Examples of Construction Loan Agreement in a sentence
In accordance with the Construction Loan Agreement, as of the date hereof, the LCDC hereby requests the initial Grant Payment in the amount of $283,334, representing the Initial LCDC Interest Reserve Deposit under the Construction Loan Agreement, which Grant Payment shall be payable upon the execution of this Agreement.
Commission shall not: (a) amend, modify, or terminate this agreement without the prior written consent of LCDC; (b) enter into any agreement that is inconsistent with its obligations under this Agreement; or (c) terminate this Agreement prior to the LCDC Interest Reserve Commitment Termination Date (as defined in the Construction Loan Agreement).
Grant Payments by the Commission to the LCDC shall be subordinate to all other obligations of the Commission which are currently payable at the time of each Grant Payment Request, and shall only be made in the event that the Commission has sufficient legally available revenues on hand to make such payments, provided that Borrower is not in default under this Agreement, the Construction Loan Agreement or any other Loan Document.
Construction Loan Agreement shall mean the Construction Loan Agreement, dated as of , 2024, by and among the Borrower, the Lender and LCDC.
Loan Documents shall mean the loan documents evidencing the Developer Loan, which documents include, without limitation, the Construction Loan Agreement.