Construction Loan Agreement definition

Construction Loan Agreement means an agreement by and between Owner, as borrower thereunder, and Hydro-Québec Lender, pursuant to which Hydro-Québec Lender shall finance a portion of the Project Costs with loans to Owner on a senior secured basis. Loans under the Construction Loan Agreement, together with contributions to the equity capital of Owner, shall fund all Project Costs in a manner consistent with Owner’s obligations under Section 5.6 and Section 8.3(a).
Construction Loan Agreement means the Loan Agreement dated June __, 1996 by and between the Construction Lender and the Partnership, as amended.
Construction Loan Agreement means that certain Construction Loan Agreement of even date herewith, pursuant to which Lender has agreed, subject to the terms and provisions thereof, to make a $5,250,000 construction loan to Borrower, in a principal amount not at any time exceeding $3,500,000, the proceeds of which are to be used to construct the Project.

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.

  • The “Permanent Phase” is the period beginning on the first day of the month following the Completion Date specified in the Construction Loan Agreement.


More Definitions of Construction Loan Agreement

Construction Loan Agreement means that certain Mezzanine Construction Loan Agreement of even date herewith among the Borrower, as borrower, and the Holder, among other parties, as a Lender, as the same may be amended from time to time.
Construction Loan Agreement means that certain Construction Loan Agreement, dated as of October 23, 2003, between The Business Bank and Borrower (as amended, restated or otherwise modified from time to time).
Construction Loan Agreement means that certain Construction Loan Agreement dated as of December 19, 1991, between Borrower and GREFCO, as modified and amended pursuant to that First Amendment to Construction Loan Agreement, dated as of January 13, 1993 between Borrower and Lender, as modified and amended pursuant to that Second Amendment to Construction Loan Agreement dated as of April 7, 1993 between Borrower and Lender, as further modified and amended pursuant to that Third Amendment to Construction Loan Agreement dated as of December 16, 1993 between Borrower and Lender, as further modified and amended pursuant to that Fourth Amendment to Construction Loan Agreement dated as of June 28, 1994, as further modified and amended pursuant to that Fifth Amendment to Construction Loan Agreement dated as of May 10, 1995 between Borrower and Lender and as further modified and amended pursuant to that Sixth Amendment to Construction Loan Agreement of even date herewith, between Borrower and Lender, as from time to time further modified, extended, renewed, replaced or restated.
Construction Loan Agreement means that certain Construction Loan Agreement dated March 28, 2003 among Sardy House, North South and WestStar Bank, as amended.
Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.
Construction Loan Agreement means that certain Construction Loan Agreement between Company as Borrower and Fifth Third Bank as Lender dated November 3, 2006, and all related documents and agreements referred to therein.
Construction Loan Agreement means the agreement entered into by Owner with one or more financial institutions for financing the construction of the Plant. CONTRACTOR means Xxxxxx Construction Corporation, a Delaware corporation.