Building Loan Agreement. The Building Loan Agreement;
Building Loan Agreement. The Building Loan Agreement dated January 12, 2010 by and among the Borrower, the Administrative Agent and the Co-Lender, as supplemented by that certain supplemental building loan agreement, dated January 19, 2011, and as the same may be further supplemented, amended, modified or replaced from time to time.
Building Loan Agreement. The loan agreement to be executed by and between the Lender and the Partnership.
Building Loan Agreement. This Note is subject to the provisions of that certain Building Loan Agreement between Bank and Borrower of even date herewith, as modified from time to time (the “Building Loan Agreement”).
Building Loan Agreement. Building Loan Agreement, which shall, among other things, govern all disbursements of Construction Loan proceeds, including whether such disbursements shall be made through a construction escrow agreement established with the Title Company (hereinafter defined), and shall set forth all Lender requirements for the Project budget, retainage requirements, the opening of the Construction Loan, the initial disbursement of the proceeds thereof, and all subsequent disbursements thereof.
Building Loan Agreement. This Mortgage is executed in conjunction with a Building Loan Agreement dated of even date herewith, and any breach, violation or default in the performance of any covenant required to be performed under the Building Loan Agreement shall be an Event of Default under this Mortgage. Where used herein, the word, "Mortgagor" may be read "Mortgagors" where applicable.
Building Loan Agreement. This is a building loan and "construction loan" mortgage, the proceeds of which are loaned for the purpose of financing the construction of the Improvements at the Mortgaged Property. This Mortgage is subject to all of the terms and conditions of the Building Loan Agreement, which Building Loan Agreement and all of the terms, provisions, covenants, representations and warranties contained therein are by this reference hereby incorporated herein and made a part hereof with the same force and effect as if set forth at length herein. The proceeds of the building loan secured hereby are to be advanced by Mortgagee from time to time in accordance with the provisions of the Building Loan Agreement, and all advances made and all indebtedness arising and accruing under the Building Loan Agreement shall be secured hereby. Mortgagor shall observe and perform all of the terms and conditions of the Building Loan Agreement on Mortgagor's part to be observed and performed. In the event of any conflict between the terms and conditions of this Mortgage and those of the Agreement, the terms and conditions which shall enlarge the rights and remedies of Mortgagee and the interest of Mortgagee in the Mortgaged Property, afford Mortgagee greater financial security in the Mortgaged Property and better assure payment of the Construction Loan in full shall control.
Building Loan Agreement. This Building Loan Agreement, the Indenture, the Building Loan Mortgage and the Loan Agreement (copies of which are annexed hereto and incorporated herein as Exhibits B, C and D, respectively) shall, taken together, constitute the building loan agreement for the financing of the Construction Costs of the Project. The Building Loan Proceeds shall be secured by, among other things, the Building Loan Mortgage and shall be deposited, disbursed, applied and advanced subject to and in accordance with the applicable provisions of the Indenture and the Loan Agreement. The Company shall on demand by the Trustee do any act or execute any additional documents reasonably required by the Trustee to confirm the lien of the Building Loan Mortgage or to comply with the provisions of the Lien Law of the State of New York. The Company shall further cause to be filed in the Office of the Register of The City of New York in Kings County, all necessary amendments to this Building Loan Agreement as may be appropriate to reflect any changes in the amount of the Construction Costs. The Company further agrees to apply the proceeds of each of the Acquisition Loan Proceeds and the Indirect Costs Loan Proceeds (which proceeds shall be advanced separately and independently from the Building Loan Proceeds and which shall not depend upon the progress of the construction of the Project) to pay for costs other than Construction Costs.
Building Loan Agreement. Each disbursement from the Project Fund shall be subject to the conditions and provisions of the Building Loan Agreement and the Indenture.
Building Loan Agreement. This Security Instrument is made pursuant to a Building Loan Agreement between the Mortgagor, Mortgagee and Lenders bearing even date herewith, intended to be filed in the Office of the Clerk of the County in which the Property is located on or before the date of the recording of this Security Instrument and this Security Instrument is subject to all of the provisions of the Building Loan Agreement including, without limitation, the provisions thereof entitling Mortgagee to declare the entire indebtedness secured hereby to be immediately due and payable following an Event of Default, all of which provisions are incorporated herein with the same force and with like effect as if they were fully set forth herein at length and made a part hereof.
