Examples of Construction Term in a sentence
In the event that Borrower properly exercises its option to convert the Loan to a Permanent Loan in accordance with Article V of the Loan Agreement, the Construction Term shall end on the day immediately preceding the commencement of the Permanent Term as provided for in Section 5.3 of the Loan Agreement.
As used herein, the following terms shall be defined as follows: Construction Term.
Only the members of the Company or their duly appointed Proxy / Proxies are entitled to attend and vote at the meeting.
Notwithstanding anything herein to the contrary, if the Borrower fails to satisfy the condition precedent as provided in Section 5.1 of the Loan Agreement, then the Construction Term Maturity Date shall be twenty (24) months from the date of this Note.
The supreme court has, in other instances, either expressly permitted or expressly prohibited reply briefs.