Construction Loan Fee definition

Construction Loan Fee the amount identified in the Schedule as the Construction Loan Fee.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Construction Loan Fee means the loan origination fee of the Lender in the amount of three (3)% of the total par amount of the Loan, due on the Closing Date.

Construction Loan Fee means a fee in the amount of one-half of one percent (0.5%) of the Construction Loan Amount (viz., a fee of $125,000.00) payable by Borrower to Bank at the Closing.

Examples of Construction Loan Fee in a sentence

On the date hereof, Borrower shall pay the Construction Loan Fee to Bondowner Representative.
The portions of the Cost Breakdown allocated for payment of the Construction Loan Fee, and for the costs and expenses of Lender's legal counsel and other fees and costs incidental to the Loan, shall be disbursed directly as and when due, without the prior written instruction or request of Borrower.
Borrower will pay to Lender the Construction Loan Fee, the Receivables Loan Fee and the Working Capital Loan Fee in accordance with the requirements set forth in the Schedule.
The portion of the Disbursement Budget initially totaling $ , shall be disbursed into the Account or to or for the benefit or account of Borrower for the payment of Bondowner Representative Construction Loan Fee.
In consideration of Lender’s agreement to make the Loan, upon and subject to the provisions and conditions hereof, the Construction Loan Fee shall be due and payable to Lender upon execution of this Agreement by Borrower and Lender.
The Disbursement made upon the Closing Date which: (a) pays to Borrower these amounts consistent with the Cost Breakdown approved by Lender; and (b) pays to Lender the remaining amount of the Construction Loan Fee and Lender’s fees and costs pursuant to Paragraph 3.3 hereof.
The Construction Loan Fee, the Receivables Loan Fee and the Working Capital Loan Fee have been earned and shall be non-refundable.
Engineering $118,197 Appraisal and Real Estate Taxes 8,731 Geotechnical Studies 12,100 Permit Fees 54,692 Letter of Credit Fees 2,200 Construction Loan Fee 10,000 Pre-development Interest 20,857* Closing Costs and Legal Fees 44,168 Project Overhead 1.649 _________________ * Subject to readjustments for actual November and December, 1990 interest.
Lender allowing the collection of the Construction Loan Fee to be deferred, for a limited period of time, until the Closing Date shall not limit Borrower’s obligation to pay the Construction Loan Fee.
Construction Loan Fee: Three Hundred Thirty-Two Thousand Five Hundred Dollars ($332,500).

More Definitions of Construction Loan Fee

Construction Loan Fee. Three Hundred Thirty-Two Thousand Five Hundred Dollars ($332,500).

Construction Loan Fee means the fee payable with respect to the Construction Loan on or before the Closing Date in the amount of ///[$107,025]///.

Construction Loan Fee means the $34,500 nonrefundable construction loan fee, to be paid to State Farm concurrently herewith in consideration of the commitment of State Farm to administer the Loan prior to Conversion.