Construction Loan Agreement definition
Examples of Construction Loan Agreement in a sentence
The taxable portion of the Xxxxxx Station Construction Loan shall be considered to be fully disbursed upon deposit of the proceeds of the 2025B Bonds pursuant to Section 4.1 hereof for the purposes of computing the amount of interest due each month on the Borrower’s Non- Tax Exempt Note (as defined in the Construction Loan Agreement) to the Authority.
The Trustee shall have no duty to determine whether any requested disbursement from the 2025 Series A Restricted Loan Subaccount complies with the terms, conditions and provisions of the applicable Risk Share Program Loan Agreement or Construction Loan Agreement.
The Xxxxxx Station Risk Share Program Loan and the tax-exempt portion of the Xxxxxx Station Construction Loan shall be considered to be fully disbursed upon deposit of the proceeds of the 2025A Bonds pursuant to Section 4.1 hereof for the purposes of computing the amount of interest due each month on the Borrower’s Risk Share Promissory Note (as defined in the Risk Share Program Loan Agreement) and the Borrower’s Tax-Exempt Note (as defined in the Construction Loan Agreement) to the Authority.
Amounts on deposit in the 2025 Series A Restricted Loan Subaccount shall be disbursed from time to time by the Trustee for the purpose of paying costs of the Xxxxxx Station Housing Facility that are approved by the Authority pursuant to the terms, conditions and provisions of the applicable Risk Share Program Loan Agreement or Construction Loan Agreement.
Amounts on deposit in the 2025 Series B Restricted Loan Subaccount shall be disbursed from time to time by the Trustee for the purpose of paying costs of the Xxxxxx Station Housing Facility that are approved by the Authority pursuant to the terms, conditions and provisions of the Construction Loan Agreement.