Examples of Construction Advances in a sentence
In addition, BNPLC may from time to time make expenditures or incur costs constituting Construction Advances after a Landlord's Election to Continue Construction as described in subparagraph 6.(e).
Attest: TITLE INSURANCE COMPANY Endorsement Form T-3: GeneralENDORSEMENT – T-3Use Only In Connection With Interim Construction Advances Subsequent To Issuance of Form T-2 Mortgagee Title Policy Issuing the Form:This endorsement may be attached to any Mortgagee Title Insurance Policy including the cost of the construction of improvements.
Use Only in Connection with Interim Construction Advances Subsequent to Issuance of Form T-2 Mortgagee Title Policy.A. As to Mortgagee Title Policies issued before October 1, 1991.
No funding of Construction Advances and no failure of BNPLC to object to any Work proposed or performed by or for NAI shall constitute a waiver by BNPLC of the requirements contained in this Agreement.
As used herein, references to the "OUTSTANDING CONSTRUCTION ALLOWANCE" mean the difference on the date in question (but not less than zero) of (A) the total Construction Advances made by or on behalf of BNPLC on or prior to the date in question, plus (B) all Carrying Costs added on or prior to the date in question, less (C) any funds received and applied as Qualified Prepayments on or prior to the date in question.