Common use of Construction Loan Principal Payments Clause in Contracts

Construction Loan Principal Payments. Borrowers shall repay to Administrative Agent, for the account of each Lender, in full on the Construction Loan Maturity Date the unpaid principal amount of all Construction Loans made by such Lender which will not be Term-Converted to Term Loans and at such time as provided in Section 2.1.2(a), together with any unpaid interest, fees and costs related thereto. Borrowers may not re-borrow the principal amount of any Construction Loan so repaid.

Construction Loan Principal Payments. Borrowers Borrower shall repay to Administrative Agent, for the account of each Lenderthe Lenders, in full on the Construction Loan Maturity Date Date, the unpaid principal amount of (together with accrued and unpaid interest on) all Construction Loans made by such Lender the Lenders which will have not be Term-Converted to been extended and converted into a Term Loans and at such time Loan as provided in Section 2.1.2(a2.2(a), together with any remaining unpaid interestfees, fees costs and costs related thereto. Borrowers may not re-borrow the principal amount of any other amounts due and payable in accordance with this Financing Agreement, at which time such Construction Loan so Loans shall be considered fully repaid.

Construction Loan Principal Payments. Borrowers Borrower shall repay to Administrative Agent, for the account of each Lenderthe Lenders, in full on the Construction Loan Maturity Date Date, the unpaid principal amount of (together with accrued and unpaid interest on) all Construction Loans made by such Lender the Lenders which will have not be Term-Converted to been extended and converted into a Term Loans and at such time Loan as provided in Section 2.1.2(a2.2(a), together with any remaining unpaid interest, fees and costs related thereto. Borrowers may not re-borrow the principal amount of any due and payable in accordance with this Agreement, at which time such Construction Loan so Loans shall be considered fully repaid.

Construction Loan Principal Payments. Borrowers Borrower shall repay to Administrative Agent, for the account of each Lender, in full on the Construction Loan Maturity Date the unpaid principal amount of all Construction Loans made by such Lender which will not be Term-Converted to Term Loans and at such time as is provided in Section 2.1.2(a), together with any unpaid interest, fees and costs related thereto. Borrowers 2.1.2 (a) Borrower may not re-borrow the principal amount of any Construction Loan so repaid.