Development Loan definition

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.
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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 money loaned to a certified microbusiness development corporation by
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Examples of Development Loan in a sentence

  • Any Loan Advance under the Development Loan shall only be made upon the submission to the City of a Requisition for Eligible Costs incurred or paid in accordance with the procedures set forth in Section 5.1 of this Agreement.

  • The Development Loan shall be subordinate to a construction loan for Phase II of the Private Development Project and shall be payable in full no later than August 31, 2007.

  • E Economic Development Loan and Grant Program .........................

  • Anything to the contrary in the Loan Documents notwithstanding, in the event that the Private Development Project is substantially completed and open for business on or before August 31, 2007, the Development Loan shall be deemed fully paid and discharged.

  • Subject to the terms and conditions of Section 3.2 of this Agreement, the City agrees to provide to the Developer the Development Loan.


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.
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Development Loan means any loan made under the 21
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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.
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Development Loan means a loan from the Fund in the not to exceed principal amount of
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Development Loan means a loan:
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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.
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Development Loan means money loaned to a certified microbusiness development
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