Development Note definition
Examples of Development Note in a sentence
Upon receipt of the Development Warrant and Development Note from Global, Development agrees to pay to ▇▇▇▇ ▇▇▇▇ Finance, the sum of $1,100,000.
Prior to transfer of the Gaming Site or Non-Gaming Lands into trust, amounts advanced under the Lakes Development Note and under the Non-Gaming Land Acquisition Line of Credit shall be secured by a Band Mortgage or Band Designee Mortgage on all such properties.
The Parties acknowledge that the outstanding principal amount of the Development Note exceeds the amount of the Modified Debt Payment, and agree that, effective as of the Effective Date, such excess principal amount, together with all accrued and unpaid interest on the Development Note, will be deemed to have been forgiven.
All amounts so advanced by Great Lakes prior to NIGC Approval and Bank Closing shall be a part of the development cost of the Enterprise and shall be advanced under the Lakes Development Note as part of the Lakes Development Loan.
The Refinancing Loan and the Development Loan ---------------- (together, the "Loans") shall be evidenced by promissory notes (the "Notes") of even date herewith in the form attached hereto as Exhibit A-1 (the "Refinancing Note") and Exhibit A-2 (the "Development Note").
This Agreement, the Development Agreement, the Lakes Development Note, the Lakes Facility Note, the Lakes Working Capital Advance Note, the Minimum Payments Note, the Transition Note and the Non-Gaming Land Acquisition Line of Credit, and each other contract contemplated by this Agreement shall, once approved in accordance with Legal Requirements, be enforceable in accordance with their terms.
Neither Manager nor Lakes shall receive any payments from the Enterprise other than loan repayments (whether under the Lakes Development Note, the Lakes Facility Note, for other advances in accordance with this Agreement, or as subrogee after paying on any Loan guarantee) and the Management Fee to be paid to Manager under Section 5.1. Manager Internal Expenses may be paid from Management Fees and loan repayments after they have been received by Manager.
This Agreement, the Lakes Development Note, the Lakes Facility Note, the Lakes Working Capital Advance Note, the Minimum Payments Note, the Transition Note and the Non-Gaming Land Acquisition Line of Credit shall be deemed entered into in Michigan.
Low Cost Tooling for ** New Development Improved Al/NiV/Cu Etch New Development Note: Red italics designates “major” Improvements according to Paragraph 10.1 of the License Agreement.
All amounts so advanced by Lakes or Great Lakes, together with option or acquisition payments made by Lakes or Great Lakes prior to such purchase, are Development Expenditures and have been advanced under the Lakes Development Note.