Construction Deficit definition
Examples of Construction Deficit in a sentence
Within thirty (30) days after delivery of such notice and the report and statement referred to above to PCI, PCI shall contribute the amount of such Construction Deficit to the Partnership as an additional capital contribution up to the aggregate amount of $1,775,000.
Section 6.01(c) Construction Deficit............................................................
The Managing Partner hereby agrees to give promptly to PCI such additional information regarding such Construction Deficit as may be reasonably requested Notwithstanding any of the foregoing to the contrary, the PCI Additional Capital Contribution shall be due and payable to the Partnership at such times and in such amounts as are required under the terms of the documents evidencing or securing the Construction Loan.