Common use of Construction Loan Clause in Contracts

Construction Loan. The indebtedness of the Company incurred pursuant to Section 3.5 hereof in connection with the construction and development of each Development Project.

Appears in 2 contracts

Sources: Operating Agreement (Campus Crest Communities, Inc.), Operating Agreement (Campus Crest Communities, Inc.)

Construction Loan. The indebtedness of the Company incurred pursuant to Section 3.5 3.6 hereof in connection with the construction and development of each Development Project.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Campus Crest Communities, Inc.), Operating Agreement (Campus Crest Communities, Inc.)