Common use of Construction Loan Term Clause in Contracts

Construction Loan Term. The Construction Loan term shall run for a period beginning on the date of this Agreement and ending on the Conversion Date. On the Conversion Date, the Construction Loan shall become fully due and payable, except for that part, if any, of the Construction Loan which is converted into a Term Loan pursuant to the terms of this Agreement.

Construction Loan Term. The Construction Loan term shall run for a period beginning on the date of this Agreement Closing Date and ending on the Conversion Date. On the Conversion Date, the Construction Loan shall become fully due and payable, except for that part, if any, amount of the then unpaid principal balance of the Construction Loan which is and any and all other amounts due and owing hereunder or under any other Construction Loan Document relating to this Construction Loan shall be converted into a Term Loan pursuant to the terms of the MLA and this AgreementFirst Supplement and a Term Revolving. Loan pursuant to the Second Supplement to the MLA.

Construction Loan Term. The Construction Loan term shall run for a period beginning on the date of this Agreement Closing Date and ending on the Conversion Date. On the Conversion Date, the amount of the unpaid principal balance of the Construction Loan and all other amounts due and owing hereunder or under any other Loan Document relating to the Construction Loan shall become fully be due and payable, except for that part, if any, of the Construction Loan which is converted into a Term Loan pursuant to the terms of the MLA and this AgreementFirst Supplement, and into a Term Revolving Loan pursuant to the terms of the MLA and the Second Supplement.