Construction Loan Agreement Sample Clauses

Construction Loan Agreement. 4 Contractor...............................................................................................4
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Construction Loan Agreement. The term “Construction Loan Agreement” shall mean that certain loan agreement part of the Construction Loan Documents.] [IF APPLICABLE]
Construction Loan Agreement. The Loan evidenced by the Note and secured by this Mortgage is to be disbursed in accordance with the terms and provisions of the Loan Agreement. The Note, this Mortgage and the Loan Agreement shall always be taken and read together as constituting parts of one transaction. All sums disbursed pursuant to the terms of the Loan Agreement shall be secured by this Mortgage with the same priority as if advanced on the date hereof. Mortgagor shall fully, duly and promptly discharge each and every of its agreements contained in the Loan Agreement and comply with, abide by and perform all of the provisions and conditions thereof.
Construction Loan Agreement. The Loan Fee to convert to a permanent loan in accordance with the terms of the Note is increased from $8,440.00 to $9,750.00.
Construction Loan Agreement. The (i) $_________ Acquisition and Project Loan Agreement and (ii) $_________ Building Loan Agreement, each dated as of _________ ___, 200___, among Borrower, the Lenders parties thereto, and Eurohypo, AG, New York Branch, as Administrative Agent
Construction Loan Agreement. NEGATIVE COVENANTS. Borrower covenants and agrees with Lender that while this Agreement is in effect, Borrower shall not, without the prior written consent of Lender:
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Construction Loan Agreement. This Mortgage secures an obligation incurred for the construction of an improvement on land and is a "Construction Mortgage" as that term is used in the Uniform Commercial Code. This Mortgage is the Mortgage referred to in and is also given as security for the due and punctual performance, observance and payment by the Mortgagor of the terms and conditions set forth in that certain Construction Loan Agreement ("Loan Agreement") of even date herewith between the Mortgagor and the Mortgagee the terms and conditions of which are incorporated herein by reference. In addition to its remedies hereunder, the Mortgagee may, but shall not be required to, avail itself of any or all of the rights and remedies available to it under the Loan Agreement, and any sums expended by the Mortgagee in availing itself of such rights and remedies shall bear interest thereon at the rate specified in the Loan Agreement and shall be so much additional Indebtedness Secured Hereby, and shall be payable to the Mortgagee immediately upon demand; provided that, no such payment by the Mortgagee shall be considered as waiving the event of default.
Construction Loan Agreement. Prior to each disbursement --------------------------- following the initial disbursement, the Borrower shall have furnished to the Bank all materials required pursuant to the Construction Loan Agreement not otherwise required hereunder prior to any disbursement. SECTION SIX ----------- COVENANTS --------- The Borrower covenants and agrees that, from the date of this Agreement and until the obligations of the Borrower to the Bank hereunder are satisfied in full, it will comply with the following provisions:
Construction Loan Agreement. (Continued)
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