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 the department for the purpose of making microbusiness loans under the provisions of this part.
Development Loan means money loaned to a certified microbusiness development corporation by
Examples of Development Loan in a sentence
This promissory note (the "Note") evidences Xxxxxxxx's obligation to repay Holder the principal amount of One Million Three Hundred Thousand Dollars ($1,300,000) with interest for the funds loaned to Borrower by Xxxxxx to finance the rehabilitation of the Development pursuant to the Development Loan Agreement.
More Definitions of Development Loan
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 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 a Loan made for the purpose of paying or reimbursing a Borrower for the costs of constructing Improvements on the Real Property which is the subject of the Development Loan and otherwise performing Work with respect to such Improvements; PROVIDED, HOWEVER, that a Development Loan may also include an Acquisition Advance.
Development Loan means a loan:
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.
Development Loan means any loan made under the 21