Examples of Construction Loan Documents in a sentence
The General Partner and its Affiliates, jointly and severally, are hereby authorized to incur personal liability for the repayment of funds advanced by the Construction Lender (and interest thereon) pursuant to the Construction Loan Documents.
Borrower hereby acknowledges and agrees that the definition of Obligations includes, without limitation, each and every obligation, duty, covenant, undertaking and condition which Borrower is required or has agreed to perform under the Documents and under the Construction Loan Documents, and each and every obligation of Borrower now or hereafter owing to Lender.
The Construction Loan shall be “in balance” only at such time and from time to time as Construction Lender may determine, in its reasonable discretion in accordance with the Construction Loan Documents, that the undisbursed portion of the Construction Loan (as allocated pursuant to the Project Budget, as amended from time to time) equals or exceeds the actual cost to complete construction of the Project.
Except for those given to the holder of the Construction Loan, as provided in the Construction Loan Documents, no person holds a power of attorney from or agency agreement with the Transferor Company.
Without limiting the generality of the foregoing, an Event of Default shall be deemed to exist in the event there occurs an Event of Default under and as defined in the Construction Loan Agreement or in the event there occurs an act or event under any of the Construction Loan Documents, whether or not denominated as an "Event of Default," which expressly entitles the Lender to exercise its remedies.