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 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.

  • 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.

  • 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 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.

  • 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.

  • 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.

  • 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 agrees that each Lender so purchasing a portion of another Lender's Construction Loan Advances may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion.

  • The health services of NHS GG&C cover the areas of: • East Dunbartonshire• East Renfrewshire• Glasgow City• Inverclyde• Renfrewshire• West Dunbartonshire.


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 has the meaning set forth in Section 2.1.2.

  • 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.

  • 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 Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by 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.

  • 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.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.