Construction Term Expiration Date definition
Examples of Construction Term Expiration Date in a sentence
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.
Following the date each Synthetic Lease Loan is made (or in the case of Synthetic Lease Loans with respect to a Construction Land Interest, the Construction Term Expiration Date), interest on such Loan shall be payable in arrears as provided in Section 3.02(b) hereof.
Following the date each Synthetic Lease Loan is made (or in the case of Synthetic Lease Loans with respect to a Construction Land Interest, the Construction Term Expiration Date), interest on such Loan shall be payable in arrears as provided in SECTION 3.02(B) hereof.
Subject to the terms and conditions of this Master Agreement, on each Funding Date following the Closing Date until the Construction Term Expiration Date, the Lessor shall pay over to the Lessee funds (which shall constitute a part of and an increase in the Lessor's Invested Amount) in an amount equal to the amount of Funding requested by the Lessee for such Funding Date.