Project Lender definition

Project Lender means a commercial bank, savings bank, savings and loan association, credit union or other financial institution that has loaned funds to the Developer to be used for construction of the Redevelopment Project and has secured such loan with a mortgage or security interest in the Redevelopment Project.
Project Lender means a lender providing all or part of the initial construction and/or debt financing for the Facility, or any refinancing thereof, and any fiscal agents, trustees or other nominees acting on its behalf.

Examples of Project Lender in a sentence

  • On the Remaining Commercial Property Closing Date, if a balance remains on the Project Loan or Line of Credit, the Land Acquisition Price shall be, at the Remaining Commercial Property Closing, paid to the Project Lender for application to the Project Loan or Line of Credit.

  • MPA: The Multi-Party Agreement of even date herewith and executed by Developer, City, the Commission and the Project Lender.

  • Until the Project Loan and Line of Credit are satisfied in full, after payment of the amounts owed to the Project Lender in 6(b), all proceeds received from the transfer and conveyance of Commercial Property to any End User shall be, at the Commercial Property Closing, paid to the Project Lender for application to the Project Loan or Line of Credit, in the discretion of the Commission.


More Definitions of Project Lender

Project Lender means any Person (including any trustee, arranger, or agent on behalf of such Person) lending money or extending credit to Seller in connection with the development, construction, ownership, operation, or maintenance of the Project, including any refinancing thereof.
Project Lender has the meaning given to that term in the Shareholders’ Agreement.
Project Lender means (a) any and all lenders providing senior or subordinated construction, interim or long-term debt financing or refinancing to Owner or its Affiliates;
Project Lender has the meaning set forth in Section 2.8.
Project Lender means any lessor or lender party to a Project Financing Agreement.
Project Lender means the U.S. Department of Energy, the Federal Financing Bank, and/or any other provider of a Project Financing that is reasonably acceptable to the Noteholder (such acceptance not to be unreasonably withheld, delayed or conditioned), as applicable.