Construction Loan Guaranty definition
Construction Loan Guaranty means that certain Unconditional and Continuing Guaranty and Subordination Agreement dated as of July 8, 2020, made by the Company and certain other parties thereto in favor of UMB Bank, N.A., as such instrument may have been or may hereafter be amended or modified, pursuant to which the Company has delivered its guaranty of the Construction Loan.
Construction Loan Guaranty as defined in Section 16.06(b). “Construction Period” as defined in Section 3.01(a). “Construction Period Rent” as defined in Section 3.01(a). “Construction Schedule” as defined in Section 17.03(c).
Examples of Construction Loan Guaranty in a sentence
In addition to the other indemnification obligations of the Sellers set forth in this Article IX, the Sellers hereby agree to indemnify, jointly and severally, Buyer for any amount(s) that may be paid by the Company after the Closing pursuant to the Construction Loan Guaranty.
Without limiting the foregoing, a change in management and control of Borrower and Borrower’s business operations shall be deemed to have occurred if prior to “Completion of Improvements” (as defined in the Construction Loan Guaranty Agreement dated of even date herewith executed by Bainbridge Holdings I, LLC, et al in favor of Lender, referred to herein as the “Guaranty’), Bainbridge ▇▇▇▇▇▇▇▇▇ Place, LLC is no longer the “Operating Member” of the Borrower.