Examples of Construction Loan Closing in a sentence
Construction Loan Closing - The date mutually approved by PHFA and Owner upon which the parties execute the Contract Documents.
The Fremantle Netball Association will be responsible for the appropriate functionality, safety and ongoing maintenance liabilities of the new building.
Contractor shall receive a construction management fee under the construction management agreement to be executed at or before the Construction Loan Closing equal to $2,000 per unit, payable from monthly draws on the Construction Loan based on percentage of completion as certified by the Construction Consultant as certified by the Construction Consultant, minus $49,000.
For projects using HCR funds for construction financing, or where HCR has an existing regulatory interest in the project, evidence of the required insurance during construction must be submitted prior to the construction closing as part of the Construction Loan Closing submission.
Please see HCR’s Legal Documents Manual, Index XVI, Construction Loan Closing Checklist III, Insurance for further information on the required insurance.Owners/awardees must submit the necessary borrower insurance binders or certificates as part of the Permanent Loan Closing submission.
Prior to Construction Loan Closing and during the Covenant Period, or such time as the Covenant Period is extended, in writing, by mutual agreement of the Landlord and Tenant during the Term or Extended Term, the Rent shall be ONE DOLLAR AND NO CENTS ($1.00) per year.
The Option shall terminate on the earlier of (a) the date Owner satisfies the Construction Loan Closing Conditions or (b) the Termination Date, in which case the Option shall be deemed to have expired and this Agreement shall be terminated of record.
The following insurance requirements shall only apply after Construction Loan Closing.
At the Construction Loan Closing, items the owner is responsible for, leases or other types of financial commitments made by you for self employment purposes.
Prior to the Construction Loan Closing and after consultation with WPHC, Feld shall cause to be prexxxxd detailed construction Plans and Specifications for the Project, and shall submit such Plans and Specifications to WPHC for approval.