Construction Lender definition

Construction Lender means a person who makes a construction loan.

Construction Lender means either of the following:

Construction Lender means any person, including a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, savings and loan association, credit union, cooperative bank, small loan company, sales finance company, investment company, or any other financial institution that advances money to a borrower for the purpose of making alterations or improvements to real property. A construction lender does not include a person or entity who is acting in the capacity of contractor, original contractor, or subcontractor.

Examples of Construction Lender in a sentence

• Disbursement Requests may include Eligible Costs previously funded by the Construction Lender.

• Tri-Party Agreement executed by the Committee, Borrower, and Construction Lender.

• During the Term, the Developer shall carry and maintain all insurance coverages as set forth in Exhibit C attached hereto and shall name the City and any Construction Lender as additional insureds under such coverage.

• In the event of the exercise of remedies under the Leasehold Deed of Trust by the Construction Lender, the City understands that the term Permitted Use will include any lawful use.

• Upon delivery of any of the Xxxxxxx Money, First Additional Deposit and/or Second Additional Deposit, to Seller or Seller’s Construction Lender, Seller shall have the right to use the full amount delivered for purposes related to the construction of the Resort and the Project, as needed based on construction draw requests submitted to Seller’s Construction Lender, and no interest will accrue thereon for the benefit of Purchaser.

More Definitions of Construction Lender

Construction Lender means the maker of any Construction Loan or beneficiary of any Construction Loan Deed of Trust.

Construction Lender means the maker of the Construction Loan, or its successor and assigns in such capacity.

Construction Lender means any mortgagee or beneficiary under a deed of trust lending funds all or a portion of which are used to defray the cost of the construction, alteration, repair or improvement, or any assignee or successor in interest of either.

Construction Lender means , a . “Deed of Trust” means that certain Deed of Trust with Assignment of Rents, Security Agreement and Fixture Filing of even date herewith to be executed by Xxxxxxxx as trustor for the benefit of the Committee, as beneficiary, as hereafter amended, supplemented, replaced or modified.

Construction Lender means the lender which provides the Construction Loan for the Project.

Construction Lender means any mortgagee or beneficiary under a

Construction Lender means a Lender with a Construction Commitment or with outstanding Construction Loans.