Common use of Trust Fund Provisions Clause in Contracts

Trust Fund Provisions. All proceeds advanced hereunder shall be subject to the trust fund provisions of Section 13 of the Lien Law. The affidavit attached hereto as Exhibit D is made pursuant to and in compliance with Section 22 of the Lien Law, and, if so indicated in said affidavit, Building Loan proceeds will be used, in part, for reimbursement for payments made by the Borrower prior to the Initial Advance hereunder but subsequent to the commencement of the construction and equipping of the Improvements for items constituting Costs of the Improvement.

Appears in 4 contracts

Samples: Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust)

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Trust Fund Provisions. All proceeds advanced hereunder shall be subject to the trust fund provisions of Section 13 of the Lien Law. The affidavit attached hereto as Exhibit D C is made pursuant to and in compliance with Section 22 of the Lien Law, and, if so indicated in said affidavit, Building a portion of the Loan proceeds Amount will be used, in part, for reimbursement for payments made by the Borrower Company prior to the Initial initial Advance hereunder but subsequent to the commencement of the construction and equipping of the Improvements Facility for items constituting Costs of the Improvement.

Appears in 1 contract

Samples: Building Loan Agreement (Spurlock Industries Inc)

Trust Fund Provisions. All proceeds advanced hereunder shall be subject to the trust fund provisions of Section 13 of the Lien Law. The affidavit attached hereto as Exhibit D G is made pursuant to and in compliance with Section 22 of the Lien Law, and, if so indicated in said affidavit, Building Loan proceeds will be used, in part, for reimbursement for payments made by the Borrower prior to the Initial initial Advance hereunder but subsequent to the commencement of the construction and equipping of the Improvements for items constituting Costs of the Improvement.

Appears in 1 contract

Samples: Building Loan Agreement (Alterra Healthcare Corp)

Trust Fund Provisions. All proceeds advanced hereunder shall be subject to the trust fund provisions of Section 13 of the Lien Law. The affidavit attached hereto as Exhibit D Lien Law Affidavit is made pursuant to and in compliance with Section 22 of the Lien Law, and, if so indicated in said affidavitAffidavit, Building Loan proceeds will be used, in part, for reimbursement for payments made by the Borrower prior to the date hereof and prior to the Initial Construction Advance hereunder but subsequent to the commencement of the construction and equipping of the Improvements Project for items constituting Costs of the Improvement.

Appears in 1 contract

Samples: Building Loan Agreement (New York Times Co)

Trust Fund Provisions. All proceeds advanced hereunder shall be subject to the trust fund provisions of Section 13 of the Lien Law. The affidavit attached hereto as Exhibit D B is made pursuant to and in compliance with Section 22 of the Lien Law, and, if so indicated in said affidavit, Building Loan proceeds will be used, in part, for reimbursement for payments made by the Borrower Company prior to the Initial initial Advance hereunder but subsequent to the commencement of the construction and equipping of the Improvements for items constituting Costs of the Improvement.

Appears in 1 contract

Samples: Building Loan Agreement (Angiodynamics Inc)

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Trust Fund Provisions. All proceeds advanced hereunder Advanced pursuant to this Agreement shall be subject to the trust fund provisions of Section 13 of the Lien Law. The affidavit attached hereto as Exhibit D is made pursuant to and in compliance with Section 22 of the Lien Law, and, if so indicated in said affidavit, Building Loan a portion of the proceeds of the Bonds will be used, in part, for reimbursement for payments made by the Borrower Company prior to the Initial initial Advance hereunder but subsequent to the commencement of the construction and equipping of the Improvements Project Facility for items constituting Costs of the Improvement.

Appears in 1 contract

Samples: Mechanical Technology Inc

Trust Fund Provisions. All proceeds advanced hereunder shall be subject to the trust fund provisions of Section 13 of the Lien Law. The affidavit attached hereto as Exhibit D EXHIBIT F is made pursuant to and in compliance with Section 22 of the Lien Law, and, if so indicated in said affidavit, Building Loan proceeds will be used, in part, for reimbursement for payments made by the Borrower prior to the Initial Advance hereunder but subsequent to the commencement of the construction and equipping of the Improvements for items constituting Costs of the Improvement.

Appears in 1 contract

Samples: Building Loan Agreement (Alexanders Inc)

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