Construction Closing definition

Construction Closing means the point in time when (i) Owner receives the Senior Loan; (ii) the Project is allocated the Low Income Housing Tax Credits, or tax credit exchange funds in lieu thereof; and (iii) the conditions precedent to the Construction Closing set forth in Section 7 of the Method of Financing have been satisfied, or have been waived in writing by the Party to be benefited.
Sample 1Sample 2Sample 3
Construction Closing means the date upon which all financing necessary for the construction of the Development will close, and any deeds of trust related to such financing, are recorded against the Borrower's leasehold interest in the Property.
Sample 1Sample 2
Construction Closing shall have the meaning specified in Section 2.16 of the Participation Agreement.
Sample 1

Examples of Construction Closing in a sentence

  • By providing supplemental funds to close the project’s financial gap, the project will meet its placed-in-service deadline.(The project’s financials follow this report) Construction Sources Construction Construction Closing (Oct.

  • The term of this Note (the "Term") shall commence with the date of this Note and shall expire on the earlier of: (i) the date of the Construction Closing on Twin Rivers Housing Phase 4 or (ii) the termination of theMDA.

  • Notwithstanding any other provisions of this Agreement, the Authority will have no further obligation to disburse any portion of the Loan to the Borrower following: (i) the Construction Closing; (ii) termination of this Agreement; or (iii) notification by the Authority to the Borrower of a Default under the terms of this Agreement, until such time as the Default has been cured.

  • The Loan will have a term (the "Term") which commences on the date of this Agreement and expires on the earlier of: (i) the date of the Construction Closing or(ii) the date of any termination of the MDA, unless earlier terminated as provided herein.

  • The Borrower shall endeavor to complete the Predevelopment Activities by September 30, 2022, the currently projected date of the Construction Closing.


More Definitions of Construction Closing

Construction Closing means the date upon which all financing necessary for the construction of the Project on the Property closes, and any deeds of trust related to such financing are recorded against the Property.
Sample 1
Construction Closing means the date that deeds of trust evidencing the Development Financing described in Sections 1.1(cc), and the County Loan are recorded against the Property, immediately prior to the Commencement of Construction.
Sample 1

Related to Construction Closing

  • construction site means a workplace where construction work is being performed;

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Additional Closing has the meaning set forth in Section 2.3.

  • Closing means the closing of the purchase and sale of the Securities pursuant to Section 2.1.