Construction Loan Maturity Date definition

Construction Loan Maturity Date means the earlier of (a) the Conversion Date and (b) the Conversion Date Certain.
Construction Loan Maturity Date means the date that is the earliest to occur of (a) the Term Period Commencement Date, (b) the date of the acceleration of the Obligations upon and during the occurrence and continuance of an Event of Default and (c) the Date Certain.
Construction Loan Maturity Date means, as applicable, the Initial Construction Loan Maturity Date or the Extended Construction Loan Maturity Date.

Examples of Construction Loan Maturity Date in a sentence

  • 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.

  • 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.

  • Borrower shall have one (1) option to extend the Construction Loan Maturity Date for a period of six (6) months.

  • In the event that the construction work is substantially delayed or prohibited by act of God, government interference, or other circumstance beyond the control of Borrower, such delay or prohibition shall not constitute an Event of Default unless Bondowner Representative determines that construction cannot reasonably be expected to be completed by the Construction Loan Maturity Date, or the earlier date when possession of any material part of the improvements has been promised to a tenant.

  • The Conditions to Conversion are not fully satisfied on or prior to 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.
Construction Loan Maturity Date means 60 days after the Completion Date.
Construction Loan Maturity Date means, with respect to the Project, the date which is one year after the Closing Date.
Construction Loan Maturity Date shall have the meaning assigned to such term in Section 2.8.
Construction Loan Maturity Date means, with regard to the Construction Loan, made to build the Vessel, the earlier to occur of (i) the Conversion Date of the Construction Loan, (ii) November 26, 2005, or (iii) the Vessel Acceptance Date.
Construction Loan Maturity Date means April 6, 2016.
Construction Loan Maturity Date means July 16, 1999.