Development Loan definition

Development Loan means money loaned to a certified microbusiness development corporation by the department for the purpose of making microbusiness loans under the provisions of this part.

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Development Loan means a Mortgage Loan obtained by a Borrower for the purpose of acquiring, carrying and engaging in pre-development and development activities with respect to real property prior to the construction of improvements thereon, which activities shall include, without limitation, engineering, zoning, planning and construction of common area and amenities including the construction of clubhouses, pools, etc., but shall exclude Residential and Commercial Land Development Loans.

Development Loan means money loaned to a certified microbusiness development corporation by

Examples of Development Loan in a sentence

• The condition set forth in this Section 5.2 shall be a condition only to Advances under the Development Loan.

• In the event the Lender determines that the amounts available under the Development Loan, together with any additional cash provided by the Borrower to the Lender, if any, is insufficient to complete the Development in such manner as the Lender may require, the Borrower shall provide such funds necessary to complete the Development.

• The Lender shall not be obligated to authorize disbursement of Development Loan proceeds with respect to the Development for an amount in excess of the Development costs to be incurred in connection therewith as verified by the Lender or the Lender’s Inspector pursuant to the provisions of the preceding sentence.

• For all other purposes, the Development Loan and the Refinancing Loan shall be separate obligations.

• No hard costs shall be advanced under the Development Loan until such time as the Development Budget has been approved by the Lender in its sole discretion.

More Definitions of Development Loan

Development Loan means money loaned to a certified microbusiness development

Development Loan means financing provided by the Company or a Restricted Subsidiary of the Company to a third party to fund the construction of Towers where the Company or the Restricted Subsidiary has been granted the right of first refusal, option or similar arrangement to acquire or use such Towers.

Development Loan means any loan made under the 21

Development Loan means a loan:

Development Loan means that certain First Mortgage loan made by the Lender to the Developer to finance the construction of the Building Improvements and the development of any or all Phases, as the same may be modified, amended or extended, provided, however, if the Developer, pursuant to Section 6.05 or Section 6.08 of this Agreement, obtains Alternate Financing any reference to Development Loan within this Agreement shall apply with equal force and effect to such Alternate Financing.

Development Loan means a loan made by Borrower to a Development Loan Obligor to enable such Development Loan Obligor to construct and develop Entitled Land into a single-family residential subdivision, upon completion to consist of Finished Lots, situated in the State of Texas.

Development Loan means any loan made under the authority of Section 13 of Article VIII, Ohio Constitution, including any loan made under the authority of Chapter 122., 165., 166., 184., or 1724. of the Revised Code.