Examples of Construction Loan Agreement in a sentence
The word "Agreement" means this Construction Loan Agreement, as this Construction Loan Agreement may be amended or modified from time to time, together with all exhibits and schedules attached to this Construction Loan Agreement from time to time.
Construction Loan Agreement: An agreement between the Authority and a Non-Residing Customer for payment in advance for a line extension on private property with the potential to service multiple Customers.
The Authority will extend its facilities only if satisfactory arrangements have been made under a Construction Loan Agreement to reimburse the Authority for the investment and expense involved.
Any portion of a payment Note Holder receives in excess of the interest due during the Construction Phase or any funds Note Holder does not advance under the Construction Loan Agreement may, at Note Holder’s option, be used to pay costs associated with the Construction Phase or may be credited as a partial prepayment of the Principal amount of the Loan.
During the Construction Phase of the Loan, Note Holder will advance funds in accordance with the Construction Loan Agreement dated the same date as this Addendum (the “Construction Loan Agreement”).