Fixed Facility Note definition

Fixed Facility Note means a promissory note, in the form attached as Exhibit B to this Agreement, which will be issued by the Borrower to the Lender, concurrently with the funding of each Fixed Facility Advance, to evidence the Borrower’s obligation to repay the Fixed Facility Advance.
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Fixed Facility Note means a promissory note, in the form attached as EXHIBIT B to this Agreement, which will be issued by the Borrower to the Lender, concurrently with the funding of each Fixed Facility Advance, to evidence the Borrower's obligation to repay the Fixed Facility Advance.
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Fixed Facility Note means promissory notes (together with all schedules, riders, allonges, addenda, renewals, extensions, amendments and modifications thereto) which have been issued by Borrower to Lender to evidence Borrower’s obligation to repay the Fixed Advances, and with respect to a Fixed Advance with a cash execution, the promissory note will be the same or substantially similar in form to the promissory note issued by Borrower to Lender in connection with the Fixed Advance made on the Initial Closing Date and with respect to a Fixed Advance with an MBS execution, the promissory note will be in the then current form of promissory note utilized by ▇▇▇▇▇▇ Mae for loans with an MBS execution.
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Examples of Fixed Facility Note in a sentence

  • The obligation of the Borrower to repay a Fixed Facility Advance will be evidenced by a Fixed Facility Note.

  • If no prepayment is permitted under the applicable Fixed Facility Note, such prepayment amount shall be held by Lender (or its appointed collateral agent) as Substitute Cash Collateral in accordance with a security agreement and other documents in form and substance acceptable to Lender.

  • Any prepayments made pursuant to the preceding sentence shall be applied first against the Variable Advances Outstanding in the sequence specified by Borrower until there are no further Variable Advances Outstanding then against the prepayment of Fixed Advances Outstanding so long as the prepayment is permitted under the applicable Fixed Facility Note.

  • Subject to the terms and conditions of Section 3.04(d), Borrower may prepay all or a portion of any Fixed Advance pursuant to the prepayment provisions of the Fixed Facility Note.

  • Notary Signature: Printed Name: Notary Public for the State of Montana (NOTARIAL SEAL) Residing at: My Commission expires: .

  • Each Fixed Facility Note shall be payable to the order of Lender and shall be made in the original principal amount of such Fixed Advance.

  • The MBS Pass-Through Rate and the Fixed Facility Fee shall be payable in arrears, in accordance with the terms of the Fixed Facility Note.

  • The Release Price shall be applied first against the Variable Advances Outstanding until there are no further Variable Advances Outstanding, then against the prepayment of Fixed Advances Outstanding, so long as the prepayment is permitted under the applicable Fixed Facility Note.

  • The Cash Interest Rate and the Fixed Facility Fee shall be payable in arrears, in accordance with the terms of the Fixed Facility Note.

  • Upon the Borrower’s compliance with the requirements of Section 3.10(a), the Borrower shall assign all its obligations and rights under the relevant Fixed Facility Note, together with the Substitute Collateral, to a successor entity (the “Successor Borrower”) designated by Lender or, if not so designated by Lender, designated by the Borrower and acceptable to Lender in its sole discretion.


More Definitions of Fixed Facility Note

Fixed Facility Note means a promissory note (together with all schedules, riders, allonges, addenda, renewals, extensions, amendments and modifications thereto) which will be issued by Borrower to Lender, concurrently with the funding of the Fixed Loan on the Initial Closing Date.
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Related to Fixed Facility Note

  • Non-Extended Facility has the meaning specified in Section 3.5(d).

  • On-site facility means a structural BMP located within the subject property boundary described in the permit application for land development activity.

  • Qualified facility means a permanent facility within this state equipped for the production of motion pictures, television shows, or digital media production that meets all of the following requirements:

  • Amended Facility Agreement means the Facility Agreement as amended and supplemented by this Agreement.

  • Existing Facility Agreement means the facility agreement entered into between, inter alia, (i) Borrower A, Borrower B, Borrower C and Borrower D as joint and several borrowers and (ii) Existing Facility Agent as facility agent and security agent dated 11 December 2019, in relation to a $61,500,000 facility.