Building Loan definition

Building Loan means the loan made by Lender to Borrower pursuant to this Agreement in the principal amount of up to the Building Loan Amount.

Building Loan means the building loan procured by the Owner, if applicable, for purposes of financing the payment of the Works and which loan is secured by a mortgage bond;

Building Loan and “Building Loans” has the meaning assigned to such term in Section 1.1 of the Building Loan Agreement.

Examples of Building Loan in a sentence

• At no point shall Loan Advances exceed One Hundred Twenty Eight Million One Hundred Ninety Seven Thousand Eight Hundred Seventy Eight and 00/100 Dollars $(128,197,878.00) under the Building Loan and Nine Million Five Hundred Forty Thousand One Hundred Seventy Seven and 00/100 Dollars ($9,540,177.00) under the Project Loan.

• Lender shall have no obligation to make any Disbursements to Borrower under the Building Loan and/or the Project Loan unless each of the following conditions has been and remains satisfied as of the date of the Disbursement to Borrower.

• In the event that the amounts allocated under the Building Loan and/or the Project Loan to the performance of the MTA Work [***] have not been disbursed to Borrower on or prior to April 22, 2023, Lender shall be permitted in its sole and absolute discretion, to deposit the balance of such amounts allocated under the Building Loan to the completion of the MTA Work into the Loan Reserve, with all disbursements thereof being subject to the conditions to Disbursements set forth in this Agreement.

More Definitions of Building Loan

Building Loan means the loan made by Lenders to Borrower pursuant to the Existing Building Loan Agreement in the principal amount of $215,000,000.00, or so much thereof as remains outstanding under the Building Loan Note.

Building Loan means that certain first mortgage construction loan in the principal amount of up to $500,000,000.00 made by Wells Fargo Bank, National Association as administrative agent and lender, and certain other lenders, to Aurora Convention Center Hotel, LLC, as evidenced by that certain Building Loan Agreement (the “Building Loan Agreement”) dated as of December 18, 2015, as amended.

Building Loan means that certain loan evidenced by the Building Loan Note in the maximum principal amount of up to One Hundred Twenty Eight Million One Hundred Ninety Seven Thousand Eight Hundred Seventy Eight and 00/100 Dollars $(128,197,878.00) made by Lender to Borrower to finance Hard Costs, which Building Loan is secured by, among other things, the Building Loan Mortgage.

Building Loan means the loan made by Lenders to Borrower pursuant to the Building Loan Agreement in the principal amount of up to the Building Loan Amount.

Building Loan means a loan approved by the Bank for construction purposes.

Building Loan means a loan of R ( ) from a financial institution acceptable to the contractor, and which loan shall be secured by a mortgage bond over the land in favour of the said institution.

Building Loan. The portion of the DOE Credit Facility to be advanced pursuant to the terms of the Building Loan Agreement.