Development Loans definition

Development Loans means Mortgage Loans made to finance the development of land into a site or sites suitable for the construction of improvements thereon or suitable for other residential, recreational, commercial, industrial or public uses and may include the financing of all or part of the cost of the acquisition of such land (including leaseholds therein).

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Development Loans means all Revolving Loans designated as a “Development Loan” in accordance with Section 2.04.

Development Loans shall have the meaning ascribed to such term in the Loan Agreement.

Examples of Development Loans in a sentence

• The proceeds of Cash Shortfall Loans, Default Loans and Development Loans made pursuant to the provisions of this Agreement and the proceeds of any financing obtained by Cordish pursuant to Section 6.2.B(i) with respect to any Additional Property will only be advanced as and to the extent that costs and expenses to be funded pursuant to the provisions hereof by such Cash Shortfall Loans, Default Loans, Development Loans and/or such other financing are actually incurred.

• Notwithstanding any provision of Article IV hereof to the contrary, all amounts payable to Cordish as a Cordish Preferred Return or as an Unpaid Cordish Preferred Return shall be paid solely from (x) the Operations Reserve, and shall reduce dollar for dollar the balance of the Operations Reserve; (y) Net Cash Flow received by the Company to the extent derived solely from the activities of any Additional Property Owner Entity and/or (z) Development Loans made pursuant to Section 6.5.F hereof.

• The Application and Certificate for Payment in the form of that attached hereto as Exhibit "B" which shall be used in connection with all Advances for Development Loans.

• Interest and principal on Working Capital Loans shall be payable out of available net cash flow of the Company on the first banking day of each month prior to any payments of principal and interest in respect of Development Loans and to any distributions to Members.

• The Revolving O&G Development Loans will be non-interest bearing and therefore interest shall not accrue on Revolving O&G Development Loans.

More Definitions of Development Loans

Development Loans means the loan or loans made or to be made from Lender to Borrower to fund Borrower's share of the costs and expenses attributable to the Development Operations.

Development Loans means Mortgage Loans incurred to finance all or part of the cost of acquiring and improving vacant land and developing it into sites suitable for the construction of dwellings or other structures, or suitable for other residential, commercial, industrial or public uses;

Development Loans means all Revolving Loans designated as a “Development Loan” in accordance with Section 2.04 . “ Development Mortgaged Property ” means any Mortgaged Property that secures the Development Secured Obligations.

Development Loans means loans that we extend to finance the development of land or property primarily into residential units with repayments typically being made out of the sale or refinancing of the units.

Development Loans shall have the meaning specified in Section 2.1 hereof.

Development Loans means Mortgage loans to finance all or part of the cost of developing vacant land into a site or sites suitable for the construction of buildings thereon or suitable for other residential, commercial, industrial or public uses, including the cost of acquiring land for such purpose.

Development Loans means Mortgage Loans incurred to finance all or part of the cost of acquiring and improving vacant land and developing it into sites suitable for the construction of dwellings, including multi-family dwellings, and other income-producing properties, such as shopping centers and office and industrial buildings, and other structures, or suitable for other residential, commercial, industrial or public uses;