Predevelopment Loan Sample Clauses

Predevelopment Loan. Subject to the conditions set forth herein, the Loan proceeds shall be disbursed as the Predevelopment Loan after the Closing Date as defined below. On the Predevelopment Loan Maturity Date, the Predevelopment Loan interest and Predevelopment Loan principal shall be due and payable. The Predevelopment Loan principal shall be repaid from the proceeds of the Construction Loan as described herein. The “Predevelopment Loan Maturity Date” shall be the date which is twenty four (24) months after the date of the Note as may be extended for up to two (2) six (6) month periods as allowed under the Note.
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Predevelopment Loan. Using funds in the LMIHAF, City agrees to loan Xxxxxxxx, and Xxxxxxxx agrees to borrow from and repay to the City, the Predevelopment Loan in the maximum principal amount of TWO HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($250,000.00) according to the terms and conditions set forth in this Agreement:
Predevelopment Loan. Proceeds advanced by the City pursuant to this Agreement are advanced wholly for the benefit of Borrower;
Predevelopment Loan. The City hereby agrees to loan to Developer and Developer hereby agrees to borrow from the City, in such allocation and amounts as may be determined by the City, but in no event shall such loan exceed One Hundred Fifty Thousand Dollars ($150,000) (the "Predevelopment Loan") and to utilize the proceeds of the Predevelopment Loan in accordance with the terms and conditions of the Predevelopment Loan Documents and the HOME Regulations. The City shall make the Predevelopment Loan to Developer solely from funds available pursuant to the HOME Program. The Predevelopment Loan Proceeds shall be dispersed to Developer solely from such available funds as provided herein and shall be used by Developer solely to pay Eligible Predevelopment Costs.

Related to Predevelopment Loan

  • FLORIDA PREPAID COLLEGE PROGRAM FOR HOUSING If the Student has or is a beneficiary of a Florida Prepaid College Dormitory Program (FPCDP) housing plan, UCF DHRL can bill the FPCDP housing plan to cover most prepayments and rental amounts. However, the Student is hereby notified that:

  • Development of the Project 4.1 TSP's obligations in development of the Project: Subject to the terms and conditions of this Agreement, the TSP at its own cost and expense shall observe, comply with, perform, undertake and be responsible:

  • STUDENT For the purpose of this Collective Agreement, the term Student shall mean a person who, except for summer vacation period or work study period, would normally be attending full time at High School, Vocational School, or University and taking subjects relating to the Refrigeration and Air Conditioning Trade. The intention of this clause is to enable the Employer to give practical experience during summer months to a person whose declared intention is to seek employment in the Trade upon graduation from school, and is not intended as a source of casual labour.

  • Construction Development of the Project The Allottee has seen the proposed layout plan/demarcation-cum-zoning/sanctioned plans, / site plan / building plan, specifications, amenities and facilities, etc. depicted in the advertisement / brochure / agreement / website (as the case may be) regarding the Project where the Said Independent Floor for residential usage along with parking is located and has accepted the floor / site plan, Payment Plan and the specifications, amenities, facilities, etc. [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the bye-laws such as Haryana Building Code, 2017, FAR, density norms, provisions prescribed, approved plans, terms and condition of the license/ allotment as well as registration of RERA, etc. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the provisions and norms prescribed by the relevant State laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act and Rules made thereunder or as per approvals/instructions/ guidelines of the competent authorities, and any breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • PROJECT 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Program Funding Upon entry into force of this Compact, MCC will grant to the Government, under the terms of this Compact, an amount not to exceed Four Hundred Eight Million Eight Hundred Fifty Thousand United States Dollars (US$408,850,000) to support the Program (“Program Funding”). The allocation of Program Funding is generally described in Annex II to this Compact.

  • Affordable Housing The Owner covenants with the Council as follows:-

  • COOPERATIVE PURCHASING PROGRAM PARTICIPATION Arkansas' Purchasing Law provides that local public procurement units (counties, municipalities, school districts, certain nonprofit corporations, etc.) may participate in state purchasing contracts. The contractor therefore agrees to sell to Cooperative Purchasing Program participants at the option of the program participants. Unless otherwise stated, all standard and special terms and conditions listed within the contract must be equally applied to such participants.

  • Projects The Annexes attached hereto describe the specific projects and the policy reforms and other activities related thereto (each, a “Project”) that the Government will carry out, or cause to be carried out, in furtherance of this Compact to achieve the Objectives and the Compact Goal.

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