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 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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Examples of Construction Closing in a sentence

  • For 9% LIHTC transactions, the Applicant must give OHCS at least thirty (30) days’ written notice of the scheduled Construction Closing.

  • At least ten (10) days prior to the Construction Closing, but after the general contractor bids have been received, the Applicant must submit to OHCS the Project’s final development budget, final sources of funds, and documentation to substantiate the final budget.

  • The certified check or LOC must be submitted at or prior to the Construction Closing.

  • 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.

  • The escrow agent for the Construction Closing shall have approved such supplemental recording instructions as may have been prepared on behalf of the Agency.

  • The Agency Loan shall be used to pay a portion of the Rehabilitation Costs (which includes the acquisition of the Leasehold) as set forth in the Method of Financing and shall be disbursed pursuant to the Disbursement Agreement commencing on the Construction Closing Date.

  • Owner shall satisfy all conditions precedent to the Construction Closing as set forth in the OPA and in Section 7 of the Method of Financing.

  • When all conditions precedent have been satisfied to the Agency Executive Director’s satisfaction, the Agency Executive Director shall execute and submit to the escrow agent for the Construction Closing a certificate stating that all conditions precedent to recording of the documents have been satisfied or waived, if such be the case.

  • Upon the Construction Closing, Owner shall cause Title Company to issue the Title Policy to the Agency at Owner’s sole expense as an eligible Project cost.

  • The Construction Closing and disbursement of any portion of the Agency Loan are conditioned upon the provisions of the Disbursement Agreement and the occurrence of each of the conditions set forth below on or prior to the scheduled Construction Closing Date as set forth in the Schedule of Performance (Attachment No. 5 to the OPA).


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 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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Construction Closing shall have the meaning specified in Section 2.16 of the Participation Agreement.
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Related to Construction Closing

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

  • construction site means a workplace where construction work is being performed;

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

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

  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.

  • 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.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Second Closing has the meaning set forth in Section 2.2.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • First Closing has the meaning set forth in Section 2.1(a).

  • COMPLETION TIME means the period by ‘date/month’ specified in the ‘Letter of Intent/Award’ or date mutually agreed upon for handing over of the intended scope of work, the erected equipment/plant which are found acceptable by the Engineer, being of required standard and conforming to the specifications of the Contract.

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

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Additional Closing has the meaning set forth in Section 2.3.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Closing has the meaning set forth in Section 2.2.

  • Construction and Demolition Debris means and includes:

  • Seller’s Closing Documents as defined in Section 3.2(a).

  • Fourth Amendment Closing Date the date on which all the conditions precedent set forth in Section 3 of the Fourth Amendment shall be satisfied or waived.