Obligor Note definition

Obligor Note means the executed promissory note or other instrument of indebtedness evidencing the indebtedness of an Obligor under a Timeshare Loan, together with any rider, addendum or amendment thereto, or any renewal, substitution or replacement of such note or instrument.

Obligor Note means an executed promissory note or other instrument of indebtedness evidencing the indebtedness of an Obligor under a Timeshare Loan, together with any rider, addendum or amendment thereto.

Obligor Note means, with respect to any Loan, the promissory note, instrument or other writing entered into by the related Obligor in connection with or evidencing the indebtedness of the Obligor under such Loan.

Examples of Obligor Note in a sentence

• Each Timeshare Loan which is not evidenced by an Obligor Note constitutes either "tangible chattel paper" or a "payment intangible" within the meaning of the Uniform Commercial Code in which such tangible chattel paper is located, in the case of tangible chattel paper, or within the meaning of the Uniform Commercial Code of the State of Delaware in the case of a payment intangible.

• Upon receipt of written notice from the , the Custodian shall establish a BEDI Project Costs Account for a Note, and shall further establish with respect to each Obligor Note related to such Note, separate subaccounts therein for each such related Obligor Note, to be funded with funds derived from the BEDI Grant Reserve Account, all as more particularly described in such written notice.

• The terms of each Purchase Contract and Obligor Note have not been modified in any material respect.

• If any Note has been paid in full in accordance with the Fiscal Agency Agreement and the related Obligor Note also has been paid in full, and the shall also have paid or cause to be paid all other sums payable hereunder allocable thereto, then and in that case, the Note and the pledge of the Trust Estate, and all covenants, agreements and otherobligations of the under that Note shall cease, terminate, become void and be completely discharged and satisfied.

• Under no circumstances shall the Custodian be liable in its individual capacity for the obligations evidenced by any Note or any Obligor Note.

More Definitions of Obligor Note

Obligor Note means the original, executed promissory note or other instrument of indebtedness evidencing the indebtedness of an Obligor under a Timeshare Loan, which note or instrument shall be substantially in the form of Exhibit B attached to the Sale Agreement, together with any rider, addendum or amendment thereto, or any renewal, substitution or replacement of such note or instrument.

Obligor Note means any promissory note evidencing the indebtedness of an Obligor under a Medallion Loan, together with any modifications thereto.

Obligor Note means any promissory note evidencing the indebtedness of an Obligor under a Loan and each Advance made in respect thereof, together with any modifications thereto.

Obligor Note the original note or other instrument of indebtedness evidencing the indebtedness of an Obligor under a Loan.

Obligor Note. The promissory note or other evidence of the indebtedness of an Loan Obligor to Borrower.

Obligor Note means an executed promissory note or other instrument of indebtedness evidencing the indebtedness ofan Obligor under a Timeshare Loan, together with any rider, addendum or amendment thereto.

Obligor Note means the original, executed promissory note and security agreement or other instrument of indebtedness evidencing the indebtedness by an Obligor for the benefit of the Originator (or any assignee thereof) under a Solar Loan, together with any rider, addendum or amendment thereto, or any renewal, substitution or replacement of such note or instrument.