Common use of Construction Loan Principal Payments Clause in Contracts

Construction Loan Principal Payments. Borrower shall repay to Administrative Agent, for the account of each Bank, in full on the Loan Maturity Date the unpaid principal amount of all Construction Loans made by such Bank.

Construction Loan Principal Payments. Borrower shall repay to Administrative Agent, for the account of each Bankthe 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 the Lenders which have not been extended and converted into a Term Loan as provided in Section 2.2(a), together with any remaining unpaid fees, costs and other amounts due and payable in accordance with this Financing Agreement, at which time such BankConstruction Loans shall be considered fully repaid.

Construction Loan Principal Payments. Borrower shall repay to Administrative Agent, for the account of each Bankthe 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 the Lenders which have not been extended and converted into a Term Loan as provided in Section 2.2(a), together with any remaining unpaid fees and costs due and payable in accordance with this Agreement, at which time such BankConstruction Loans shall be considered fully repaid.