Construction Phase Credit Facility Provider definition

Construction Phase Credit Facility Provider means PNC Bank, National Association, a national banking association, organized and operating under the laws of the United States of America as provider of the Construction Phase Credit Facility, and its successors and assigns.
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Construction Phase Credit Facility Provider means the Bank, as provider of the initial Credit Facility, and its successors and assigns, or so long as any Alternate Credit Facility is in effect prior to the Conversion Date, the Credit Facility Provider then obligated under the Alternate Credit Facility.
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Construction Phase Credit Facility Provider means (a) the Initial Construction Phase Credit Facility Provider and its successors and assigns, or (b) so long as an Alternate Credit Facility is in effect prior to the Conversion Date, the Alternate Credit Facility Provider then obligated under such Alternate Credit Facility.
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Examples of Construction Phase Credit Facility Provider in a sentence

  • This Agreement shall be binding upon and inure to the benefit of the Issuer, the Trustee, the Construction Phase Credit Facility Provider, the Servicer and Freddie Mac and their respective successors and assigns.

  • None of the Issuer, the Trustee, the Construction Phase Credit Facility Provider or Freddie Mac shall have the obligation to pay such fees from their own funds.

  • Notwithstanding any other provision of this Indenture or the other Bond Documents or the Construction Phase Credit Documents to the contrary, the Construction Phase Credit Facility Provider shall be entitled to the release and return of the Construction Phase Credit Facility on the Conversion Date.

  • All references in this Indenture to the Construction Phase Credit Facility Provider shall be of no further force or effect and shall be disregarded for all purposes of this Indenture from and after the Conversion Date.

  • It is a condition to the delivery of the Credit Enhancement Agreement by Freddie Mac and the delivery of the Construction Phase Credit Facility by the Construction Phase Credit Facility Provider that the rights of the Issuer, the Trustee and Freddie Mac and the Construction Phase Credit Facility Provider to enforce remedies under the Bond Mortgage and the Reimbursement Mortgage, and the Construction Mortgage, respectively, be established between and among the parties hereto.

  • Upon receipt by the Trustee of the Credit Enhancement Agreement, the Trustee shall surrender the Letter of Credit to the Construction Phase Credit Facility Provider.

  • The Issuer and the Trustee acknowledge and consent to the granting by the Borrower to Freddie Mac of the Reimbursement Mortgage which shall be a second priority mortgage lien on the Project (as defined in the Indenture) and to the granting by the Borrower to the Construction Phase Credit Facility Provider of the Construction Mortgage which shall be a third priority mortgage lien on the Project.

  • To further secure its obligations to Freddie Mac prior to the Conversion Date, the Borrower has arranged for the Construction Phase Credit Facility Provider to provide its unconditional irrevocable letter of credit to Freddie Mac (the “Construction Phase Credit Facility”).

  • The Construction Phase Credit Facility Provider, Freddie Mac and Citibank, N.A., in its capacity as Servicer, will enter into a Construction Phase Financing Agreement, dated as of July 1, 2010, to evidence their respective rights and obligations during the Construction Phase.

  • To evidence the Borrower’s reimbursement obligations to the Construction Phase Credit Facility Provider for draws made under the Construction Phase Credit Facility, the Borrower and the Construction Phase Credit Facility Provider will enter into a Construction Phase Credit Reimbursement Agreement (the “Credit Agreement”) dated on or prior to the Closing Date.


More Definitions of Construction Phase Credit Facility Provider

Construction Phase Credit Facility Provider means the Bank, as provider of the Construction Phase Credit Facility, and its successors and assigns, provided that when any action or consent hereunder is to be taken or given by the Construction Phase Credit Facility Provider, such action or consent shall be taken or given by the Bank..
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Related to Construction Phase Credit Facility Provider

  • New Credit Facility is defined in Section 9.8.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Senior Credit Facilities means the Credit Facilities entered into as of the Measurement Date by and among the Issuer, Holdings III, the lenders party thereto in their capacities as lenders thereunder and Citibank, N.A., as Administrative Agent, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.09 hereof).

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).