Examples of Building Loan Amount in a sentence
Except as expressly provided for below, the amount of the Final Advance shall be equal to the sum of: (a) any Retainage not previously released and advanced to Borrower; plus (b) the amount of any Punch List and Deferred Maintenance Reserve Deposit; plus (c) the positive difference, if any, between, (i) the Building Loan Amount and (ii) all amounts previously Advanced under the Building Loan (including the amounts described in clauses (a) and (b) of the sentence).
If and to the extent any Lender shall fund amounts in excess of the Building Loan Amount for any purpose, such Lender's Ratable Share of the Building Loan shall be adjusted from time to time based on the total amounts advanced by all of Lenders from time to time in respect of the Building Loan.
No action from the local GRP and station master is taken on this matter.”He added, “This matter needs to be brought to the notice of the traffic police.”Suraj Tungare, a Nerul residentadded, “The entrance to the railway station is regularly blocked with vehicles.
In such event, the Building Loan Amount shall be permanently reduced by any and all Deficiencies unless and until funded as provided in clauses (A) or (B) above or a substitute lender, reasonably acceptable to Lenders other than the Defaulting Lender(s), pays such Deficiency(ies).
The parties hereto acknowledge and confirm that the Building Loan Amount (as defined in the Existing Building Loan Agreement) has been fully funded in the principal amount of $215,000,000.00 pursuant to the Existing Building Loan Agreement and that Lenders have no further obligations to make any advances of the Building Loan under the Existing Building Loan Agreement as amended by this Amendment.