Project Loan Amount definition

Project Loan Amount means Twelve Million Six Hundred Thirty-Seven Thousand Ninety-Three and 40/100 Dollars ($12,637,093.40).
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Project Loan Amount means (a) in respect of the Bayou Cove Project Company, $107,353,000, (b) in respect of the Rockford I Project Company, $111,867,000, and (c) in respect of the Rockford II Project Company $105,780,000.
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Project Loan Amount means $149,470,521.
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Examples of Project Loan Amount in a sentence

  • Delete Instructions and unused optional provisions highlighted below] Parties, Effective Date, Project Loan Amount Borrower(s): Initial Funding Lender: Effective Date: / /2­­­­­­­­­0 ­­­­­­­­­­­ Project Loan Amount: $ Property Manager [See Section ­­­­­6.09(d)] ☐ , a , or another residential rental property manager that is approved by Funding Lender in writing.

  • If and to the extent any Lender shall fund amounts in excess of the Project Loan Amount for any purpose, such Lender's Ratable Share of the Project Loan shall be adjusted from time to time based on the total amounts advanced by all of Lenders from time to time in respect of the Project Loan.

  • Pursuant to the Act and the Project Loan Agreement, dated as of [DATE] (“Project Loan Agreement”), among [GOVERNMENTAL LENDER] (“Governmental Lender”), [FISCAL AGENT], as fiscal agent (“Fiscal Agent”), and Borrower, Governmental Lender made a mortgage loan to Borrower in the original principal amount of $[AMOUNT] (of which the Project Loan Amount remains outstanding as of the Effective Date) (the “Project Loan”) to provide for the financing of the Mortgaged Property.

  • Pursuant to the Act and the Project Loan Agreement, dated as of [FIRST DAY OF MONTH OF CLOSING] (“Project Loan Agreement”), among [GOVERNMENTAL LENDER] (“Governmental Lender”), [FISCAL AGENT], as fiscal agent (“Fiscal Agent”), and Xxxxxxxx, Governmental Lender is agreeing to make a mortgage loan to Borrower in the Project Loan Amount (the “Project Loan”) to provide for the financing of the Mortgaged Property.

  • Borrower pays a release amount equal to the then outstanding balance (including both principal and interest) of the Construction Project Loan Amount pertaining to the applicable Construction Project, or the pro-rata share of outstanding Draws (together with the pro-rata share of accrued interest) if the Construction Project includes one or more Properties and all are not being released.

  • No Lender is obligated to fund amounts in excess of its Ratable Share of the Project Loan Amount, but if the Project Loan Amount is increased or Agent makes funds available in excess of the total Project Loan Amount, each Lender shall have the right to elect at its own discretion whether to provide funds to Agent to fund amounts in excess of the Project Loan Amount.

  • TMCC and Borrower shall execute such affidavits and documents as necessary and permitted under Applicable Law to prevent the taxation of any Deed of Trust in excess of the Construction Project Loan Amount or the applicable Permanent Advance, as the case may be.

  • Borrower may, at any time and without any prepayment fee or premium or notice or penalty, repay all or any part of the Construction Project Loan Amount to TMCC.

  • In such event, the Project Loan Amount shall be permanently reduced by any and all Deficiencies unless and until funded as provided in clauses (A) or (B) above or a substitute lender, reasonably acceptable to Lenders other than the Defaulting Lender(s), pays such Deficiency(ies).


More Definitions of Project Loan Amount

Project Loan Amount is the principal balance of the Project Loan as of the Effective Date, as set forth on Page 1 of this Continuing Covenant Agreement, which amount is equal to the principal balance of the Funding Loan as of the Effective Date.
Sample 1
Project Loan Amount means the loan or loan amount for the acquisition and development of a Project with disbursements under such loan not to exceed the Maximum Project Loan Initial Balance for such Project.
Sample 1
Project Loan Amount means Four Million, Nine Hundred Twenty Thousand, Seven Hundred Thirty-Nine and 67/100 Dollars ($4,920,739.67). “Project Loan Assignment of Leases” shall mean that certain Project Loan Assignment of Leases and Rents, dated the date hereof, from Borrower, as assignor, to Lender, as assignee, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. “Project Loan Documents” shall mean, collectively, this Agreement, the Project Loan Note, the Project Loan Mortgage, the Project Loan Assignment of Lease as well as all other documents not or hereafter executed and/or delivered with respect to the Project Loan. 4
Sample 1
Project Loan Amount means the maximum Allocations for any Project included as Eligible Property included under the Master Line as shown on the Project Loan Sheet.
Sample 1
Project Loan Amount means $29,027,598.00.
Sample 1
Project Loan Amount means, with respect to a Project Loan, the amount designated as the Project Loan Amount in the Project Loan Documents, as such amount may be adjusted from time to time by mutual consent of the Lender and the Project Borrower evidenced by a written statement or agreement executed and delivered by the Lender and the Project Borrower. The Project Loan Amount shall be the total of the Acquisition Amount plus the Development Amount.
Sample 1

Related to Project Loan Amount

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • 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.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • 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.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Maximum Revolving Advance Amount means $30,000,000.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $62,680,000, as such amount may be reduced or increased from time to time pursuant to this Agreement.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Allocated Loan Amount means, for an Individual Property, the amount set forth on Schedule II attached hereto.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

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

  • Term Loan A has the meaning set forth in Section 2.2(a).