loan shall be applied to interest and principal due on this Note and Substitute Promissory Note A-l, pro-rata.

  • Unless otherwise expressly provided in this Note or elected by Lender, payments made by Borrower in respect of the principal and interest of the Loan shall be applied to interest and principal due on this Note and Substitute Promissory Note A-2, pro-rata.

  • Upon such execution and delivery each Substitute Promissory Note will be deemed to be a Promissory Note for all purposes under this Facility and the other Program Documents.

  • The following Schedules constitute an integral part of the representations and warranties of Borrowers, which take into effect the consummation of the GMP Closing and the execution by GMP of the Substitute Promissory Note.

  • This Note, together with Substitute Promissory Note A-2 is Note A referred to in the Deed of Trust.

  • All references in the Loan Documents to the Line of Credit Note shall be understood to mean the Line of Credit Note, as amended by that certain First Allonge to 1999 Substitute Promissory Note by and between the Borrower and Bank, dated as of even date herewith, in the original principal amount of up to $8,000,000.00.

  • Additional Borrower will executed and deliver a Substitute Promissory Note as provided in the Loan Documents.