Construction Closing Date definition
Examples of Construction Closing Date in a sentence
On the Construction Closing Date and on an annual basis at each policy anniversary, the Company shall furnish, or cause to be furnished, to the Owner Lessor, the Owner Participant and, so long as the Lien of the Security Documents has not been terminated or discharged, the Indenture Trustee and the Pass Through Trustees, approved certification of all required insurance.
The Agency Loan shall be used to pay a portion of the Rehabilitation Costs (which includes the acquisition of the Leasehold) as set forth in the Method of Financing and shall be disbursed pursuant to the Disbursement Agreement commencing on the Construction Closing Date.
All fees and expenses due and payable on or prior to the Construction Closing Date pursuant to Section 2.17 shall have been paid.
On the Construction Closing Date, the Company is not aware of any existing condition or state of facts that is not generally known that is reasonably expected to result in any material or adverse change in the Construction Budget.
The representations and warranties set forth in the Operative Documents (including pursuant to Article VI hereof) shall be true and correct on and as of the Construction Closing Date with the same effect as though made on and as of the Construction Closing Date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties were true and correct on and as of such date).
The City Loan shall be used to pay a portion of the Improvement Costs (which includes the acquisition of the Property) solely for the Eligible Residential Units, as set forth in the Method of Financing and shall be disbursed pursuant to the Disbursement Agreement commencing on the Construction Closing Date.
No Company Event of Default or Company Default shall have occurred and be continuing, or shall occur after giving effect to the issuance of the Initial Lessor Notes and the Certificates, the acceptance of the Equity Contributions and the making of the Advances on the Construction Closing Date.
As of the Construction Closing Date, the textual material accompanying the Base Case Projections discloses, in the reasonable opinion of the Company, all information reasonably necessary for an understanding of the Base Case Projections, and does not, to the Actual Knowledge of the Company, contain any material misstatements or omit any information which, in conjunction with other information given, would be necessary to make such information not materially misleading.
The Company shall cause the EPC Contractor, prior to the Construction Closing Date and upon request from time to time, to deliver to the Owner Lessor, the Owner Participant and the Indenture Trustee evidence of insurance that is satisfactory to the Owner Lessor, the Owner Participant and the Indenture Trustee, including, when available, certified copies of all insurance policies.
Within twenty (20) calendar days after Owner’s submittal, but in any event no later than thirty (30) days prior to the scheduled Construction Closing Date.