Project Note definition

Project Note means the Multifamily Note dated the Delivery Date from the Borrower, including all riders and addenda thereto, evidencing the Borrower’s obligation to repay the Project Loan, which Project Note will be delivered to the Governmental Lender and endorsed by the Governmental Lender to the Fiscal Agent as security for the Funding Loan, as the same may be amended, restated, supplemented or otherwise modified from time to time, or any note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.

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Project Note means the Project Note dated as of the date hereof from the Borrower, including all riders and addenda thereto, evidencing the Borrower’s obligation to repay the Project Loan, which Project Note will be delivered to the Governmental Lender and endorsed by the Governmental Lender to the Fiscal Agent as security for the Funding Loan, as the same will be amended and restated into the form attached to the Construction Phase Financing Agreement upon the occurrence of the Conversion Date, as the same may be further amended, restated, supplemented or otherwise modified from time to time, or any note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.

Project Note has the meaning given that term in Section 2.3.

Examples of Project Note in a sentence

The Funding Loan, together with accrued interest thereon, is subject to optional prepayment in whole upon optional prepayment of the Project Loan in accordance with the notice and other prepayment provisions set forth in the Project Note.
Whenever any Project Loan Payment or any other payment under this Project Loan Agreement or under the Project Note shall be stated to be due on a day that is not a Business Day, such payment shall be made on the first Business Day immediately thereafter.
Guarantor acknowledges that Guarantor has received a copy of the Project Note and all other Financing Documents.
The Borrower shall have the option to prepay the Project Loan in whole, together with all accrued and unpaid interest thereon, as provided in the Project Note.
The obligations of Guarantor under this Guaranty must be performed without demand by Funding Lender and will be unconditional regardless of the genuineness, validity, regularity or enforceability of the Project Note, the Continuing Covenant Agreement, or any other Financing Document, and without regard to any other circumstance which might otherwise constitute a legal or equitable discharge of a surety, a guarantor, a borrower or a mortgagor.

More Definitions of Project Note

Project Note means the Multifamily Note dated the Delivery Date from the Borrower, including all riders and addenda thereto, evidencing the Borrower’s obligation to repay the Project Loan, which Project Note will be delivered to the Governmental Lender and endorsed by the Governmental Lender to the Fiscal Agent as security for the Funding Loan, as the same will be amended and restated into the form attached to the Construction Phase Financing Agreement upon the occurrence of the Conversion Date, as the same may be further amended, restated, supplemented or otherwise modified from time to time, or any note executed in substitution therefor, as such substitute note may be amended, restated, supplemented or otherwise modified from time to time.

Project Note means the promissory note of the Borrower, dated as of even date with the Project Bonds, in the form attached hereto as Exhibit B and in the principal amount of $2,7000,000 evidencing the obligation of the Borrower to make Loan Payments.

Project Note means the Project Note, including applicable addenda, to be executed by the Borrower in favor of the Governmental Lender, evidencing the Borrower’s financial obligations under the Project Loan, and to be endorsed by the Governmental Lender, without recourse, to the order of the Fiscal Agent, as the same may be amended, modified, supplemented or restated from time to time.

Project Note is defined in the Recitals of this Funding Loan Agreement.

Project Note means a promissory note evidencing a Project Loan.

Project Note has the meaning provided in the Recitals hereto.

Project Note means the promissory note of the Company, dated May ------------ 22, 1997, in the form attached hereto as Exhibit A and in the principal amount of $71,000,000 evidencing the obligation of the Company to make Loan Payments.

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