Construction Loans definition

Construction Loans means secured loans from time to time made by the Company or any of its Consolidated Subsidiaries to various borrowers the proceeds of which are designated for the construction of Health Care Facilities or for the acquisition of real estate and the construction thereon of Health Care Facilities.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Construction Loans shall have the meaning assigned to such term in Section 2.01(a).

Construction Loans has the meaning set forth in Section 2.1(c) of this Credit Agreement.

Examples of Construction Loans in a sentence

The Borrower shall repay Construction Loans with the proceeds of Term Loans solely to the extent the proceeds thereof were applied in accordance with Section 5.1.
The prepayment provisions applicable to Construction Loans and Tax Equity Bridge Loans shall be governed by Section 2.1(g).
The Borrower hereby consent to such deemed issuance of one or more Notices of Construction Loan Borrowing and Notices of Tax Equity Bridge Loan Borrowing under this Section 1.3 and agree that the amounts capitalized under this Section 1.3 shall constitute Construction Loans or Tax Equity Bridge Loans, as applicable, under this Agreement.
Except in connection with a Notice of Construction Loan Borrowing for (x) payment of fees, interest and expenses arising hereunder or (y) the final disbursement of Construction Loans, in each case, during the Construction Loan Availability Period, each Borrowing shall be in the minimum amount of $1,000,000 and an integral multiple of $50,000 in excess thereof (unless used for capitalizing fees and interest).
Interest payable pursuant to this Section 1.1(c)(ii) may be paid out of the proceeds of the Construction Loans and the Tax Equity Bridge Loans, subject to Article 3 and Section 1.3.

More Definitions of Construction Loans

Construction Loans have the meaning assigned to such terms in Section 1.1(a)(i).

Construction Loans means, collectively, each construction loan made pursuant to a request by the Borrower under Section 2.1 and each drawing on the Construction Loan Commitments deemed made pursuant to Section 2.5(d).

Construction Loans means the loans made hereunder in accordance with the provisions of Section 2.1(a), whether made as a Eurodollar Loan or an Alternate Base Rate Loan, as permitted hereby.

Construction Loans means financing obtained by Borrower, Guarantor or a Special Purpose Entity to finance the costs set forth in the Real Estate Asset Budget Amount for the construction of a Real Estate Asset.

Construction Loans shall have the meaning provided in Section 2.1(a) of this Agreement.

Construction Loans means Mortgage Loans made to finance the construction of buildings and other improvements on land and may include the financing of all or part of the cost of the acquisition, of such land (including leaseholds therein).

Construction Loans means the construction loans made by the Lenders to the Borrower pursuant to Section 2.01(a).