Construction Financing Sample Clauses

Construction Financing. Tenant shall be solely responsible for procuring and obtaining any new line of credit or asset-level construction financing which Tenant requires in connection with the Redevelopment of the Property, and Tenant shall have the right to grant one or more leasehold mortgages encumbering its leasehold interest in the Property in accordance with the terms of Section 14. The Parties agree that this Lease and the Redevelopment contemplated hereunder shall not require a construction-related completion bond.

Construction Financing. The Owner shall have received construction financing in the full amount of the Contract Price by October 1, 1997.

Construction Financing. “Construction Financing” means any loan or other borrowings by the Company, in accordance with the Development Plan, for the predevelopment and/or development of the Project, which is secured, in whole or in part, by Company Assets.

Construction Financing. Developer shall have obtained, and the City shall have approved, Construction Financing for the Residential Component as provided in Section 311.1 hereof, and such Construction Financing shall have closed and funded or be ready to close and fund upon the First Closing.

Construction Financing. City shall have approved, which approval shall not be unreasonably withheld, conditioned or delayed, (i) the Preliminary Evidence of Financing for the Project, and (ii) if Developer will be obtaining financing from a third-party source not affiliated with Developer (as opposed to internal financing which requires an unconditional written commitment to provide such funding), the documents evidencing such Construction Financing (if any) to confirm that such Construction Financing (if any) contains substantially similar terms as the Preliminary Evidence of Financing. Such Construction Financing (if any) for the Project shall be on substantially similar terms as the approved Preliminary Evidence of Financing unless otherwise approved by City, which approval shall not be unreasonably withheld, conditioned or delayed, and any third-party debt portion of such Construction Financing (if any) shall record and begin funding concurrently with the Closing and the Developer or Affiliate provides written evidence of the commitment to construct consistent with this Agreement.

Construction Financing. Bluerock shall use commercially reasonable efforts to obtain a construction loan for the Company from a construction lender reasonably acceptable to ArchCo (the “Construction Lender”) at prevailing rates and terms (the “Construction Loan”). If the Company is required to provide some form of credit enhancement to the Construction Lender in order to secure the Construction Loan (a “Construction Loan Guarantee”), Bluerock shall guarantee payment of the Construction Loan or provide such other form of credit enhancement requested by the Construction Lender and reasonably acceptable to Bluerock. If required by the Construction Lender, Bluerock shall also provide the Construction Lender with a completion guarantee reasonably acceptable to Bluerock (the “Completion Guarantee;” and collectively with any Construction Loan Guarantee, the “Bluerock Guaranties”), guaranteeing that the Property will be completed within the estimated time frame and estimated project cost set forth in the Construction Loan documents.

Construction Financing. If Owner and AtHome have both accepted Contractor's cost estimate for the Proposed Building pursuant to Paragraph 2.3.3 above, Owner shall have a period of thirty (30) days after such mutual acceptance of the cost estimate to use reasonable efforts to attempt to obtain a loan for the costs of constructing the Proposed Building ("Construction Financing"), in an amount not less than the total amount of estimated Development Costs (as defined in Paragraph 1 of Exhibit D hereto), less the Land Value (as defined in Paragraph 1.1 of Exhibit D hereto), under such commercially reasonable terms and conditions as shall be reasonably acceptable to Owner (including, if necessary, a commercially reasonable completion guaranty provided by Owner); provided, however, that in no event shall Owner be required to provide any other form of credit enhancement or any third party guaranty as security for such Construction Financing, including without limitation any guaranty from the partners or members of Owner. If Owner is unable to obtain Construction Financing under such commercially reasonable terms, Owner may, by giving written notice to AtHome within such 30-day period, elect to terminate its obligation to construct such Proposed Building, in which event such Build to Suit Option and all unexercised Build to Suit Options shall terminate and cease to be of any force or effect, effective upon the expiration of such 30-day period; provided, however, that if within such 30-day period AtHome delivers written notice to Owner whereby AtHome covenants and agrees to provide the "AtHome Loan" (as defined below) to Owner to finance the cost of constructing the Proposed Building, and AtHome funds the AtHome Loan in accordance with the following terms and conditions, then such Build to Suit Option and all unexercised Build to Suit Options shall remain in full force and effect. The AtHome Loan shall be interest-free; in an amount not less than the total amount of estimated Development Costs less the Land Value; and for a term, with a funding schedule, and on such other terms and conditions as shall be commercially reasonable, as reasonably determined by Owner (including, if necessary, a commercially reasonable completion guaranty provided by Owner); provided, however, that in no event shall Owner be required to provide any other form of credit enhancement or any third party guaranty as security for the AtHome Loan. The AtHome Loan shall be evidenced by such commercially reasonable loan ...

Construction Financing. (a) The Lessee has entered into the Agency Agreement with the Lessor pursuant to which the Lessee as Construction Agent has agreed to complete the construction of the Improvements. The Improvements shall, as the construction of same is completed upon the Fee Parcels, or the Easement Parcels, as the case may be, become a part of the Improvements, and title thereto shall remain in the Lessor. (b) In order to finance the acquisition by the Lessor of its interest in the Parcels and the Initial Improvements and to finance the cost of construction of the Improvements, the Note Purchasers, as contemplated by the Participation Agreement, will advance to the Trustee the Actual Project Costs up to their respective Note Commitments and the Certificate Purchasers will make Investments in the 1995 Ferro Plant Trust equal to its Certificate Commitment, and in consideration therefor, the Trustee will issue the Interim Notes, Series 1 A- Notes and Series 1 B-Notes to the Note Purchasers and the Certificates to the Certificate Purchasers pursuant to the Declaration. (c) On the Interim Note Maturity Date, the Interim Notes will, as provided in the Participation Agreement, be refinanced through the issuance of a specified proportion of Series 2 A-Notes and Series 2 B-Notes to be issued under the Declaration in an aggregate principal amount equal to the aggregate principal amount of, and accrued but unpaid interest on, the Interim Notes. The Lessee agrees to execute and deliver such supplements, amendments, certificates and other documents which shall reasonably be necessary to effect the issuance of the Series 2 A-Notes and Series 2 B-Notes.

Construction Financing. The City shall have approved, which approval shall not be unreasonably withheld, the Preliminary Evidence of Financing for the Residential Component. City shall also have approved the documents evidencing the Construction Financing for the Residential Component to confirm that the Construction Financing for the Residential Component contains substantially similar terms as the Preliminary Evidence of Financing. The Construction Financing for the Residential Component shall be on substantially similar terms as the approved Preliminary Evidence of Financing unless otherwise approved by City, which approval shall not be unreasonably withheld, and the debt portion of such Construction Financing shall be ready to record and fund concurrently with the Closing.

Construction Financing. Seller agrees that any default by Seller or any affiliate of Seller, or any principal thereof, under any of the documents evidencing, securing or entered into in connection with the financing obtained by Seller with respect to the construction of the Improvements, which default is not cured within any applicable notice and/or cure period set forth in such loan documents, shall constitute a default by Seller under this Agreement, with respect to which there shall be no cure rights under Section 8.3 hereof.