Venture Note definition
Examples of Venture Note in a sentence
For and on behalf of [Name of Employer] For and on behalf of [Name of Consultant or Name of a Joint Venture] [Note: For a joint venture, either all members shall sign or only the lead member, in which case the power of attorney to sign on behalf of all members shall be attached.
Each Venture Note has been duly executed and delivered by the respective Venture Borrower and constitutes the legal, valid and binding obligation of such Venture Borrower, enforceable in accordance with its respective terms.
To the best of Borrower's knowledge, the execution by each Venture Borrower and delivery of such Venture Borrower's Venture Note does not, and the performance by such Venture Borrower of its obligations and covenants thereunder will not, violate any other contractual obligation of such Venture Borrower.
Pursuant to the Collateral Assignment, the Borrower shall pledge the Joint Venture Note and the other Joint Venture Loan Documents to the Lender as collateral security for the Loan Obligations.
Pursuant to each Collateral Assignment, the Borrower shall pledge each Joint Venture Note and the other Joint Venture Loan Documents to the Lender as collateral security for the Loan Obligations.
The information regarding any Venture Borrower set forth herein and on each of the Schedules hereto, in the Venture Borrower's Venture Note and each document known by Borrower to have been delivered by any Venture Borrower to Agent or Lenders in connection herewith is complete and accurate and contains full and true disclosure of pertinent financial and other information in connection with the Venture Loans.
Each Joint Venture's obligations to repay such loan shall be evidenced by the relevant Joint Venture Note.
No Venture Borrower requires any Governmental Approvals to enter into, or perform under its respective Venture Note.
No Event of Default or Unmatured Event of Default hereunder or under the Venture Note has occurred.
As described in Section 2.10, the Joint Venture shall make all payments under the Joint Venture Note into the Collection Account.