Project Loan Maturity Date definition

Project Loan Maturity Date. The earlier of (a) the Maturity Date, or (b) one of the following dates depending upon the type of Project: (i) thirty (30) months after the date on which the first Advance of the proceeds of a Development Project Loan is made, (ii) twelve (12) months after the date on which the first Advance of proceeds of a Construction Project Loan is made if the Project Improvement is a Pre-Sold Home (or, if earlier, the closing date stipulated in the Purchase Agreement), (iii) thirty (30) months after the date on which the first Advance of proceeds of a Construction Project Loan is made if the Project Improvement is a Model Home, or (iv) fifteen (15) months after the date on which the first Advance of proceeds of a Construction Project Loan is made if the Project Improvement is a Speculative Home.
Sample 1Sample 2
Project Loan Maturity Date means June 30, 2004.
Sample 1Sample 2
Project Loan Maturity Date means, with respect to a Project Loan, the date which is set forth in the Project Loan Documents as the date on which the Project Loan matures.
Sample 1

Examples of Project Loan Maturity Date in a sentence

  • Interest shall accrue from the Disbursement Date and shall be due and payable on the earliest of the Maturity Date, the Project Loan Maturity Date (with respect to the portion attributable to such Project), on the date that any payment is due pursuant to Section 4.1(d) (with respect to the portion of the Loan then due) or any accelerated maturity of the Loan as a result of an Event of Default.


More Definitions of Project Loan Maturity Date

Project Loan Maturity Date shall have the meaning ascribed thereto in Section 2.06 hereof.
Sample 1
Project Loan Maturity Date means, with respect to a particular Project Loan, the date which is thirty (30) months after the Project Loan Closing Date for such Project Loan.
Sample 1

Related to Project Loan Maturity Date

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Initial Term Loan Maturity Date means August 15, 2025 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Swingline Maturity Date means, with respect to any Swingline Loan, the date that is five Business Days prior to the Revolving Credit Maturity Date.