Construction Finance Sample Clauses
The Construction Finance clause outlines the terms and conditions under which funding is provided for a construction project. It typically specifies the sources of financing, the schedule for disbursement of funds, and any requirements or milestones that must be met before payments are released, such as completion of certain phases or submission of progress reports. This clause ensures that the project has adequate financial resources at each stage, reducing the risk of delays or stoppages due to lack of funds and providing clarity to all parties about how and when payments will be made.
Construction Finance. The Promoter has taken construction finance for construction of the Project from ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Investments Limited by mortgaging the Project Land and the construction Provided However That any such mortgage if it relates to the Designated Apartment shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.
Construction Finance. The Promoter has applied for construction finance for construction of the Project from State Bank of India by mortgaging the Project Land and the constructions thereat Provided However That any such mortgage, if it relates to the Designated Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed by the Promoter in favour of the Allottee in terms hereof.
Construction Finance. The Promoter has taken construction finance for construction of the Project from by mortgaging the said Land and the construction
Construction Finance. The Promoter has applied/is in the process of applying for construction finance for construction of the Project from LIC Housing Finance
Construction Finance. The Promoter has taken construction finance for construction of the Project from Bajaj Housing Finance limited - by mortgaging the Project Land and the constructions thereat Provided However That any such mortgage, if it relates to the Designated Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed by the Promoter in favour of the Allottee in terms hereof.
Construction Finance. The Promoter has taken construction finance for construction of the Project from Venus Funds Management Limited (an NBFC Company) by mortgaging the Project Land and the constructions thereat Provided However That any such mortgage, if it relates to the Designated Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed by the Promoter in favour of the Allottee in terms hereof.
Construction Finance. Loan Interest Constr. Loan Fee Constr. Origination Appraisal Title and Recording Other Permanent Loan Fee Permanent Origination Title and Recording Other Tax Credit Appl. Fee Tax Credit Mon. Fee Marketing Expense Organizational Exp.
Construction Finance. The Promoter has not taken any construction finance for construction of the Project from any bank or financial institution.
Construction Finance. The Promoter has taken construction finance for construction of the Project from SBI SMA Exim Branch. by mortgaging, inter-alia, the Project Land and the constructions thereat Provided However That any such mortgage, if it relates to the Designated Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed by the Promoter in favour of the Allottee in terms hereof.
Construction Finance. Each Owner shall, by a date reasonably in advance of commencement of construction with respect to such Owner’s Casino Operation (if applicable) and reasonably acceptable to Manager and the applicable Owner, provide to Manager with evidence of the availability of sufficient construction finance to complete the construction in accordance with the related Construction Budget and sufficient working capital or reserves as may be required by the lenders or mortgagees to commence such construction.