Construction Disbursement definition

Construction Disbursement means a disbursement of Loan Proceeds for construction of the Project.
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Construction Disbursement. As such term is defined in Section 7.3.
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Construction Disbursement. A disbursement of Loan Proceeds for construction of the Project.
Sample 1

Examples of Construction Disbursement in a sentence

  • The proceeds of the Funding Loan shall be advanced by the Funding Lender to the Fiscal Agent (pursuant to the wiring instructions on Exhibit G attached hereto) for payment to or for the benefit of the Borrower for the account of the Governmental Lender as and when needed to make each advance in accordance with the disbursement provisions of the Construction Disbursement Agreement, Section 7.7 hereof, and Section 2.11 of the Borrower Loan Agreement.

  • Therefore, the objective was reformulated as follows: “Establishment of basic conditions within the GSA so that the department will be able, at a time after the end of the project, to participate in activities related to the analysis of structural vulnerability, food security policy analysis, as well as policy recommendations.” Even so, the project did not carry out any activity in this regard.

  • At the same time, European citizenship became more and more consistent: the Treaties and the Charter of Fundamental Rights have defined a set of common rights, have established forms of consultation and civic organizations were often called to participate in the implementation of projects and programmes of great significance.

  • The proceeds of the Funding Loan shall be advanced by the Funding Lender to the Fiscal Agent, and then from the Fiscal Agent to the Borrower in accordance with the terms of the Construction Disbursement Agreement, the Funding Loan Agreement and this Borrower Loan Agreement.

  • The Construction Inspector shall be well-acquainted with MHDC design and construction standards as stated in the MHDC Construction Compliance Guidelines, as may be amended, and the MHDC Construction Disbursement Guide, as may be amended, and follow those standards in the performance of the contract.

  • The Trustee may rely fully on the representations of the Borrower contained in any Requisition, and upon the written approval of the Servicer set forth on any Requisition, delivered pursuant to the Loan Agreement, this Indenture and the Construction Disbursement Agreement, and shall not be required to make any investigation or inspection of the Project in connection therewith.

  • If any Lender defaults in providing its Pro Rata Share of any Construction Disbursement, then Agent Bank and Borrower shall use their best efforts to find a replacement lender.

  • Lenders shall not be required to make any Construction Disbursements unless and until the representations and warranties contained in Article IV of this Credit Agreement are true and correct in all material respects on and as of the date of such Construction Disbursement, as though made on and as of such date.

  • The Funding Loan shall be funded by deposits to the Project Fund under the Funding Loan Agreement by the Funding Lender upon satisfaction of the conditions set forth in the Construction Disbursement Agreement, in one or more installments not to exceed the Borrower Loan Amount in accordance with the disbursement procedures set forth in the Construction Disbursement Agreement and the Funding Loan Agreement.

  • A Major Subcontractor Agreement and Major Subcontractor Consent for each Assigned Major Subcontract which has been executed as of the Initial Construction Disbursement Date.


More Definitions of Construction Disbursement

Construction Disbursement shall have the meaning provided in the Loan Agreement.
Sample 1
Construction Disbursement means, with respect to each Individual Property, a disbursement by the Trustee from the Project Fund for the Costs of constructing, renovating or installing the Applicable Project, including without limitation the Improvements or Off-Site Improvements at or with respect to such Individual Property.
Sample 1

Related to Construction Disbursement

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Disbursement is defined in Section 2.6.2.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Loan Disbursement Handbook means ADB’s Loan Disbursement Handbook (2012, as amended from time to time);

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Construction Work means any work in connection with

  • Construction activity means any clearing, grading or excavation associated with large construction activity or associated with small construction activity.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Construction and demolition debris means and includes:

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Construction Drawings means those drawings containing the technical details associated with the design, construction and installation of the Infrastructure;

  • Construction Lender means a person who makes a construction loan.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Public improvement costs means the costs of:

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).