Building Loan Amount definition

Building Loan Amount means Twenty-Three Million Twenty-Six Thousand Nine Hundred Six and 60/100 Dollars ($23,026,906.60).
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Building Loan Amount shall have the meaning set forth in the Building Loan Agreement.
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Building Loan Amount means Two Hundred Million and No/100 ($200,000,000.00) Dollars.
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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.

  • 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).

  • No Lender is obligated to fund amounts in excess of its ratable share of the Building Loan Amount and not more than its ratable share of any category or line item set forth in any Budget.

  • The obligation of Borrower to pay each Lender’s ratable share of the Building Loan Amount and any other sums advanced by each Lender to Borrower under the Building Loan Documents, plus all interest accrued thereon, shall be evidenced by the Building Loan Notes.


More Definitions of Building Loan Amount

Building Loan Amount means TWO HUNDRED FIFTEEN MILLION and NO/100 DOLLARS ($215,000,000.00), or so much thereof as remains outstanding under the Building Loan Note. It being acknowledged that after the assignment of Substitute Building Loan Note B and Substitute Building Loan Mortgage B to the BLP Unit Lender, the amount that will remain outstanding on the Building Loan will be NINETY MILLION and NO/100 DOLLARS ($90,000,000.00).
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Building Loan Amount means TWO HUNDRED FIFTEEN MILLION and NO/100 DOLLARS ($215,000,000.00).
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Building Loan Amount. Project Loan Mortgage" and "Supplemental Loan Costs" are hereby amended as follows:
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Building Loan Amount means $170,529,479.
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Building Loan Amount shall have the meaning set forth in Section 2.6.2(m)(B).
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Building Loan Amount means $87,975,000.00.
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Building Loan Amount shall have the meaning set forth in the Building Loan Agreement. “Building Loan Assignment of Leases” shall have the meaning set forth in the Building Loan Agreement. “Building Loan Documents” shall have the meaning set forth in the Building Loan Agreement. “Building Loan Earn Out Advance” shall have the meaning set forth in Section 2.12.2 hereof. “Building Loan Mortgage” shall have the meaning set forth in the Building Loan Agreement. “Building Loan Note” shall have the meaning set forth in the Building Loan Agreement. “Contingency Excess” shall have the meaning set forth in Section 2.1.7(b) hereof. “Debt” shall mean the outstanding principal amount of the Project Loan set forth in, and evidenced by, this Agreement, the Project Loan Note and the other Project Loan Documents, together with all interest accrued and unpaid thereon and all other sums due to Lender in respect of the Project Loan under the Project Loan Note, this Agreement, the Project Loan Mortgage or any other Project Loan Document. “Debt Service” shall mean, with respect to any particular period of time, the aggregate scheduled principal and interest payments due under this Agreement and the Project Loan Note. “Defeasance Date” shall have the meaning set forth in Section 2.5.1(a)(i) hereof. “Defeasance Event” shall have the meaning set forth in Section 2.5.1(a) hereof. “Earn Out Advances” shall have the meaning set forth in Section 2.12.2 hereof. “Event of Default” shall have the meaning set forth in Section 8.1(a) hereof. “Final Advance” shall have the meaning set forth in Section 2.12.1 hereof. “Final Building Loan Advance” shall mean the Final Advance as defined in Section 2.12.1 of the Building Loan Agreement. 2
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