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Common use of Payment of the Notes Clause in Contracts

Payment of the Notes. Mortgagor shall duly and punctually pay or cause to be paid, the principal of and the interest and premium, if any, on the Note in accordance with the respective terms hereof and thereof, without demand therefor or presentation of the Note, in lawful money of the United States of America.

Appears in 3 contracts

Sources: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Resource Real Estate Opportunity REIT, Inc.), Mortgage Consolidation and Modification Agreement (American Realty Capital New York Recovery Reit Inc), Mortgage and Security Agreement (American Realty Capital New York Recovery Reit Inc)

Related Clauses

  • Prepayment of the Notes
  • Payment and Prepayment of the Notes
  • Terms of the Notes
  • Status of the Notes
  • Redemption of the Notes

Parent Clauses

  • COVENANTS
  • The Notes
  • General Terms and Conditions of the Notes
  • Issue of Notes Prospectus and Publicity
  • CLOSING AND TERMS OF THE REVENUE STREAM AND NOTES

Sub-Clauses

  • Maturity; Surrender, Etc
  • Allocation of Partial Prepayments
  • Purchase of Notes
  • Optional Prepayments with Make-Whole Amount
  • Offer to Prepay Notes
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