Predevelopment Loan Documents definition

Predevelopment Loan Documents means the following documents evidencing the Predevelopment Loan and required as consideration for the City to make the Predevelopment Loan: (i) this Agreement; (ii) the Predevelopment Promissory Note; and (iii) the Assignment.
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Predevelopment Loan Documents means this Agreement, the Assignment of Plans, and the Predevelopment Note.
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Predevelopment Loan Documents is defined in Section 4.3.2. “Predevelopment Loan Proceeds” is defined in Section 2.1.1.
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Examples of Predevelopment Loan Documents in a sentence

  • The PDC Loan Committee approved, and PDC and Developer entered into, the Predevelopment Loan before the Effective Date making up to $200,000 available to Developer to fund the activities listed in the Predevelopment Loan Documents.

  • The City hereby agrees to loan to Developer and Developer hereby agrees to borrow from the City, in such allocation and amounts as may be determined by the City, but in no event shall such loan exceed One Hundred Fifty Thousand Dollars ($150,000) (the "Predevelopment Loan") and to utilize the proceeds of the Predevelopment Loan in accordance with the terms and conditions of the Predevelopment Loan Documents and the HOME Regulations.

  • Any representation or warranty of the Developer contained in this Agreement, or in any application, financial statement, certificate, or report submitted to the Lender in connection with any of the Predevelopment Loan Documents, proves to have been incorrect in any material and adverse respect when made.

  • All loan funds disbursed by PDC to Developer under the Predevelopment Loan Documents must be repaid to PDC from the first construction loan draw for the Project.

  • Failure by the Developer to repay the principal and any interest on the Predevelopment Loan within ten (10) days of receipt of written notice from the Lender that such payment is due pursuant to the Predevelopment Loan Documents.

  • The Disbursement Request shall set forth the amount of the requested disbursement of Predevelopment Loan Proceeds and shall certify that: (a) all conditions precedent to disbursement of the Predevelopment Loan Proceeds set forth in Section 3.3 have been and remain satisfied; (b) only the amount needed for Eligible Predevelopment Costs has been requested by the Developer; and (c) no Default has occurred and is continuing under the Predevelopment Loan Documents.

  • In any approval, consent or other determination by City required under this Predevelopment Loan Note or any of the other Predevelopment Loan Documents, City shall act reasonably and in good faith.

  • The Developer has full power and authority to execute and deliver this Agreement and to make and accept the borrowings contemplated hereunder, to execute and deliver the Predevelopment Loan Documents and all other documents or instruments executed and delivered, or to be executed and delivered, pursuant to this Agreement, and to perform and observe the terms and provisions of all of the above.

  • PDC agrees to increase the principal balance of the Predevelopment Loan by up to $545,000 for a total aggregate principal loan amount not to exceed$745,000, subject to PDC and Developer executing amended Predevelopment Loan Documents in a form and substance acceptable to PDC and its legal counsel.

  • The terms and provisions of this Agreement and Predevelopment Loan Documents supersede any inconsistent terms and conditions of any term sheet, commitment letter, or similar document issued by Lender to Developer.


More Definitions of Predevelopment Loan Documents

Predevelopment Loan Documents means the promissory note, loan agreement, assignment of contract and work product, financing statement and any other documents required by PDC to evidence the Predevelopment Loan, as such documents may be amended.
Sample 1
Predevelopment Loan Documents means this Agreement, the Promissory Note, and any other documents and instruments required to be executed and delivered by Developer in connection with the Predevelopment Loan of HOME Funds to Developer hereunder.
Sample 1

Related to Predevelopment Loan Documents

  • Mortgage Loan Documents means, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all other documents now or hereafter evidencing and securing the Mortgage Loan.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Funding Agreements means all or any of the agreements or instruments to be entered into by a Project Service Provider or any of their Associates relating to the financing of its business of providing services pursuant to the terms of any Project Agreements, excluding always the Project Agreements themselves;

  • Loan Agreements means any other loan agreements entered into by and between the Trust and one or more of the Borrowers pursuant to which the Trust will make Loans to such Borrowers from moneys on deposit in the Project Fund, excluding the Project Loan Account, financed with the proceeds of the Trust Bonds.

  • Senior Loan Documents means the loan agreement between Borrower and Senior Creditor and any other agreement, security agreement, document, promissory note, UCC financing statement, or instrument executed by Borrower in favor of Senior Creditor pursuant to or in connection with the Senior Debt or the loan agreement, as the same may from time to time be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Cooperative Loan Documents As to any Cooperative Loan, (i) the Cooperative Shares, together with a stock power in blank; (ii) the original executed Security Agreement and the assignment of the Security Agreement endorsed in blank; (iii) the original executed Proprietary Lease and the assignment of the Proprietary Lease endorsed in blank; (iv) the original executed Recognition Agreement and the assignment of the Recognition Agreement (or a blanket assignment of all Recognition Agreements) endorsed in blank; (v) the executed UCC-1 financing statement with evidence of recording thereon, which has been filed in all places required to perfect the security interest in the Cooperative Shares and the Proprietary Lease; and (vi) executed UCC-3 financing statements (or copies thereof) or other appropriate UCC financing statements required by state law, evidencing a complete and unbroken line from the mortgagee to the Trustee with evidence of recording thereon (or in a form suitable for recordation).

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Relevant Funding Agreements means the agreement or agreements entered into by the Company and the Secretary of State under section 1 of the Academies Act 2010 for the establishment of each Academy, including any variation or supplemental agreements thereof;

  • Original Loan Documents means the "Loan Documents" as defined in the Original Credit Agreement.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Bridge Loan Documents means the “Loan Documents” as defined in the Bridge Credit Agreement.

  • Loan Documents means, collectively, this Agreement, any note or notes executed by Borrower, and any other document, instrument or agreement entered into in connection with this Agreement, all as amended or extended from time to time.

  • Streamlined Documentation Mortgage Loan Any Mortgage Loan originated pursuant to the Seller's Streamlined Loan Documentation Program then in effect.

  • Mezzanine Loan Documents means, as to each Mezzanine Loan, all documents evidencing, securing, guaranteeing and/or perfecting such Mezzanine Loan and all documents executed and/or delivered in connection therewith.

  • Project Funding Agreement means an agreement in the form of Schedule E that incorporates the terms of this Agreement and enables the Funder to provide one-time or short term funding for a specific project or service that is not already described in the Schedules;

  • Credit Agreement Documents means the collective reference to any Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Existing Loan Documents means the “Loan Documents” as defined in the Existing Credit Agreement.

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Facility Agreements means the agreements of that name between the Issuer and different

  • DIP Loan Documents means the Replacement DIP Loan Documents (as defined in the DIP Order).

  • Project Documents means all documents relating to the Construction Loan, Mortgage Loan and Construction Contract. It shall also include all documents required by any governmental agency having jurisdiction over the Apartment Housing in connection with the development, construction and financing of the Apartment Housing, including but not limited to, the approved Plans and Specifications for the development and construction of the Apartment Housing.

  • Subordinate Loan Documents means the Subordinate Note, the Subordinate Mortgage, and all other documents at any time evidencing, securing, guaranteeing, or otherwise delivered in connection with the Subordinate Indebtedness.