Construction Closing definition

Construction Closing means the point in time when (i) Owner receives the Senior Loan; (ii) the Project is allocated the Low Income Housing Tax Credits, or tax credit exchange funds in lieu thereof; and (iii) the conditions precedent to the Construction Closing set forth in Section 7 of the Method of Financing have been satisfied, or have been waived in writing by the Party to be benefited.
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Construction Closing means the date upon which all financing necessary for the construction of the Development will close, and any deeds of trust related to such financing, are recorded against the Borrower's leasehold interest in the Property.
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Construction Closing means the date that all deeds of trust associated with Approved Financing necessary for the construction of the Development as shown on the Approved Development Budget are recorded against the Property.
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Examples of Construction Closing in a sentence

  • This contract is for a (circle one): Pre-Sale Under Construction Completed Construction Closing Date as discussed in Section 5: _, 20 3.

  • At or before Construction Closing, the Existing Interest Holders shall pay all fines and penalties for any Violations that are assessed against the Premises prior to the Construction Closing, with reasonable evidence presented to Lessee at Construction Closing of the satisfaction thereof.

  • This contract is for a (circle one): Pre-Sale Under Construction Completed Construction Closing Date as discussed in Section 5: , 20 3.

  • The full pay of a full-time employee, who is a member of a Civil Air Patrol Group involved in an air search and rescue mission, will be paid during the time spent by the employee during the employee’s scheduled shift provided there is an authorized mission and the Civil Air Patrol authorities have requested the employee to report for duty.

  • Except as otherwise expressly provided herein, after the Construction Closing, or the earlier termination of the Town Ground Lease, any and all rights and obligations of the Existing Interest Holders hereunder shall be deemed to be rights and obligations of the County only for the remainder of the term of this Agreement.

  • Lessee shall not sell, convey, assign, transfer, sublease, or otherwise dispose of its interests, rights or obligations under this Agreement to any non-affiliate of Lessee without the prior written consent of the Existing Interest Holders (unless such assignment occurs after the Construction Closing, in which case only the County’s consent shall be required).

  • Any modification to this Agreement prior to the Construction Closing must be in writing and signed by the Existing Interest Holders and the Lessee, and be approved by the Town Board of the Town of Greenburgh and the Westchester County Board of Legislators.

  • At least thirty (30) days prior to the Construction Closing, Lessee shall have the title re-examined by the title company and shall deliver to the Existing Interest Holders’ counsel a copy of said company’s updated report together with a notice of any liens, encumbrances or other defects of title subject to which Lessee is unwilling to accept the leasehold interests contemplated under this Agreement.

  • City or Agency shall undertake all obligations assumed by Developer under the TIP Lease and the Five Star Lease until the Construction Closing Event.

  • Lending out your Fully-Paid Shares may be a way to increase the yield on your portfolio, because some shares are in high demand in the securities lending market and borrowers are willing to pay a loan fee for the use of your shares.


More Definitions of Construction Closing

Construction Closing means the date that deeds of trust evidencing the Development Financing described in Sections 1.1(cc), and the County Loan are recorded against the Property, immediately prior to the Commencement of Construction.
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Construction Closing means the date upon which all financing necessary for the construction of the Project on the Property closes, and any deeds of trust related to such financing are recorded against the Property.
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Construction Closing shall have the meaning specified in Section 2.16 of the Participation Agreement.
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Related to Construction Closing

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Construction Start Date means the later to occur of the date on which Seller delivers to Buyer (a) a copy of the Notice to Proceed that Seller has delivered to the EPC Contractor for the Project, and (b) a written Certification substantially in the form attached hereto as Appendix IV-1.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Closing has the meaning set forth in Section 2.2.