Construction Loan Closing Sample Clauses
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 confirming that the deed of trust to 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).
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.
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.
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.
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.
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.
Construction Loan Closing