Construction Loan Commitment definition
Construction Loan Commitment means, at any time with respect to each Lender, such Lender’s Proportionate Share of the Total Construction Loan Commitment at such time.
Construction Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Construction Loans, as set forth opposite the name of such Lender in Schedule 2.01, as the same may be reduced in accordance with Section 2.07 (
Construction Loan Commitment shall have the meaning specified in Section 2.
Examples of Construction Loan Commitment in a sentence
Each Lender’s Construction Loan Commitment shall be irrevocably reduced by the amount of each Construction Loan made by such Lender hereunder.
Each Lender’s remaining Construction Loan Commitment shall be reduced to zero and thereafter terminated on the Construction Loan Commitment Termination Date.
More Definitions of Construction Loan Commitment
Construction Loan Commitment means, with respect to each Construction/Term Lender, such Lender's Tranche A Construction Loan Commitment and/or Tranche B Construction Loan Commitment, as applicable.
Construction Loan Commitment means, as to any Construction Loan Lender, the obligation of such Lender to make Construction Loans to the Company in an aggregate amount not to exceed, at any one time outstanding, the amount set forth opposite such Construction Loan Lender's name on SCHEDULE 1.1(II) under the heading "Construction Loan Commitment" or, in the case of any Construction Loan Lender that is an assignee, the amount of the assigning Construction Loan Lender's Construction Loan Commitment assigned to such assignee pursuant to Section 10.4, in each case as such amount may be adjusted or reduced from time to time as provided herein.
Construction Loan Commitment means, with respect to each Term Lender, the commitment, if any, of such Term Lender to make Construction Loans hereunder as set forth on Appendix A-1 or in the Assignment and Acceptance pursuant to which such Term Lender assumed its Construction Loan Commitment, as applicable, as the same may be reduced from time to time in accordance with the terms hereof. The aggregate amount of the Construction Loan Commitments as of the Closing Date is $700,000,000.
Construction Loan Commitment means, for each Project, the Construction Lender’s written commitment to make the Construction Loan to the Borrower, which shall meet the requirements of Section 7.2(i) of this Agreement.
Construction Loan Commitment means at any time, for any Bank, the amount set forth opposite such Bank's name on Schedule 1.1(A) under the heading "Construction Loan Commitment", as such amount may be reduced from time to time pursuant to Section 2.11 and Section 11.4(d) or increased pursuant to Section 11.4(c) in the case of an assignment thereunder of Credit Exposure to such Bank from another Bank.
Construction Loan Commitment means, subject to Section 2.5, $410,000,000, (including the obligation to convert the Construction Loans to Converted Term Loans pursuant to Section 2.8), but excludes the Converted Term Loans.
Construction Loan Commitment has the meaning assigned thereto in Section 2.01(a)(i).