Completion Advance definition

Completion Advance. Any advance made by Owner upon satisfaction or waiver of the conditions set forth in Section 7 hereof.
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Completion Advance. Any advance made by Owner under Section 7 hereof. Completion Amount: Defined pursuant to subsection 1.2 hereof. Completion Date: September 30, 2004.
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Completion Advance has the meaning set forth in the Agreement for Lease.
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Examples of Completion Advance in a sentence

  • Owner's obligation to make the Completion Advance with respect to a Unit shall be subject to the satisfaction of the conditions set forth in this Section 7 and to the receipt by Owner and any Assignee of the documents set forth in this Section 7, in each case in form and substance reasonably satisfactory to Owner and Assignee.

  • In addition, if Agent elects not to request a Completion Advance, Agent shall satisfy the requirements of paragraph (g) of Section 7 hereof.

  • Owner shall have no obligation to make a Completion Advance unless Owner is satisfied that all such costs were reasonably estimated in the Unit Budget and are adequately set forth in the Certificate of Increased Cost and will be sufficient for payment in full of all costs with respect to such Unit.

  • Owner and any Assignee shall have at least five (5) Business Days to review the Certificate of Increased Cost and its attachments prior to making such Completion Advance.

  • Attached hereto at Tab 1 is a duly executed Request for Completion Advance complying with paragraph (d) of Section 7 of the Agreement.

  • The amount of each Completion Advance shall be made in accordance with and shall not exceed the amount set forth in the Certificate of Increased Cost, shall not cause the Unit Acquisition Cost of the Unit to exceed the Unit Budget, and shall be sufficient for payment in full of all costs that are properly capitalizable and that were not the subject of any previous advance with respect to such Unit.

  • Subject to the terms of this Agreement, Owner agrees to make (a) an Initial Advance with respect to a Unit in accordance with Section 4 of this Agreement, (b) Interim Advances from time to time in accordance with Section 5 of this Agreement, (c) a Final Advance in accordance with Section 6 of this Agreement and (d) a Completion Advance in accordance with Section 7 of this Agreement.

  • A duly executed AIA Document G722 (or a substantially similar document), stating the total amount of the Completion Advance requested, the date on which such advance is to be made, wiring instructions and a specific breakdown of items and costs for which such Completion Advance is to be made.

  • Owner shall have no obligation to make the Completion Advance unless Owner is satisfied that all such costs were reasonably estimated in the Unit Budget and are adequately set forth in the Certificate of Increased Cost and will be sufficient for payment in full of all costs with respect to such Unit.

  • The proceeds of the Completion Advance shall be used to pay in full all costs relating to completion of such Unit for which Agent has received invoices subsequent to such Effective Date.


More Definitions of Completion Advance

Completion Advance. Any advance made by Owner upon satisfaction of the conditions set forth in Section 7 hereof. THIS AGREEMENT FOR LEASE IS CONFIDENTIAL AND PROPRIETARY -3- CONSTRUCTION AGREEMENT: Each agreement between Agent, acting on behalf of Owner, and a General Contractor, providing for the construction of Unit Improvements, as the same may be amended, restated, modified or supplemented from time to time in accordance with this Agreement.
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Completion Advance. Any advance made by Owner upon satisfaction of ------------------ the conditions set forth in Section 7 hereof. Consent: Defined pursuant to subsection 1.2 hereof. ------- THIS AGREEMENT FOR LEASE IS CONFIDENTIAL AND PROPRIETARY Construction Advance: An Interim Advance made in connection with a -------------------- Redwood Unit which includes any Unit Acquisition Costs included in Xxxxxxx Xxxxx 0 for such Redwood Unit.
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Related to Completion Advance

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Equipment Advance is defined in Section 2.1.1.

  • Initial Advance means the first Advance made pursuant to Article II.

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

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

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Applied Non-Extension Advance has the meaning assigned to such term in Section 2.06(a).

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Term Advance has the meaning specified in Section 2.01(a).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Draw Request Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Tax Advance has the meaning set forth in Section 6.02(a).

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Cash Advance means an advance or payment made in any currency or by travellers’ cheques, notes or other forms representing an amount of any currency by any Merchant, bank or other financial institution and shall include any amount paid by DBS for the credit of the Cardmember’s account(s) with any person which had issued to the Cardmember any credit or charge card(s).