Project Mortgages definition
Examples of Project Mortgages in a sentence
Contractor acknowledges that all work performed pursuant to this Agreement is subject to the labor standards contained in Supplementary Conditions of the Contract for Construction (HUD-92554M), or its replacement, as acknowledged from time to time by the original General Contractor in executing the Contractor's Prevailing Wage Certificate on the back of Contractor's Requisition, Project Mortgages (HUD-92448) (“Certificate”).
Notwithstanding anything to the contrary hereinabove provided, Tenant shall at all times maintain such limits of coverage as may be required by any applicable Project Mortgages, the costs of which shall be treated as an Operating Expense.
Borrower acknowledges that all work performed pursuant to this Agreement is subject to the labor standards contained in HUD-92554-OHF, Supplementary Conditions of the Contract for Construction, or its replacement, as acknowledged from time to time by the original General Contractor in executing the Contractor's Prevailing Wage Certificate (“Certificate”) on the back of HUD-92448-OHF, Contractor's Requisition, Project Mortgages, or its replacement.
The rights granted a Registered Mortgagee in this Article VII shall not extend to more than two (2) such Registered Mortgagees at any one time and shall be exercisable by each Registered Mortgagee in accordance with the respective priorities of the Project Mortgages.
Such participants shall be bound to the same confidentiality provisions with respect to the Project Mortgages and the Borrowers as are applicable to the Lender.
Advances under a Project Mortgage which have been repaid, and unadvanced portions of a Project Mortgage which are no longer available to be advanced under such Project Mortgage, in each case, may form part of another Project Mortgage Commitment and may be drawn down again under another Project Mortgage at any time and from time to time subject to the provisions of Section 2.1(a) and all other relevant provisions hereunder in respect of establishing Project Mortgages and Drawdowns.