Real Estate Loan

Real Estate Loan. Shall mean that certain extension of credit from Bank to Real Estate Loan Borrower in the aggregate original principal amount of Forty-Nine Million Four Hundred Seventy-Seven Thousand Two Hundred Fifty and No/100 Dollars ($49,477,250.00), as evidenced by (i) that certain Second Amended, Restated and Consolidated Term Note dated as of June 24, 2021 made by Real Estate Loan Borrower payable to the order of Bank in the original principal amount of Thirty-Five Million and No/100 Dollars... ($35,000,000.00) (as modified, amended, renewed, restated or replaced from time to time, the "Real Estate Note A"), (ii) that certain Term Note dated of even date herewith made by Real Estate Loan Borrower payable to the order of Bank in the original principal amount of Nine Million Three Hundred Seventy-Seven Thousand Two Hundred Fifty and No/100 Dollars ($9,377,250.00) (as modified, amended, renewed, restated or replaced from time to time, the "Real Estate Note B"), and (iii) that certain Term Note to be made by Real Estate Loan Borrower subsequent to the date hereof payable to the order of Bank in the original principal amount of Five Million One Hundred Thousand and No/100 Dollars ($5,100,000.00) (as modified, amended, renewed, restated or replaced from time to time, the "Real Estate Note C"; taken together with Real Estate Note A and Real Estate Note B, individually and collectively, the "Real Estate Note"); provided, however, that in the event the Real Estate Loan evidenced by Real Estate Note C does not close, (a) the aggregate original principal amount of the Real Estate Loan shall be Forty-Four Million Three Hundred Seventy-Seven Thousand Two Hundred Fifty and No/100 Dollars ($44,377,250.00) only, (b) the term "Real Estate Loan" shall mean the indebtedness evidenced by Real Estate Note A and Real Estate Note B only, and (c) the term "Real Estate Note" shall mean Real Estate Note A and Real Estate Note B only. View More

Real Estate Loan. Shall mean that certain extension of credit from Bank to Borrower in the original principal amount of Thirty-Five Million and No/100 Dollars ($35,000,000.00), as evidenced by that certain Second Amended, Restated and Consolidated Term Note dated of even date herewith made by Borrower payable to the order of Bank in the original principal amount of the Real Estate Loan (as modified, amended, renewed, restated or replaced from time to time, the "Real Estate Note").