Construction Loan Commitments definition

Construction Loan Commitments means the Tranche A Construction Loan Commitments and the Tranche B Construction Loan Commitments.
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Construction Loan Commitments means, as to any Lender, the applicable amount set forth opposite such Lender’s name in Schedule 2.1 to this Agreement as to the Construction Loans; provided that the aggregate Construction Loan Commitments shall not exceed an amount equal to [***] plus the aggregate Incremental Construction Loan Commitments, if any.
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Construction Loan Commitments means the Tranche A Construction Loan Commitments and/or the Tranche B Construction Loan Commitments, as the context shall require.
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Examples of Construction Loan Commitments in a sentence

  • The Construction Loan Commitments shall automatically be reduced by an amount equal to the amount of Project Costs being paid with such funds, other than the portion thereof attributable to Sponsor Pre-Sale Capacity Commitments.

  • Accrued Commitment Fees shall be payable in arrears on the first day of March, June, September and December of each year and on the date on which the Construction Loan Commitments terminate, commencing on the first such date to occur after the date hereof.

  • Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Construction Loan Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

  • Each reduction of the Construction Loan Commitments shall be made ratably among the Lenders in accordance with their respective Construction Loan Commitments.

  • At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Construction Loan Commitments.

  • Any such termination or reduction of the Construction Loan Commitments (and corresponding reduction of the Term Loan Commitments) shall permanently reduce the Construction Loan Commitments and the Term Loan Commitments.

  • With respect to the Greenfield Plant whose Excess Construction Loan Commitments are requested to be drawn, the Administrative Agent shall have received (on or before the date of the requested Funding) an ALTA 122 Endorsement to the Title Insurance Policy relating to such Plant.

  • The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Construction Loan Commitments of the Lenders are several and no Lender shall be responsible for any other Lender's failure to make Loans as required.

  • Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that if a notice of prepayment is given in connection with a conditional notice of termination of the Construction Loan Commitments as contemplated by Section 2.06, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.06.

  • Any termination or reduction of the Construction Loan Commitments shall be permanent.


More Definitions of Construction Loan Commitments

Construction Loan Commitments means, with respect to any Lender, the commitment of such Lender, if any, to make Construction Loans in an aggregate principal amount not to exceed the amount, expressed as a Dollar amount, set forth under the heading “Construction Loan Commitment” opposite such Lender’s name on Schedule 1.1A, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Construction Loan Commitment, as applicable, as such commitment may be reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.7. The aggregate amount of the Construction Loan Commitments on the Signing Date is $191,100,000, which is allocated to each Project in accordance with Annex 2.
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Construction Loan Commitments means the aggregate Construction Loan Commitment of all Lenders. On the Closing Date, the Construction Loan Commitments shall be $73,650,000; PROVIDED, HOWEVER, that such amount is subject to change pursuant to SECTION 2.10.
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Construction Loan Commitments 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 2.08 (
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Construction Loan Commitments means, with respect to any Lender, the commitment of such Lender, if any, to make Construction Loans in an aggregate principal amount not to exceed the amount, expressed as a Dollar amount, set forth under the heading “Construction Loan Commitment” opposite such Lender’s name on Schedule 1.1A, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Construction Loan Commitment, as applicable, as such commitment may be reduced or increased from time to time pursuant to assignments by or to such Lender under
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Construction Loan Commitments means, with respect to any Lender, the commitment of such Lender, if any, to make Construction Loans in an
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