Variable Loan Note definition

Variable Loan Note means the promissory note, in the form attached as Exhibit C to the Agreement, which will be issued by the applicable Collateral Pool Borrower to Lender on the Initial Closing Date to evidence such Borrower’s obligation to repay Variable Loans.
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Variable Loan Note means a promissory note in the form attached as Exhibit C hereto, executed by the Collateral Pool 4 Borrower upon the conversion of the Loan secured by Collateral Pool 4 to a Variable Loan in accordance with this Agreement, as the same may be amended, restated or otherwise modified from time to time.
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Variable Loan Note means a promissory note (together with all schedules, riders allonges, addenda, renewals, extensions, amendments and modifications thereto), which has been issued by Borrower to Lender to evidence Borrower’s obligation to repay the Variable Loan.
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Examples of Variable Loan Note in a sentence

  • Interest accrued through the end of each month shall be payable two (2) Business Days before the first day of the following month as more particularly set forth in the Variable Loan Note.

  • The Adjustable Rate shall change on each Rate Change Date until the Loan is repaid in full in accordance with the Variable Loan Note.

  • The Variable Loan Fee shall be included in the Adjustable Rate and payable in accordance with the terms of the related Variable Loan Note.

  • Subject to the terms and conditions of the applicable Variable Loan Note, and Section 3.02(d) of this Agreement, Variable Loans are prepayable (in whole or in part) at any time pursuant to the prepayment provisions of the applicable Variable Loan Note.

  • Subject to the terms and conditions of the applicable Variable Loan Note and Section 3.02(d) of this Agreement, Variable Loans are prepayable (in whole or in part) at any time pursuant to the prepayment provisions of the applicable Variable Loan Note.

  • Each Variable Loan Note shall be payable to the order of Lender and shall be made in the original principal amount of the applicable Variable Loan.

  • The Variable Loan Note shall be subject to prepayment in accordance with Lender’s then-effective fee maintenance formula and shall contain an open period for prepayment selected by Borrower.

  • Interest shall accrue on the unpaid principal balance of a Variable Loan from the date such Variable Loan is made at the Adjustable Rate based on One-Month LIBOR (or during an Extension pursuant to Section 1.06 below, One-Month LIBOR or Three-Month LIBOR, as determined by the Collateral Pool 4 Borrower) as more specifically set forth in the applicable Variable Loan Note.

  • Each Variable Loan Note Outstanding as of the date hereof has been made in the original principal amount of the applicable Variable Loan.

  • At any time (i) following the First Anniversary or (ii) one year prior to the maturity date of any Variable Loan Outstanding, if the minimum aggregate principal amount Outstanding of such outstanding Variable Loans is less than $25,000,000, such Variable Loans must be repaid (together with all associated prepayment premiums and other amounts due under the Variable Loan Note) or converted to Fixed Loans pursuant to the terms of Sections 1.07, 1.08 and 1.09.