Loan and Note. The term “Loan” herein shall refer to the indebtedness of Borrower to Lender evidenced by a Note in the original principal amount of three hundred ninety three thousand, six hundred and 00 / 100 DOLLARS ($ 393,600.00_________________) in form satisfactory to Lender (the “Note”).
Loan and Note. The term “Loan” under the Loan Agreement is hereby modified to include the Renewal Loan, and the term “Note” under the Loan Agreement is hereby modified to reference the Renewal Note.
Loan and Note. The Lender shall advance to the Company the aggregate amount of Six Million Dollars ($6,000,000). The Company acknowledges receipt of $3,000,000 from Pappajohn on or about December 22, 2011. Advances shall be made by Lender on the date hereof as follows: Xxxxxx - $500,000; NNJCA - $1,500,000 and Pappajohn - $1,000,000. The Company previously issued a Promissory Note to Pappajohn to evidence his $3 million advance. Upon execution of this Agreement and funding of each new loan, the Company shall execute and deliver to each Lender a Promissory Note in substantially the form of Exhibit A attached hereto (collectively the notes evidencing the $6 million obligation are referred to as the “Note”), dated the date of the advance, to evidence the terms and conditions of the Company’s repayment of, and other obligations with respect to, the credit advanced by Lender (the “Loan”) to the Company hereunder and thereunder. No amount of principal advanced pursuant to the Loan shall be eligible, upon its repayment, for the making of any further advances hereunder.
Loan and Note. This Guaranty is executed in connection with a mortgage loan in the aggregate original principal amount of $33,000,000.00 (the “Loan”) made by Lender to the parties set forth on Schedule I hereto (jointly, severally and collectively, “Borrower”). The Loan is (a) evidenced by that certain Promissory Note (USL) made by Borrower to the order of Lender, of even date herewith (as the same may be amended, restated, modified and/or supplemented from time to time, the “Note”), (b) governed by, among other things, that certain Loan Agreement, of even date herewith, between Borrower and Lender (as the same may be amended, restated, modified and/or supplemented from time to time, the “Loan Agreement”), and (c) secured by, among other things, the Mortgages (as defined in the Loan Agreement), encumbering certain real property as more particularly described in each Mortgage (collectively, the “Property”). All capitalized terms used herein without definition shall have the meanings given to such terms in the Loan Agreement.
Loan and Note. The term “Loan” herein shall refer to the indebtedness of Borrower to Lender evidenced by a Note in the original principal amount of Two Million Two Hundred Twenty-Two Thousand Six Hundred Forty and No/100 Dollars ($2,222,640.00) in form satisfactory to Lender (the “Note”). The term of this Loan shall be for twenty (20) years.
Loan and Note. This Guaranty is executed in connection with a $20,983,087.99 loan (“Loan”) made by Lender to Tradeport Development II, LLC, a Connecticut limited liability company (“Borrower”). The Loan is (a) evidenced by an Amended and Restated Promissory Note of even date herewith in the original principal amount of the Loan (“Note”), and (b) secured by, among other things, an Amended and Restated Mortgage Deed, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents of even date herewith granted by Borrower for the benefit of Lender (“Mortgage,” and, together with the Note and all other documents executed by Borrower evidencing and/or securing the Loan, “Loan Documents”) covering certain real property commonly known as 75 International Drive, 000 Xxxxxxx Xxxx and 000 Xxxxxxx Xxxx, Xxxxxxx, Connecticut, and more particularly described in the Mortgage (the “Property”). All capitalized terms used herein without definition shall have the meanings given to such terms in the Mortgage.
Loan and Note. The Company may, from time to time, prior to a Maturity Event, request credit advances from the Lender by delivering written notice to the Lender of such request, and provided that there does not exist at the time of such request an Event of Default, upon its receipt of such a request, the Lender shall advance to the Company the requested amount of credit, provided, however, that the aggregate principal amount advanced to the Company by the Lender shall not exceed the sum of Three Million Dollars ($3,000,000). Upon execution of this Agreement, the Company shall execute and deliver to the Lender a Promissory Note in substantially the form of Exhibit A attached hereto (the “Note”), to evidence the terms and conditions of the Company’s repayment of, and other obligations with respect to, the credit advanced by Lender (the “Loan”) to the Company hereunder and thereunder. No amount of principal advanced pursuant to the Loan shall be eligible, upon its repayment, for the making of any further advances hereunder.
Loan and Note. 3 2.1 Loan........................................................... 3 2.2 Interest....................................................... 4 (a) Interest................................................. 4 (b) Computation of Interest.................................. 4 2.3 Payments....................................................... 4 (a) Payment of Loan.......................................... 4 (b)
Loan and Note. This Guaranty is executed in connection with a $31,000,000.00 loan ("Loan") made by Lender to Sonesta Beach Resort Limited Partnership, a Delaware limited partnership ("Borrower"). The Loan is (a) evidenced by a Consolidated and Renewed Promissory Note of even date herewith in the original principal amount of the Loan ("Note"), and (b) secured by, among other things, a Consolidated, Amended and Restated Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents of even date herewith granted by Borrower for the benefit of Lender ("Mortgage," and, together with the Note and all other documents evidencing and/or securing the Loan, "Loan Documents") covering certain real property commonly known as the Sonesta Beach Resort, Key Biscayne, Florida, and more particularly described in the Mortgage (the "Property"). All capitalized terms used herein without definition shall have the meanings given to such terms in the Mortgage.
Loan and Note. This Guaranty is executed in connection with a $22,880,000.00 loan ("Loan") made by Lender to Xxxxx X. Xxxxxxxxx, Xxxxx X. Xxxxxxxxx, and Boy X.X. xxx Xxxx, trustees of the Charterhouse of Cambridge Trust, and not individually, under a Declaration of Trust dated December 27, 1963 and recorded at Middlesex South Deeds Book 11160, Page 340, as amended by Amendment of Declaration of Trust dated July 8, 1966 and recorded at Middlesex South Deeds Book 11160, Page 359 ("Charterhouse"), and Sonesta of Massachusetts, Inc., a Massachusetts corporation ("Sonesta," and, together with Charterhouse, collectively, "Borrower"). The Loan is (a) evidenced by a Promissory Note of even date herewith in the original principal amount of the Loan ("Note"), and (b) secured by, among other things, a Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents of even date herewith granted by Borrower for the benefit of Lender ("Mortgage," and, together with the Note and all other documents evidencing and/or securing the Loan, "Loan Documents") covering certain real property commonly known as the Royal Sonesta Hotel, Cambridge, Massachusetts and more particularly described in the Mortgage. All capitalized terms used herein without definition shall have the meanings given to such terms in the Mortgage.
