Construction Loan Segment definition
Construction Loan Segment. Construction Loan Segment" or "Construction Loan" shall mean to the construction portion of the Interim First Mortgage Loan for the Property and Project pursuant to Section 4.11 and the First Mortgage Loan Documents.
Examples of Construction Loan Segment in a sentence
Then, after both such funding services have been fully used up, Landlord shall pay for Base Project Costs out of the proceeds of the Interim First Mortgage Loan (Construction Loan Segment) up to the original principal amount thereof.