Trust Note definition

Trust Note. As defined in the Introductory Statement.
Trust Note has the meaning assigned to that term in the Deposit and Disbursement Agreement.
Trust Note means promissory notes of the Trust that may be created and issued from time to time, that are subordinated and unsecured, have a maturity of five years or less, are prepayable at any time at the Trust’s option prior to maturity, and pay an annual rate of interest equal to the Canada Five-Year Yield, payable monthly in arrears;

Examples of Trust Note in a sentence

  • Robinwood Townhomes Deed of Trust Note was in the original principal amount of $2,641,750.

  • Edmondale Deed of Trust Note was in the original principal amount of $508,000.

  • Regent Apartments Deed of Trust Note in the original principal amount of $1,255,000 dated September 16, 1994.

  • Town Properties Deed of Trust Note in the original principal amount of $884,984.

  • In July 2002, MHF issued a claim note to the Administration and accepted assignment of an insured Deed of Trust and Deed of Trust Note in the original principal amount of $1,350,000 that financed a project known as North Avenue Terrace.


More Definitions of Trust Note

Trust Note means a promissory note, bond, debenture, debt security or similar evidence of indebtedness issued by Skyline Industrial REIT.
Trust Note means that certain Promissory Note of the Company issued on September 8, 2004 with a principal amount of $200,000 made payable to the Rubin Family Irrevocable Stock Trust due on September 30, 0000.
Trust Note means promissory notes of the Realty Trust issued that are subordinated and unsecured, have a maturity of five years or less, are prepayable at any time at the Realty Trust’s option prior to maturity, and pay an annual rate of interest equal to the Canada Five-Year Yield, payable monthly in arrears;
Trust Note means an Assigned Note which is not a Cash Flow Note.
Trust Note means the Secured Promissory Note, dated as of the date hereof, issued by MTS to the order of The Xxxxxxx X. Xxxxxxx and Xxxxx X. Xxxxxxx 1994 Children's Trust.
Trust Note means an unsecured promissory note of the Fund tendered as payment for the redemption price of Units tendered for redemption;