Common use of CONVERSION ELECTION NOTICE Clause in Contracts

CONVERSION ELECTION NOTICE. Written notice delivered by Borrower to Bank that Borrower has elected to convert the Borrower Loan from the Construction Phase to the Permanent Phase.

Appears in 3 contracts

Samples: Construction and Permanent Loan Agreement, Construction and Permanent Loan Agreement, Funding Loan Agreement

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CONVERSION ELECTION NOTICE. Written notice delivered by Borrower to Bank that Borrower Xxxxxxxx has elected to convert the Borrower Loan from the Construction Phase to the Permanent Phase.

Appears in 2 contracts

Samples: Construction and Permanent Loan Agreement, Funding Loan Agreement

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