Construction Receiver definition

Construction Receiver s Counsel” means Gowlings WLG (Canada) LLP; “Construction Receiver’s Independent Counsel” means Blake, Cassels & Graydon LLP; “Construction Receiver’s Real Estate Counsel” means Miller Thomson LLP;
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Construction Receiver means Xxxxxxx & Marsal Canada Inc., in its capacity as Court appointed receiver and manager and construction lien trustee of UC Leslieville, UC Beach and UC Riverdale.
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Construction Receiver has the meaning give to such term in the recitals to this Development Contract.
Sample 1

Examples of Construction Receiver in a sentence

  • All obligations of the Construction Receiver, whether on behalf of UC Leslieville or its own behalf, under or in connection with the Credit Facility established under this Agreement and the other Loan Documents are undertaken by Xxxxxxx & Marsal Canada Inc.

  • Notwithstanding anything to the contrary in this Agreement, the execution and delivery of this Agreement by the Construction Receiver and its obligations hereunder are subject to and conditional upon the granting of the Settlement Approval Order, the “Effective Date” (as defined therein) having occurred and such order becoming final and non-appealable and if such order is appealed, such appeal is withdrawn or determined in favour of the Construction Receiver.

  • Notwithstanding any other provision of this Credit Agreement or any other agreement by or among the Construction Receiver and the Lender, Xxxxxxx & Marsal Canada Inc.

  • Each determination by the Administrative Agent of the Prime Rate applicable from time to time will, in the absence of manifest error, be binding upon the Construction Receiver.

  • If the making of any payment by the Construction Receiver would result in a payment being made that is in excess of such amount or rate, the Lender will determine the payment or payments that are to be reduced or refunded, as the case may be, so that such result does not occur.

  • The Administrative Agent and the Lenders may share among themselves any information they may have from time to time concerning the Construction Receiver whether or not such information is confidential; but shall have no obligation to do so (except for any obligations of the Administrative Agent to provide information to the extent required in this Agreement).

  • If the making of any payment by the Construction Receiver would result in a payment being made that is in excess of such amount or rate, the particular Lender will determine the payment or payments that are to be reduced or refunded, as the case may be, so that such result does not occur.

  • All payments of principal, interest, fees and other amounts to be made by the Construction Receiver to the Lender pursuant to this Agreement will be made in the currency in which the Loan is outstanding for value on the day such amount(s) are distributed by the Construction Receiver in accordance with the Settlement Approval Order, by payment thereof to the Lender at the Lender’s Office or at such other place and by such other method as the Construction Receiver and the Lender may from time to time agree.

  • Until the occurrence of an Event of Default, unless specifically specified otherwise herein, in respect of the exercise of any discretion or the giving of any consents or approval under this Agreement, the Lender shall act in a reasonable and timely manner, bearing in mind the scope, magnitude and complexity of the Leslieville Project and the financial and development expertise of the Construction Receiver.

  • No amendment to this Agreement will be valid or binding unless set forth in writing and duly executed by the Construction Receiver and the Lender.


More Definitions of Construction Receiver

Construction Receiver s Borrowings Charge” means the Receiver’s Borrowings Charge and the Construction Lien Trustee’s Charge as defined in paragraph 22 of the Appointment Order.
Sample 1
Construction Receiver s Reserve” means a reserve in an amount satisfactory to the Construction Receiver to serve as cash collateral sufficient to secure the payment of the Professional Expenses;
Sample 1

Related to Construction Receiver

  • Construction Work means any work in connection with⎯

  • Construction Manager means a competent person responsible for the management of the physical construction processes and the coordination, administration and management of resources on a construction site;

  • construction site means a workplace where construction work is being performed;

  • Construction material means an article, material, or supply brought to the construction site by the Contractor or a subcontractor for incorporation into the building or work. The term also includes an item brought to the site preassembled from articles, materials, or supplies. However, emergency life safety systems, such as emergency lighting, fire alarm, and audio evacuation systems, that are discrete systems incorporated into a public building or work and that are produced as complete systems, are evaluated as a single and distinct construction material regardless of when or how the individual parts or components of those systems are delivered to the construction site. Materials purchased directly by the Government are supplies, not construction material.

  • construction work permit means a document issued in terms of regulation 3; "contractor" means an employer who performs construction work;

  • Construction materials means any tangible personal property that will be

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Contractor Project Manager means the employee identified in a Statement of Work as the Contractor project manager.

  • Contractor means the individual or entity, that has entered into this contract with the Commonwealth.

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Subcontractor means any supplier, distributor, vendor, or firm that furnishes supplies or services to or for a prime contractor or another subcontractor.

  • Contracting Party shall have the meaning designated in the preamble to Section 5.2 hereof.

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Construction and demolition waste means the waste building materials, packaging, and rubble resulting from construction, remodeling, repair, and demolition operations on pavements, houses, commercial buildings and other structures.