Construction Loan Advances definition

Construction Loan Advances means the construction loan advances made to the Borrower by the Lenders pursuant to Section 2.1.
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Construction Loan Advances shall have the meaning assigned thereto in the Loan Agreement.
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Construction Loan Advances means any amounts received by the Trustee representing advances to the Trustee on behalf of the Borrower (or an affiliate) or funds from other third parties representing loans or grants of money earmarked for the Xxxxxxxxx Xxxx Housing Facility, including but not limited to the proceeds of the Construction Loan.
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Examples of Construction Loan Advances in a sentence

  • The insurance [for Construction Loan Advances] added by Section 3 of this endorsement is subject to the exclusions in Section 4 of this endorsement and the Exclusions from Coverage in the Policy, the provisions of the Conditions, and the exceptions contained in Schedule B.

  • Partial prepayments shall be applied ratably to the remaining scheduled principal installments of the Construction Loan Advances (including the final payment thereof) until the Construction Loan Advances are paid in full.

  • The allocation of the proceeds of the Construction Loan Advances in the Budget for interest shall not affect the Borrower's absolute obligation to pay the same in accordance with the Loan Documents.

  • Each such direct Construction Loan Advance (except for application of the Project Deposit) shall be added to the outstanding principal balance of the Construction Loan Advances and shall be secured by the Loan Documents.

  • Construction Loan Advances may be allocated to line items in the Budget for other purposes or in different proportions as the Administrative Agent in its sole discretion deems reasonably necessary or advisable.

  • The Administrative Agent may advance and incur such expenses as the Administrative Agent deems necessary for the completion of the Improvements and to preserve the Property and any Liens thereon, and such expenses, even though in excess of the amount of the Construction Loan Advances, shall be secured by the Loan Documents and shall be payable to the Lenders on demand.

  • The Borrower and the Guarantors, though separate legal entities, comprise one integrated financial enterprise, and all Construction Loan Advances under the Loan Agreement to the Borrower will inure, directly or indirectly, to the benefit of each of the Guarantors.

  • The obligations of the Lenders under this Agreement to make the Construction Loan Advances are several and are not joint or joint and several.

  • No Default or Event of Default shall have occurred and be continuing on such borrowing, conversion or continuation date with respect to such Construction Loan Advance or after giving effect to the Construction Loan Advances to be made, converted or continued on such date.

  • No part of the proceeds of any of the Construction Loan Advances will be used for purchasing or carrying margin stock or for any purpose which violates, or which would be inconsistent with, the provisions of Regulation T, U or X of such Board of Governors.


More Definitions of Construction Loan Advances

Construction Loan Advances means the construction loan advances made to each applicable New Hospital Joint Venture pursuant to each Construction Loan Agreement which has been duly executed and delivered pursuant to Section 2.1.
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Related to Construction Loan Advances

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

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Equipment Advance is defined in Section 2.1.1.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

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

  • Term Loan as defined in Section 2.1.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Property Protection Advances shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

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

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.