Construction Loan Facility means the construction loan facility established pursuant to Article II.

Construction Loan Facility has the meaning given in Section 2.1(a)(i) of the Financing Agreement.

Examples of Construction Loan Facility in a sentence

PROVIDED ALWAYS that if any partial prepayment of the Land Loan Facility and/or the Construction Loan Facility is made by the Borrower within the period of ( ) months from the date of first disbursement of the Land Loan Facility or any part thereof, the Borrower shall pay to the Lender a prepayment fee calculated at the rate of per cent ( %) of the prepaid amount or at such other rate as may be fixed by the Lender from time to time.
It is provided that upon submission by the Borrower of documentary evidence showing full settlement of the development charges imposed by the relevant government department in respect of the Project and compliance with all terms and conditions in this Agreement, the Lender shall, during the Drawdown Period, allow the Borrower to make Drawings on the Construction Loan Facility of up to an aggregate limit as specified in the Facility Letter.
The first drawdown of the Construction Loan Facility shall be effected within the Drawdown Period otherwise the Lender reserves the right to cancel the Construction Loan Facility.
The interest rates of the Land Loan Facility and the Construction Loan Facility are specified in the Facility Letter.
The Borrower hereby assigns and pledges the proceeds of the Construction Loan Facility and the Project Deposit to the Administrative Agent for such purposes.

More Definitions of Construction Loan Facility

Construction Loan Facility means the $70,000,000 revolving credit facility for warehouse, construction and permanent loans for multi-family projects which have received or are encumbered by low housing tax credits, as evidenced by that certain Credit Agreement dated as of December 4, 2001, as same has been amended pursuant to amendments dated November 4, 2002, and November 4, 2003, and as same may be further amended, restated, supplemented or restructured from time to time, and arranged and provided by Bank of America, N.A., as administrative agent, Fleet National Bank, as co-agent, and the other lenders named therein.

Construction Loan Facility means all those construction loans and other financing loans which will have been or shall be taken out by each of the Development Companies during the Construction Period in order to financing the Construction Works, and which are or shall be specified in the Project Liability Schedule at the Closing (Schedule 1.1(ddd));

Construction Loan Facility means that portion of the Line of Credit to be advanced to Borrower solely for vertical construction of Homes in Approved Subdivisions. The Construction Loan Facility will be financed under the Line of Credit in the maximum unpaid principal amount outstanding at any one time of $22,000,000.00, subject to the Caps and the Advance Rates as set forth in Section 3.3 (as the same may be reduced as set forth in Sections 3.4.1 and 3.4.2).

Construction Loan Facility means any construction loan facility extended by the Lenders to a New Hospital Joint Venture designated by the Company pursuant to Article II.

Construction Loan Facility means all those construction loans and other financing loans which have been and/or which shall be taken out by the Development Companies in order to finance the Construction Works in terms of § 3.5 below, and which are or shall be specified in the Project Liabilities Schedule at the Closing (Schedule 1.1(iiiii));

Construction Loan Facility has the meaning given to such term in the definition of Facilities.

Construction Loan Facility has the meaning assigned to such term in Section 2.01(a).