Project Release definition
Examples of Project Release in a sentence
It is understood and agreed that no Partial Project Release shall impair or otherwise adversely affect the Liens or other rights of Lender under the Loan Documents not being released (or as to parties to the Loan Documents and the Projects other than the affected Partial Project Release Parcel(s) and the Borrower subject of such Partial Project Release).
It is understood and agreed that no Project Release shall impair or otherwise adversely affect the Liens or other rights of Lender under the Loan Documents not being released (or as to parties to the Loan Documents and the Projects other than the affected Project and the Borrower subject of such Project Release).
The Project Release Fees shall be paid to FINOVA concurrently with the closing of such sale.
Brief Description and reason for the Change Order: Request #: Project Release: Priority: (H/M/L) Phase: Initiator: Date Opened: Detailed Description: 1.
The ratio of (a) the NOI for the applicable period, to (b) the Project Release Implied Debt Service.
The Project Release Fees with respect to each of Fountains, Project (Terraces - Phase 1), Project (Terraces - Phase 2), Winn▇▇▇, ▇▇oject (Reno), Brigantine Inn, Brigantine Villas, Calvada RV Park and Calvada Land shall equal ten percent (10%) of the gross sales price of a Lot or Unit sold with such Project.
Project Release Fees and the release fees payable pursuant to the following sentence shall be applied in the manner set forth in Section 5.
The Guaranty of a Project Company shall terminate in its entirety upon the occurrence of a Project Release Event with respect to such Project Company.
Project Release Factor Corporate Park Woodland 1.20 ▇▇▇▇▇ ▇▇▇▇ Industrial Park 1.10 Main Park II 1.10 Plaza Park 1.10 West Belt Plaza 1.10 Westgate Service Center 1.10 Corporate Park West 1.20 Dairy Ashford 1.10 Provided, however, in the event that the Corporate Park Woodland Project and the Corporate Park West Project are both released pursuant to the terms set forth in Exhibit G, attached hereto, the Release Factor for the second of such Projects to be released shall be 1.30.
Provided that Subcontractor has been paid for work completed under the Contract Documents (defined in Project Release), Contractor, as its sole option, shall have the right to require Subcontractor to provide lien releases or waivers by all person supplying labor, materials, or services to Subcontractor for the work performed by Subcontractor and to withhold any future and/or final payment until such releases are supplied.