Bank Construction Loan definition

Bank Construction Loan has the meaning set forth in Section 1.1(h)(i).
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Examples of Bank Construction Loan in a sentence

  • If Borrower fails to so deliver such a Notice of Conversion of Loan Type, such Related Bank Construction Loan shall automatically convert to a Base Rate Loan on the last day of the then current Interest Period.

  • A Lender Group Tranche A Construction Loan may consist of a CP Conduit Construction Loan (as defined below) or a Related Bank Construction Loan (as defined below) in accordance with the following two sentences.

  • A Lender Group Construction Loan may consist of a CP Conduit Construction Loan (as defined below) or a Related Bank Construction Loan (as defined below) in accordance with the following two sentences.

  • Xxxxxx -------------------------------- Senior Vice President -------------------------------- Commitment Lending Office Percentage: First Union National Bank 32.86% First Union Plaza 000 Xxxxxxxxx Xxxxxx, X.X., Xxxxx 000 Xxxxxxx, Xxxxxxx 00000 Attention: Xxxxx Xxxxxx Telecopier number: 000-000-0000 Confirmation number: 000-000-0000 with a copy of all notices to: First Union National Bank Construction Loan Administration Xxxx 000 X.

  • Capital Structure 6.3%35.5%58.2%Sources of CapitalBank Construction Loan $ 32,788,780AAFF IV Equity 20,000,000Developer Equity 3,529,412Total Sources of Capital 56,318,192 Bank Construction Loan AAFF IV Equity Developer EquityUses of CapitalLand & Related 8,670,000Hard Construction Costs 33,340,000 Furniture, Fixtures & Equipment 400,000Soft Costs 9,594,289Financing Costs 4,313,904Total Uses of Capital 56,318,192 The Developer is contributing 15% of the Project’s total equity.

  • Zimmer)C2.Update on Transportation Bank Construction Loan Program Production (hand-out)(D.

  • The amount(s) assumed for this letter are as follows:• $22,000,000 Wells Fargo Bank Construction Loan- The loan will have a variable rate and cushion as defined in the Construction Bridge Loan term sheet, an initial term of at least 20 months, with 2 three-months of extension option, and be repaid from equity and permanent proceeds.

  • Name of Lender/Source Wells Fargo Bank Construction Loan 45 Fremont Street, 9th Floor San Francisco Lori A.

  • Deutsche Bank Construction Loan Donald Trump, in his capacity as President of the Trump Old Post Office LLC, borrowed $170 million from Deutsche Bank on August 12, 2014, to fund the renovation of the OPO building into the Trump International Hotel.

  • Subordination agreement of existing HOME Investment Partnership Program (HOME) Mortgage on 1211 Forest Avenue to Central Bank Construction Loan to Home Opportunities Made Easy (HOME, Inc.).

Related to Bank Construction Loan

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Acquisition and Construction Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Construction Lender means a person who makes a construction loan.

  • Interest Reserve Loan Each Actual/360 Mortgage Loan.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Original construction ’ shall mean the first or initial construction

  • Loan Advance The meaning specified in Section 2.2(a).

  • Equipment Advance is defined in Section 2.1.1.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Existing construction means any structure for which the "start of construction" commenced before the effective date of the initial floodplain management code or ordinance adopted by the community as a basis for that community's participation in the NFIP.

  • Foreign construction material means a construction material other than a domestic construction material.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.