Construction Term definition

Construction Term means, with respect to any Leased Property, the period commencing on the related Closing Date and ending on the related Construction Term Expiration Date, or such shorter period as may result from earlier termination of the Lease as provided therein.

Construction Term means the period beginning on the Decommissioning Completion Date and ending on the Lease Effective Date.

Construction Term means the period of time in which Contractor shall complete the Project, pursuant to Article 6(F).

Examples of Construction Term in a sentence

• In the event that Borrower properly exercises its option to convert the Loan to a Permanent Loan in accordance with Article V of the Loan Agreement, the Construction Term shall end on the day immediately preceding the commencement of the Permanent Term as provided for in Section 5.3 of the Loan Agreement.

• As used herein, the following terms shall be defined as follows: Construction Term.

• Subject to satisfaction by the Borrower of the conditions precedent as provided in the Loan Agreement, the “Construction Term" shall mean the period of time from the date of this Note until up to twenty (24) months after such date (the "Construction Term Maturity Date").

• Following the date each Loan is made (or in the case of Loans with respect to a Construction Land Interest, the Construction Term Expiration Date), interest on such Loan shall be payable in arrears on each Payment Date with respect thereto.

• Notwithstanding anything herein to the contrary, if the Borrower fails to satisfy the condition precedent as provided in Section 5.1 of the Loan Agreement, then the Construction Term Maturity Date shall be twenty (24) months from the date of this Note.

More Definitions of Construction Term

Construction Term means that period of time between the date of execution of the Right of Way Use permit or required utility permit and the date of acceptance of the project by the City or the construction completion date as set forth in the Right of Way Use permit or required utility permit, whichever occurs first.

Construction Term means the period commencing on the date hereof and ending on the first to occur of (i) the Maturity Date, whether by acceleration or otherwise, (ii) the 24th Payment Date, and (iii) the Final Advance.

Construction Term the period commencing on the Lease Commencement Date and ending on the Completion Date.

Construction Term means the period commencing on the date hereof and ending on the Completion Date.

Construction Term the “Construction Term” as defined in the Original Investment Agreement.

Construction Term means, with respect to any Leased Property, the period ----------------- commencing on the related Closing Date and ending on the related Construction Term Expiration Date, or such shorter period as may result from earlier termination of the Lease as provided therein.

Construction Term means, with respect to each Development Project and for Project Improvements, the period of time commencing on the date that Landlord disburses the first Contingent Payment and ending on the date that the final Contingent Payment for the Development Project or for the Project Improvements, as the case may be, is first disbursed by Landlord to either of the following: [i] Tenant pursuant to satisfaction of the disbursement conditions set forth in §3.3 of the Disbursing Agreement, or [ii] an escrow account pursuant to the provisions of §5.1 of the Disbursing Agreement.