Construction Loan Maturity Date definition

Construction Loan Maturity Date means the earlier of (a) the Conversion Date and (b) the Conversion Date Certain.
View Source
Construction Loan Maturity Date means the earliest to occur of (a) the Term Conversion Date, (b) the Date Certain, or (c) the date on which all outstanding Loans shall have become due and payable pursuant to Article VII.
View Source
Construction Loan Maturity Date means, as applicable, the Initial Construction Loan Maturity Date or the Extended Construction Loan Maturity Date.
View Source

Examples of Construction Loan Maturity Date in a sentence

  • Provided all of the requirements and conditions set forth in Section 5.1 have been met and the Borrower has properly exercised the option to convert the Loan to a Permanent Loan in the manner and at a time permitted under Section 5.2, then the Permanent Phase shall commence on the Construction Loan Maturity Date.

  • In order to exercise the option to convert the Loan to a Permanent Loan, the Borrower must provide the City with written notice of such election at least fifteen (15) days prior to the Construction Loan Maturity Date.

  • Lender shall not be obligated to advance any Construction Loan proceeds after the Construction Loan Maturity Date.

  • Completion shall not have occurred by the Construction Loan Maturity Date.

  • The principal of each Construction Loan which has not been converted into a Term Loan shall be due and payable in full on the Construction Loan Maturity Date.


More Definitions of Construction Loan Maturity Date

Construction Loan Maturity Date means [August 9], 2024, as the same may be extended in accordance with the Borrower Note and the Construction Disbursement Agreement.
View Source
Construction Loan Maturity Date means the earlier of the Date Certain and the date that is the three month anniversary of the commencement of the Demand Charge Period (as such term is defined in the Processing Agreement).
View Source
Construction Loan Maturity Date means 60 days after the Completion Date.
View Source
Construction Loan Maturity Date means, with respect to the Project, the date which is one year after the Closing Date.
View Source
Construction Loan Maturity Date shall have the meaning assigned to such term in Section 2.8.
View Source
Construction Loan Maturity Date means the construction loan maturity date specified in the Loan Documents, which shall be not more than 36 months after the delivery date of the Bond.
View Source
Construction Loan Maturity Date means, with respect to the Project, December 31, 1997.
View Source