Examples of Project Loan Note in a sentence

All payments required to be made by Borrower hereunder or under the Project Loan Note or the other Project Loan Documents shall be made irrespective of, and without deduction for, any setoff, claim or counterclaim and shall be made irrespective of any defense thereto.
The Project Loan shall be evidenced by the Project Loan Note and secured by the Project Loan Mortgage, the Project Loan Assignment of Leases and the other Project Loan Documents.
Borrower shall pay to Agent the outstanding principal balance of the Project Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Project Loan Note, the Project Loan Mortgage and the other Project Loan Documents on the Maturity Date.
Notwithstanding the foregoing, Project Revenues paid by a Project Company to the Issuer constituting a mandatory prepayment of amounts evidenced by a Project Loan Note executed by such Project Company, shall be the property of the Issuer.
The proceeds of the Project Loan shall be used to acquire by assignment the Spread Mortgages and the Spread Mortgage Notes when the same are spread to encumber the Property, which Spread Mortgages and Spread Mortgage Notes shall be amended and restated to be on the terms set forth in the Project Loan Mortgage and the Project Loan Note, all in accordance with and subject to the terms of this Agreement.

More Definitions of Project Loan Note

Project Loan Note means that certain Project Loan Promissory Note of even date herewith executed and delivered by Borrower to Lender in the original principal amount of up to Nine Million Five Hundred Forty Thousand One Hundred Seventy Seven and 00/100 Dollars ($9,540,177.00), as the same may be modified, amended, split, consolidated, replaced, substituted or extended from time to time.

Project Loan Note together with the Term Loan Note and the Building Loan Note, and as the same may be further amended, modified or assigned from time to time, collectively, the “Note”).

Project Loan Note means that certain Project Loan Promissory Note, dated the date hereof, in the principal amount of up to the Project Loan Amount made by Borrower in favor of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. “Required Equity Funds” shall have the meaning set forth in Section 2.11.13. “Scheduled Defeasance Payments” shall have the meaning set forth in Section 2.5.1(b) hereof. “Security Agreement” shall have the meaning set forth in Section 2.5.1(a)(v) hereof. “Severed Loan Documents” shall have the meaning set forth in Section 8.2(c). hereof. “Shortfall” shall have the meaning set forth in Section 2.1.10 hereof. “Successor Borrower” shall have the meaning set forth in Section 2.5.3 hereof. “Unsatisfied Initial Advance Conditions” shall have the meaning set forth in Section 2.1.20. Section 1.2

Project Loan Note means “the Project Loan Note and any other evidence of indebtedness secured by this Security Instrument,” the word “Property” shall include any portion of the Property and any interest therein, and the phrases “attorneys’ fees”, “legal fees” and “counsel fees” shall include any and all attorneys’, paralegal and law clerk fees and disbursements, including, but not limited to, fees and disbursements at the pre-trial, trial and appellate levels incurred or paid by Mortgagee in protecting its interest in the Property, the Leases and the Rents and enforcing its rights hereunder.

Project Loan Note means the Project Loan Promissory Note Secured by Mortgage given to Lender in principal amount equal to the Total Project Loan Commitment to be executed, dated and delivered by Borrower to Lender as of the Closing Date, secured by the Project Loan Mortgage, as such note may be modified, supplemented, amended and/or in effect from time to time.

Project Loan Note has the meaning provided in the Recitals hereto.

Project Loan Note shall have the meaning as set forth in Section 2.1.3.