Phase 1 Loan definition

Phase 1 Loan means the portion of any Loan made with respect to Phase 1 (or as otherwise permitted herein) from the Phase 1 Allocation, (which, together with any Phase 2 Loan made on the same date, shall be a “Loan”).
Phase 1 Loan. As such term is defined in Recital B. ------------ Plans and Specifications: Detailed plans and specifications for the -------------------------- Improvements, as approved by Lender pursuant to Section 9.1(f), as modified -------------- hereafter with Lender's prior written approval or as otherwise expressly permitted by this Agreement.
Phase 1 Loan. The $40,000,000.00 revolving credit loan from Lender to: (i) ------------- Tierra Del Sol (Phase 1), Ltd., a Florida limited partnership, (ii) TDS Town Homes, LLC, a Florida limited liability company, (iii) Xxxxx Xxxxxx I Real Estate, LLC., a Florida limited liability company, and (iv) TDS Amenities, Inc., a Florida corporation (the "Phase 1 Borrowers"), provided simultaneously with this Loan to finance the Phase 1 Project.

Examples of Phase 1 Loan in a sentence

  • These consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Trillium Therapeutics USA Inc.

  • Borrower agrees that upon payment in full of the Phase 1 Loan, Borrower shall cause the Phase 1 Borrower to execute and deliver to Lender a collateral assignment of the Collateral Account (as defined in the Phase 1 Loan Agreement).

  • Mainly due to human activities, the concentration of carbon dioxide in the atmosphere has increased about 40% over the industrial era, which is one of the main reasons for the development of the climate crisis (U.S. Global Change Research Program, 2018).

  • TO THE COUNCILLadies and Gentlemen: Ordinance No. 2016-259Re: Sibley Building Redevelopment – Phase 1, Loan Terms Amendment Council Priority: Creating and Sustaining a Culture of Vibrancy; Rebuilding and Strengthening Neighborhood Housing; Jobs and Economic Development Transmitted herewith for your approval is legislation related to Phase 1 of the redevelopment of the Sibley Building (the “Project”) located at 228-280 East Main Street.

  • Furthermore, the Phase 1 Maximum Amount, and the associated limit of $375 cost/Device for the 600 Devices to be manufactured pursuant to the Phase 1 Loan, and the Phase 2 Maximum Amount, and the associated limit of $350 cost/Device for the 1000 Devices to be manufactured pursuant to the Phase 2 Loan, respectively, represent substantially all of the costs required to manufacture said Devices.

  • Like many people in a position where you grow something from nothing to something very big, he had to change his leadership style and the structure had to change.

  • There shall be deposited into the TIFIA Phase 1 Loan Prepayment Account certain moneys required to be applied to the prepayment of the TIFIA Phase 1 Loan pursuant to the terms of the TIFIA Phase 1 Loan Agreement and this Agreement.

  • The Applicant and State acknowledge that the Phase 1 Loan has been approved by the Commission (as hereinafter defined).

  • Borrower expressly acknowledges and agrees that Lender shall have no obligation whatsoever to extend credit or provide any additional loans or financial assistance other than with respect to the Phase 1 Loan and the Phase 2 Loan as expressly provided herein.

  • The State shall disburse $10,000,000 of the Phase 1 Loan to the Applicant at closing based upon the Applicant achieving the following milestones at their designated times as set forth herein: ▪ Securing $10 million in funds from the business of the Applicant.


More Definitions of Phase 1 Loan

Phase 1 Loan shall have the meaning as set forth in Section 2.1(b)(i) below.
Phase 1 Loan means the loans made hereunder prior to the Phase 2 Closing Date, in an aggregate amount equal to $455,000,000.

Related to Phase 1 Loan

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).