Construction Loan Closing Sample Clauses

Construction Loan Closing. Constructio n Loan Closing is the date that the Construction Loan Deed of Trust (as defined in the DDA) is recorded in the official records of San Diego County.
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Construction Loan Closing. The Permitted Mortgagee for the Construction Loan and Developer shall be prepared to close the Construction Loan concurrently with the applicable Close of Escrow, and Developer shall have provided to the City written verification from Escrow Holder confirming that the deed of trust for such Construction Loan shall be recorded in conjunction with the closing of the Construction Loan has been fully executed and acknowledged and in Recordable form and deposited into Escrow by the Permitted Mortgagee for the Construction Loan, substantially in the amount set forth in the Updated Financing Plan approved by the City pursuant to Section 4.6.2(a).
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Construction Loan Closing. The execution and delivery by the Partnership to the Construction Lender of the documents evidencing and securing the Construction Loan and the advance by the Construction Lender of the initial draw under the Construction Loan.
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Construction Loan Closing. The closing of the Construction Loan. Developer. Woodfield Development Company, LLC, a Delaware limited liability company, acting in such capacity pursuant to Section 6.8.
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Construction Loan Closing. This Lease is contingent upon Landlord closing, by January 15, 2010 (the “Closing Deadline”), a construction loan to finance the Base Building Costs on terms and conditions reasonably satisfactory to Landlord (the “Construction Loan”), whether pursuant to the Commitment or otherwise, it being agreed that a construction loan on the terms and conditions provided in the Commitment will be satisfactory to Landlord (the “Closing Contingency”). Landlord will proceed with commercially reasonable due diligence and in good faith to attempt to satisfy the Closing Contingency, and will give Tenant prompt written notice of the satisfaction or failure of the Closing Contingency. With any notice of satisfaction of the Closing Contingency, Landlord shall furnish to Tenant reasonable evidence that Landlord has closed the Construction Loan satisfying the Closing Contingency. At the request of Landlord or Tenant at any time upon or after satisfaction of the Closing Contingency, the parties shall confirm in writing the date on which Landlord closed the Construction Loan satisfying the Closing Contingency (such date being called the “Construction Loan Closing Date”). If the Closing Contingency has not been satisfied by the Closing Deadline, then, unless Landlord and Tenant agree in writing to extend the Closing Deadline, this Lease shall terminate and the parties shall have no further obligations hereunder. The Closing Contingency is for the benefit of both Landlord and Tenant, and neither Landlord nor Tenant shall have the unilateral right to waive the Closing Contingency.
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Construction Loan Closing. The closing of the Construction Loan has occurred, the Construction Loan Documents shall provide the Investor Limited Partner with such notices of default, cure rights, and rights to remove the General Partners and the Special Limited Partner without Construction Lender’s consent, as shall be required by the Investor Limited Partner and the Construction Loan documents shall be in form and substance consistent with the Projections and satisfactory to the Investor Limited Partner, and the initial funding under the Construction Loan has occurred to the extent provided in the Construction Loan Documents.
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Construction Loan Closing 
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Related to Construction Loan Closing

  • Construction Loan Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in this Agreement, the Lender has agreed to lend to Borrower and Borrower has agreed to borrow from Lender the lesser of: (i) $27,000,000.00; or (ii) 55% of the Project Costs. Such amount shall be loaned by Lender pursuant to the terms and conditions set forth in this Agreement and the First Supplement to this Agreement.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • Initial Advance On or prior to the Closing Date, Borrower shall have delivered to Agent the following:

  • Funding Date The obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

  • Facility Closings Not later than 11:30 A.M. (New York City local time) on the Closing Day for any Accepted Notes, the Company will deliver to each Purchaser listed in the Confirmation of Acceptance relating thereto at the offices of Prudential Capital Group, 000 Xxxxx Xxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000, Attention: Law Department, or at such other place as Prudential may have directed, the Accepted Notes to be purchased by such Purchaser in the form of one or more Notes in authorized denominations as such Purchaser may request for each Series of Accepted Notes to be purchased on the Closing Day, dated the Closing Day and registered in such Purchaser’s name (or in the name of its nominee), against payment of the purchase price thereof by transfer of immediately available funds for credit to the Company’s account specified in the Request for Purchase of such Notes. If the Company fails to tender to any Purchaser the Accepted Notes to be purchased by such Purchaser on the scheduled Closing Day for such Accepted Notes as provided above in this paragraph 2A(7), or any of the conditions specified in paragraph 3 shall not have been fulfilled by the time required on such scheduled Closing Day, the Company shall, prior to 1:00 P.M., New York City local time, on such scheduled Closing Day notify Prudential (which notification shall be deemed received by each Purchaser) in writing whether (i) such closing is to be rescheduled (such rescheduled date to be a Business Day during the Issuance Period not less than one Business Day and not more than 10 Business Days after such scheduled Closing Day (the “Rescheduled Closing Day”)) and certify to Prudential (which certification shall be for the benefit of each Purchaser) that the Company reasonably believes that it will be able to comply with the conditions set forth in paragraph 3 on such Rescheduled Closing Day and that the Company will pay the Delayed Delivery Fee in accordance with paragraph 2A(8)(iii) or (ii) such closing is to be canceled. In the event that the Company shall fail to give such notice referred to in the preceding sentence, Prudential (on behalf of each Purchaser) may at its election, at any time after 1:00 P.M., New York City local time, on such scheduled Closing Day, notify the Company in writing that such closing is to be canceled. Notwithstanding anything to the contrary appearing in this Agreement, the Company may not elect to reschedule a closing with respect to any given Accepted Notes on more than one occasion, unless Prudential shall have otherwise consented in writing.

  • Initial Advances The obligation of each Lender to make the initial Advance to be made by it or of the Administrative Agent to issue the initial Letters of Credit is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

  • Term Loan Advance Subject to Section 2.3(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus three percent (3.00%), which interest shall be payable monthly.

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