Examples of Construction Loan Documents in a sentence
Construction Lender shall give to OCD or its representatives prompt written notice of any default under the Construction Loan Documents (“Construction Loan Default”) which has not been cured within any applicable notice and/or cure period; provided however, the failure to give such notice shall not constitute a waiver of such default or limit or otherwise affect Borrower’s duties and obligations under the Construction Loan Documents.
Borrower agrees that it will not make any payment of any of the Construction Loan proceeds or the Gap Financing Loan proceeds, except in accordance with the Construction Loan Documents or the CDBG Loan Documents, as applicable, or take any other action, in contravention of the provisions of this Agreement or that OCD and the Construction Lender would not be permitted to receive as a result of the application of the provisions of this Agreement.
Construction Lender shall give to Grantee or its representatives prompt written notice of any default under the Construction Loan Documents (“Construction Loan Default”) which has not been cured within any applicable notice and/or cure period; provided however, the failure to give such notice shall not constitute a waiver of such default or limit or otherwise affect Borrower’s duties and obligations under the Construction Loan Documents.
Construction Lender shall provide OCD with a certification that Borrower is not in default under the Construction Loan Documents as of the date OCD funds the Draw Request, and that the Draw Request approved by Construction Lender is in compliance with the terms and conditions of the Construction Loan Documents, and evidence of funding of the Draw Request by Construction Lender on the day OCD funds its share of the Draw Request.
The Project, the various forms of financing contemplated for the Project, including, but not limited to, the Bond Financing, the Construction Loan, and the Equity Financing and the terms of the Bond Documents, the Construction Loan Documents, the Equity Documents, the TDHCA Documents, and the Construction Documents, are hereby authorized and approved.