Construction Loans definition

Construction Loans means secured loans from time to time made by the Company or any of its Consolidated Subsidiaries to various borrowers the proceeds of which are designated for the construction of Health Care Facilities or for the acquisition of real estate and the construction thereon of Health Care Facilities.

Construction Loans shall have the meaning assigned to such term in Section 2.01(a).

Construction Loans has the meaning set forth in Section 2.1(c) of this Credit Agreement.

Examples of Construction Loans in a sentence

• If federal funds are obtained, they shall be used to defray the costs of the project described in these Acts, not to expand its scope, except in the case of projects for State parks and recreation areas of the Department of Natural Resources funded from the proceeds of the General Construction Loans of 1973 through 1980.

• All of the Construction Loans shall have been or shall simultaneously be repaid with the proceeds of such Term Loans.

• The initial Borrowing of the Construction Loans shall have been made.

• The Administrative Agent shall have received a Borrowing Request pursuant to and in compliance with Section 3.2 in respect of the Disbursement of Construction Loans on such Disbursement Date.

• For the avoidance of doubt, the Tranche A Construction Loans and the Tranche B Construction Loans shall convert to Tranche A Term Loans and Tranche B Term Loans (respectively) on the same date.

More Definitions of Construction Loans

Construction Loans means secured loans from time to time made by the Company to various borrowers the proceeds of which are designated for the construction of Health Care Facilities or for the acquisition of real estate and the construction thereon of Health Care Facilities.

Construction Loans means Mortgage Loans made to finance the construction of buildings and other improvements on land and may include the financing of all or part of the cost of the acquisition, of such land (including leaseholds therein).

Construction Loans means financing obtained by Borrower, Guarantor or a Special Purpose Entity to finance the costs set forth in the Real Estate Asset Budget Amount for the construction of a Real Estate Asset.

Construction Loans means the loans made hereunder in accordance with the provisions of Section 2.1(a), whether made as a Eurodollar Loan or an Alternate Base Rate Loan, as permitted hereby.

Construction Loans shall have the meaning provided in Section 2.1(a) of this Agreement.

Construction Loans means the construction loans made by the Lenders to the Borrower pursuant to Section 2.01(a).

Construction Loans. Servicing Loans," and "Foreclosure/Repurchase Loans" shall have the meanings given to such terms in the Facility II Agreement), and further provided, that the Unit Collateral ------- -------- Value of any Mortgage Loan approved by the Xxxxxxxxxx-