Project Loan Maturity Date definition
Examples of Project Loan Maturity Date in a sentence
From the date of this Agreement through the Project Loan Maturity Date, Lender may approve Advances under such Project Loan for the payment and/or reimbursement of costs for the construction of the A&D Improvements in accordance with the Allocations set forth in the A&D Budget approved specified in said Project Loan Sheet.
Construction Project Loans are term loans, each of which shall mature on its respective Project Loan Maturity Date, and are not themselves revolving loans, i.e., sums prepaid upon a Construction Project Loan may not be reborrowed as a part of the same Construction Project Loan, but may be reborrowed only as part of another Project Loan in accordance with the terms of this Agreement.
The entire unpaid principal amount of the Loan shall be due and payable on the Termination Date, and the entire unpaid principal amount of each Project Loan shall be due and payable on the Project Loan Maturity Date therefor.
Commencing on December 1, 2009 and on the first (1st) day of each month thereafter until the Six Project Loan Maturity Date, Six Project Borrowers shall make a monthly principal amortization payment in accordance with Schedule 2.3(b) attached hereto.
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.
The term of a Project Loan shall expire upon the earlier of (the "Project Loan Maturity Date"): (a) nine (9) months from its Closing Date, if such Closing Date occurs before May 1, 1998, and twelve (12) months from its Closing Date if such Closing Date occurs on or after May 1, 1998; or (b) the sale of the Project in respect of which such Project Loan was made pursuant to the Purchase Agreement for such Project, unless such Project Loan is sooner paid pursuant to the terms hereof.
The term of a Project Loan shall expire upon the earlier of (the "Project Loan Maturity Date"): (a) nine (9) months from its Closing Date; or (b) the sale of the Project in respect of which such Project Loan was made pursuant to the Purchase Agreement for such Project, unless such Project Loan is sooner paid pursuant to the terms hereof.
Development Project Loans are term loans, each of which shall mature on its respective Project Loan Maturity Date, and are not themselves revolving loans, i.e., sums prepaid upon a Development Project Loan may not be reborrowed as a part of the same Development Project Loan, but may be reborrowed only as part of another Project Loan in accordance with the terms of this Agreement.
Approved Construction Projects may be shown on the Borrowing Base Certificate only until the applicable Project Loan Maturity Date.
Commencing on December 1, 2009, and on the first day of each month thereafter until the Six Project Loan Maturity Date, Six Project Borrowers shall pay interest for the Six Project Loan in arrears on the first day of each month until all amounts due under the Loan Documents are paid in full at the applicable Six Project Interest Rate.