Building Loan Notes definition

Building Loan Notes means the “Notes” as defined in the Building Loan Agreement.
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Building Loan Notes means, collectively, the promissory note given to each of the Lenders, each note in principal amount equal to such Lender’s Building Loan Commitment and substantially in the form of Exhibit C-2 attached hereto, to be executed, dated and delivered by Borrower to each of the Lenders as of the Closing Date, secured by the Building Loan Mortgage, as the same may be modified, amended and/or supplemented and in effect from time to time.
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Building Loan Notes has the meaning assigned to such term in Section 1.1 of the Project Loan Agreement.
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Examples of Building Loan Notes in a sentence

  • This Assignment and all covenants, agreements, representations and warranties herein made shall survive the making by Lenders of the Loans and the execution and delivery to Lenders of the Building Loan Notes and the Project Loan Notes (regardless of any investigation made by Lenders or on their behalf), and shall continue in full force and effect so long as all or any part of the Loans is outstanding and unpaid.

  • This Agreement and all covenants, agreements, representations and warranties made herein and in the certificates delivered pursuant hereto shall survive the making by Lenders of the Building Loan and the execution and delivery to Lenders of the Building Loan Notes (regardless of any investigation made by Lenders or on their behalf), and shall continue in full force and effect so long as all or any part of the Building Loan is outstanding and unpaid.

  • Any sums so expended by Agent shall be paid by Borrower to Agent on demand, with interest thereon at the Default Rate until paid; and Borrower shall execute such notes or amendments to the Building Loan Notes as may be requested by Agent to evidence Borrower’s obligation to pay such excess costs and until such notes or amendments are so executed by Borrower, Borrower’s obligation to pay such excess costs shall be deemed to be evidenced by this Agreement.

  • Borrower hereby promises to pay to Administrative Agent for account of each Lender the payments of principal and interest due on the Building Loans in accordance with the Building Loan Notes and the Project Loan Agreement, which is hereby incorporated by reference.

  • Building Loan Documents (other than any Building Loan Notes) and the NYTC Completion Guaranty may be signed by facsimile.

  • This Security Instrument and the Building Loan Note shall, at any time until the same shall be fully paid and satisfied, at the sole election of Mortgagee, be split or divided into two or more Building Loan Notes and two or more security instruments, each of which shall cover all or a portion of the Property to be more particularly described therein.

  • The Building Loan Mortgage shall secure the indebtedness described in the Building Loan Note or Notes and herein, and any future loans, advances, payments and disbursements by Lenders pursuant to this Agreement or the Building Loan Mortgage shall be added to the principal indebtedness under the Building Loan Notes.

  • This Security Instrument and the Building Loan Note shall, at any time until the same shall be fully paid and satisfied, at the sole election of Mortgagee at any time after the occurrence of an Event of Default, be split or divided into two or more Building Loan Notes and two or more security instruments, each of which shall cover all or a portion of the Property to be more particularly described therein.

  • The Building Loans made by each Lender shall be evidenced by the Building Loan Notes, payable to such Lender in a principal amount equal to its Proportionate Share of the applicable Building Loans covered by such notes.

  • Provisions relating to LIBOR-based Loans, including, without limitation, increased costs, inability to determine any LIBOR Rate, illegality, treatment of affected Building Loans, compensation for broken funding, Taxes and replacement of Lenders shall be subject to the terms of the Building Loan Notes and Section 2.7 of the Project Loan Agreement, which is hereby incorporated by reference.


More Definitions of Building Loan Notes

Building Loan Notes. Building Loan Mortgage" -- A loan by Lenders to Borrower for certain cost-of-improvement items with respect to the Premises; the note evidencing said loan made by Borrower to Lenders; the building loan mortgage, assignment of leases and rents and security agreement(s) made to Administrative Agent as to secure the Building Loan Notes and Borrower's other obligations in respect of the Building Loan. The Building Loan Mortgage shall be a second lien on Borrower's interest in the Premises (behind the lien of the Mortgage).
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Building Loan Notes has the meaning given to such term in Section 2.01 hereof.
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Building Loan Notes. The Building Loan Notes given by Borrower to the Lenders in the aggregate principal sum of the Building Loan.
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Building Loan Notes. The Building Loan Notes, given by Senior Borrower to the Senior Lenders in the aggregate principal amount of the Building Loan, and any future amendments, modifications or supplements thereto.
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Related to Building Loan Notes

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Loan Notes means the loan notes issued pursuant to a Loan Note Instrument;

  • Term Loan Advances are each defined in Section 2.1.1(a).