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Mortgage Note
Mortgage Note contract clause examples
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Borrower Note. Upon the request of the Administrative Agent, such Borrower shall execute and deliver a promissory note, in the form of [Exhibit B];

Secured Note. This Note is secured by that certain Pledge and Security Agreement of even date herewith, entered into by and between Maker and Payee (the “Pledge Agreement”). All capitalized terms not otherwise defined herein shall have the meanings given in the Pledge Agreement.

The Note. The Loan shall be evidenced by:

Previous Note. On May 31, 2018 the Noteholder was issued a Promissory Note in the principal amount of one million one hundred thousand U.S. dollars ($1,100,000) by the Borrower (the “Original Note”). On August ​, 2018 the Noteholder provided an additional nine hundred thousand dollars ($900,000) of funds to the Borrower and surrendered the Original Note, in return for which the Noteholder was issued this Note.

Initial Note. Collectively, # the amended and restated promissory note dated the same date as this Agreement executed by Borrower evidencing the Line of Credit Loan in the form of [Exhibit A] hereto and all extensions, renewals, modifications and replacements of such promissory note (“Line of Credit Note”); and # the promissory note dated the same date as this Agreement executed by Borrower evidencing the Term Loan in the form of [Exhibit B] hereto and all extensions, renewals, modifications and replacements of such promissory note (“Term Loan Note”).

The Note. The Loan shall be evidenced by that certain promissory note substantially in the form attached hereto as Exhibit “C” (hereinafter called the "Note"). The Note shall # be dated as of the date hereof; # be stated to be due on October 30, 2025 (the “Maturity Date”); and # bear interest (at the applicable interest rate provided herein below) from the date hereof on the unpaid principal amount thereof, with quarterly payments of principal and interest, due and payable beginning on January 30, 2019 and on the thirtieth (30th) day of each of January, April, July and October during the term hereof. All unpaid principal and interest shall be due and must be paid in full upon the Maturity Date.

Promissory Note. Any loan made to an Eligible Borrower under this Article shall be evidenced by the promissory note returned to the Eligible Borrower after the loan has been processed. Such promissory note shall contain the irrevocable consent of the Eligible Borrower to the payroll withholding described in [subsection (f)], if applicable. The Committee shall have the right to require the Eligible Borrower to submit revised materials to the extent the Committee determines it is necessary to comply with ERISA or the Code.

Previous Note. On May 14, 2018 the Noteholder was issued a Promissory Note in the principal amount of eight hundred thousand dollars ($800,000) by the Borrower (the “Original Note”). On May 31st, 2018 the Noteholder agreed to provide an additional three hundred thousand dollars ($300,000) of funds to the Borrower and surrendered the Original Note, in return for which the Noteholder was issued this Note.

Global Note to Certificated Note. Subject to [Section 2.11(a)], if a holder of a beneficial interest in a Global Note deposited with DTC wishes at any time to transfer its interest in such Global Note to a Person who wishes to take delivery thereof in the form of a corresponding Certificated Note, such holder may, subject to the immediately succeeding sentence and the rules and procedures of Euroclear, Clearstream and/or DTC, as the case may be, transfer, or cause the transfer of, such interest for a Certificated Note. Upon receipt by the Registrar of # a certificate substantially in the form of Exhibit B-22] attached hereto executed by the transferee and # appropriate instructions from DTC, if required, the Registrar will approve the instructions at DTC to reduce, or cause to be reduced, the Global Note by the aggregate principal amount of the beneficial interest in the Global Note to be transferred and record the transfer in the Register in accordance

Mortgage Note” means the promissory note or other evidence of the indebtedness of a Mortgagor secured by a Mortgage.

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