City Note definition

City Note has the meaning set forth in Paragraph D of the Recitals.

City Note. Recital E

City Note means the Amended and Restated Promissory Note evidencing the Borrower’s repayment obligations in respect of the City Loan.

Examples of City Note in a sentence

• Owner is in default of a term of the City Note and/or the Deed of Trust.

• Secured by Deed of Trust, for the benefit of the City and dated as of the date it is executed by Buyer (the "City Note").

• A copy of the signed City Note as Exhibit B to the City Deed of Trust.

• In the event of failure, of the Sub - Contractor to take out such policy or policies of insurance before commencing the works at the site, theContractor shall be responsible for any claim or damage attributable to the said Sub-Contractor.

• Upon the approval of an Eligible Purchaser's assumption of the Owner's obligations under the City Note and the City Deed of Trust and the execution of a new promissory note, deed of trust and resale restriction agreement by the Eligible Purchaser, the City shall release the Owner from any obligations under this Agreement, the City Note, and City Deed of Trust.

More Definitions of City Note

City Note. Recital G, page 2

City Note means the promissory note in the amount of the City Loan, substantially in the form attached hereto as Exhibit E.

City Note means the amended and restated promissory note executed by Xxxxxxxx in favor of the City in the original principal amount of the City Loan Amount, in form and substance acceptable to the City.

City Note means a promissory note executed by Owner in favor of the City in the principal amount equal to the difference between the Market Value of a Unit calculated at the time Owner acquired a Unit and (a) the Initial Price, in the case of the first Owner, or (b) the Eligible Buyer Purchase Price, in the case of subsequent Owners, plus a contingent deferred amount equal to the City’s Shared Appreciation.

City Note shall have the meaning ascribed thereto in the seventh recital to this Loan Agreement. “City Regulatory Agreements” shall have the meaning ascribed thereto in the seventh recital to this Loan Agreement.

City Note means the Promissory Note evidencing the City Loan in substantially the form attached hereto as Attachment No. 8, to be dated as of the Closing Date, executed by Borrower in favor of the City.

City Note means the promissory note, in the form provided by the City, executed by each buyer of an Ownership Affordable Unit at the time of purchase of the Affordable Unit.