Construction Funding Agreement definition

Construction Funding Agreement means that certain Construction Funding Agreement dated as of the date hereof, between the Funding Lender and the Borrower, pursuant to which the Borrower Loan will be advanced by the Funding Lender (or the Servicer on its behalf), on behalf of the Governmental Lender, to the Fiscal Agent for disbursement to the Borrower and setting forth certain provisions relating to disbursement of the Borrower Loan during construction, insurance and other matters, as such agreement may be amended, modified, supplemented and replaced from time to time.

Construction Funding Agreement means that certain Construction Funding Agreement of even date herewith, between the Funding Lender, as agent for the Governmental Lender, and Borrower, pursuant to which the Borrower Loan will be advanced by the Funding Lender (or the Servicer on its behalf), as agent of the Governmental Lender, to the Fiscal Agent for disbursement to the Borrower and setting forth certain provisions relating to disbursement of the Borrower Loan during construction, insurance and other matters, as such agreement may be amended, modified, supplemented and replaced from time to time.

Construction Funding Agreement means that certain Construction Funding Agreement of even date herewith, between the Funding Lender and Borrower, pursuant to which the Borrower Loan will be advanced by the Fiscal Agent on behalf of the Governmental Lender, to the Borrower and setting forth certain provisions relating to disbursement of the Borrower Loan during construction, insurance and other matters, as such agreement may be amended, modified, supplemented and replaced from time to time.

Examples of Construction Funding Agreement in a sentence

• The proceeds of the Funding Loan shall be advanced by the Funding Lender to the Fiscal Agent, and then from the Fiscal Agent to the Borrower in accordance with the terms of the Construction Funding Agreement, the Funding Loan Agreement and this Borrower Loan Agreement.

• The proceeds of the Funding Loan shall be advanced by the Funding Lender directly to the Borrower for the account of the Governmental Lender as and when needed to make each advance in accordance with the disbursement provisions of the Borrower Loan Agreement and the Construction Funding Agreement.

• Borrower shall satisfy each of the Conditions to Conversion and cause the Conversion Date to occur on or before the Outside Conversion Date (including the Extended Outside Conversion Date, if any), as further provided in the Construction Funding Agreement.

• The Borrower Loan shall be disbursed by the Funding Lender, as agent for the Governmental Lender, pursuant to the Construction Funding Agreement by depositing Funding Loan proceeds with the Fiscal Agent under the Funding Loan Agreement.

• The purchase price of the Governmental Lender Notes, which shall be equal to the principal amount thereof, shall be paid by the Funding Lender to the Fiscal Agent for the account of the Governmental Lender on the Closing Date, and will be disbursed to the Borrower in accordance with the disbursement provisions of Section 7.7 hereof, Section 2.10 of the Borrower Loan Agreement and of the Construction Funding Agreement.

More Definitions of Construction Funding Agreement

Construction Funding Agreement means that certain Construction Funding Agreement dated of February 1, 2022, between the Funding Lender, as agent, solely for the purpose of disbursing the Borrower Loans for the Governmental Lender and the Borrower, pursuant to which the Borrower Loans will be advanced by the Funding Lenders (or the Servicer on its behalf), as agent, solely for the purpose of disbursing the Borrower Loans for the Governmental Lender to the Fiscal Agent for disbursement to the Borrower and setting forth certain provisions relating to disbursement of the Borrower Loans during construction, insurance and other matters, as such agreement may be amended, modified, supplemented and replaced from time to time.

Construction Funding Agreement means that certain Construction Funding Agreement dated as of October 1, 2015, between the Funding Lender, as agent for the Governmental Lender, and Borrower, pursuant to which the Borrower Loan will be advanced by the Funding Lender (or the Servicer on its behalf), as agent of the Governmental Lender, to the Borrower and setting forth certain provisions relating to disbursement of the Borrower Loan during construction, insurance and other matters, as such agreement may be amended, modified, supplemented and replaced from time to time.

Construction Funding Agreement means that Construction Funding Agreement, dated as of the date hereof, among the Trustee, the Borrower, the Servicer and the Bondholder Representative.

Construction Funding Agreement means that certain Construction Funding Agreement dated as of [September] 1, 2014 by and between Borrower and Funding Lender.

Construction Funding Agreement means that certain Construction Funding Agreement of even date herewith, between the Funding Lender and Borrower, setting forth certain provisions relating to disbursement of the Borrower Loan during construction, insurance and other matters, as such agreement may be amended, modified, supplemented and replaced from time to time.

Construction Funding Agreement has the meaning given to such term in the Funding Loan Agreement.

Construction Funding Agreement means ftat certain Construction Funding Agreement, dated as of September 1, 2014, between fte Funding Lenders, as agents for fte Governmental Lender, and fte Borrower, pursuant to which the Borrower Loan wil be advanced by fte Funding Lenders (or fte Servicer on its behalf), as agent of the Govermnental Lender, to fte Borrower and setting forft certain provisions relating to disbursement of fte Borrower Loan during fte rehabilitation of fte Project, insurance and ofter matters, as such agreement is executed by fte parties ftereto on fte Closing Date, and as it may thereafter be amended, modified or supplemented from time to time.