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).

Building Loan Amount shall have the meaning set forth in the Building Loan Agreement.

Building Loan Amount means TWO HUNDRED FIFTEEN MILLION and NO/100 DOLLARS ($215,000,000.00).

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).

• Any Advance by Lender of the Building Loan Amount made prior to or without the fulfillment by Borrower of all of the conditions precedent thereto described in this Section 2.5, whether or not known to Agent or Lender, shall not constitute a waiver by Agent or Lender of the requirement that all conditions, including the non‑performed conditions, shall be required with respect to all additional Advances.

• No Lender is obligated to fund amounts in excess of its Ratable Share of the Building Loan Amount, but if the Building Loan Amount is increased or Agent makes funds available in excess of the total Building Loan Amount, each Lender shall have the right to elect at its own discretion whether to provide funds to Agent to fund amounts in excess of the Building Loan Amount.

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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).

Building Loan Amount means Two Hundred Million and No/100 ($200,000,000.00) Dollars.

Building Loan Amount. Project Loan Mortgage" and "Supplemental Loan Costs" are hereby amended as follows:

Building Loan Amount means $170,529,479.

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

Building Loan Amount means $87,975,000.00.

Building Loan Amount shall have the meaning set forth in Section 2.6.2(g)(B). “Building Loan Documents” shall mean the “Loan Documents” as defined in the Building Loan Agreement and Supplemental Building Loan Agreement. “Building Loan Outstanding Principal Balance” shall mean the “Outstanding Principal Balance” as defined in the Building Loan Agreement and Supplemental Building Loan Agreement. “Building Loan Pro Forma Debt Service” shall mean the “Pro Forma Debt Service” as defined in the Building Loan Agreement and the Supplemental Building Loan Agreement. “Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday on which national banks are not open for general business in the State of New York. “Capital Expenditures” shall mean, for any period, amounts expended for replacements and alterations to the Property, excluding any Tenant Improvements or Other Tenant Improvements, which are required to be capitalized according to Accounting Principles. “Capital Expenditures Work” shall mean any labor performed or materials installed in connection with any Capital Expenditure. “Capped Benchmark Rate” shall mean five and one-half percent (5.50%). “Carry Costs” shall mean the sum of the following costs associated with the Property for the applicable period or Fiscal Year: (i) Taxes, (ii) Other Charges, (iii) Insurance Premiums, and (iv) without duplication of the items described in clauses (i) – (iii),