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 Clare Gardens 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 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 Administrative Agent shall accept performance by the Guarantors of the Borrower's obligations under the Loan Agreement and the other Loan Documents, and so long as all of said obligations are being performed by the Borrower or the Guarantors, the Administrative Agent will make the proceeds of the Construction Loan Advances available under the terms of the Loan Agreement.

  • 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 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 Borrower may at any time and from time to time prepay the Construction Loan Advances, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to any prepayment, in the form attached hereto as Exhibit E (a "Notice of Prepayment"), specifying the date and amount of prepayment and whether the prepayment is of Eurodollar Rate Loans, Base Rate Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each.

  • 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.

  • Neither the Borrower nor any Guarantor shall be liable to the Lenders for the cost of completing the Improvements to the extent that the aggregate cost of completing the Improvements exceeds the Aggregate Commitment, provided the entire principal of and interest on the Construction Loan Advances shall have been paid in full.

  • The Lenders shall not be required to make Construction Loan Advances more frequently than once each calendar month.

  • Kota has a semi-arid climate (Köppen climate classification BSh) with high temperatures throughout the year.

  • Amounts prepaid under the Construction Loan Advances pursuant to this Section 2.4 may not be reborrowed and will constitute a permanent reduction in the Aggregate Commitment.


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 has the meaning specified in Section 2.01(b).

  • 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 Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

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

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

  • 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 means the project preparation advance granted by the Association to the Borrower pursuant to an exchange of letters dated April 28, 1994 and May 21, 1994 between the Borrower and the Association;

  • 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 has the meaning specified in Section 2.19(a).

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

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.