Construction Notes definition

Construction Notes means the promissory notes of the Borrower, substantially in the form of Exhibit B, evidencing Construction Loans.

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Construction Notes means each Note issued as evidence of one or more Construction Loans.

Construction Notes means the promissory notes executed and delivered by BORROWER to each BANK substantially in the form of Exhibit A evidencing borrowings under the CONSTRUCTION LOAN up to an aggregate maximum amount of the lesser of (i) One Hundred Million and No/100 Dollars ($100,000,000.00), and (ii) sixty percent (60%) of the TOTAL PROJECT COST.

Examples of Construction Notes in a sentence

• Construction Notes and Working Capital Notes shall be dated the Closing Date (or, if later, the date of any request therefor by a Lender).

• Each required installment payment on the Construction Notes #2 shall be applied, when received in good funds, first to the unpaid interest accrued thereon and then to the principal balances thereof.

• Amounts prepaid on the Construction Notes #2 may not be reborrowed.

• No Advance may be requested which would cause the aggregate amount of disbursements made under the Construction Notes #2 to exceed eighty percent (80%) of the aggregate amount expended for construction of the Distribution Facility up to the date of such Advance.

• Upon the Term Conversion and payment in full of any principal amount of Construction Loans not converted to Term Loans and all accrued and unpaid interest thereon and fees in respect thereof, each such Lender shall promptly ▇▇▇▇ as canceled any Construction Notes issued to it under Section 2.1.6 or 9.13 then outstanding and return such canceled Construction Notes to Co-Borrowers.

• The following General Construction Notes shall apply to all Construction and Drawings.

• The Borrower may at any time and from time to time prepay the outstanding principal balance of the Construction Notes #2, in whole or in part, subject to Section 2.13 of the Credit Agreement.

• In addition to the conditions precedent under Sections 4 and 5, above, the parties agree that Advances under the Construction Notes will be made by Agent to Borrower subject to the following limitations.

• Disbursements shall not be made more often than monthly, and Advances under the Construction Notes may, at the option of Agent, be recorded on the Construction Notes and/or by deposits to the foregoing account, and such records shall be conclusive evidence of all Advances made under the Construction Notes.

• Specific plan sheets to be developed and included in the plan set are as follows: • Title Sheet • Construction Safety Plan • Construction Phasing Plan • Terminal Access Route Plan • Statement of Estimated Quantities • Details and Construction Notes • Utility Locations Plan, showing impacts to lights, sign, NAVAIDS, and markings.

More Definitions of Construction Notes

Construction Notes means the promissory notes payable to each Bank in amounts based on each Bank’s Pro Rata Share of $3,000,000.

Construction Notes means, initially, the $15,000,000 Promissory Note attached hereto as Schedule "1.24", which promissory note will be replaced on the date of the initial Advance under the Construction Loan by promissory notes payable to each Bank in amounts based on each Bank's Pro Rata Share of $15,000,000.

Construction Notes shall have the meaning given such term in Section 2.4(a) hereof.

Construction Notes shall have the meaning set forth in the Note Purchase Agreement. "Deposit and Disbursement Agreement" shall mean the Deposit and Disbursement Agreement, dated as of August 1, 1994, among Wilmington Trust Company, as Collateral Agent, Wilmington Trust Company, as Disbursement Agent, and Lime SPV, as said Agreement may be amended, modified or supplemented from time to time in accordance with the terms thereof and the terms of the other Transaction Documents. "Financing Documents" shall have the meaning set forth in Annex A to the Project Intercreditor Agreement. "Initial Funding Date" shall have the meaning set forth in the Note Purchase Agreement. "Lime SPV" shall mean Dravo Black River Limited Partnership, a Delaware limited partnership. "Master Common Facilities Agreement" shall mean that certain Master Common Facilities Agreement, dated as of August 1, 1994, between Lime and Lime SPV, as said Agreement may be amended, modified or supplemented from time to time in accordance with the terms thereof and the terms of the other Transaction Documents. "Note Purchase Agreement" shall mean that certain Note Purchase Agreement, dated as of August 1, 1994, by and between Lime SPV and PruPower, as said Agreement may be amended, modified or supplemented from time to time in accordance with the terms thereof and the terms of the other Transaction Documents. "Project" shall have the meaning set forth in Annex A to the Project Intercreditor Agreement. "Project Intercreditor Agreement" shall mean the Intercreditor Agreement, dated as of August 1, 1994, by and among Wilmington Trust Company, PruPower, the Collateral Agent, FAB, PNC, BAI and Prudential, as consented to and acknowledged by Lime and Lime SPV, as such Agreement may be amended, modified or supplemented from time to time in accordance with its terms. "Prudential" shall mean The Prudential Insurance Company of America, acting through Prudential Capital Group, and its successors and assigns. "PruPower" shall mean The Prudential Insurance Company of America, as purchaser of the Construction Notes of Lime SPV pursuant to the Note Purchase Agreement, and its successors and assigns. "SPV General Partner" shall mean DBR General Inc., a Delaware corporation. "SPV Limited Partner" shall mean Dravo Black River Limited Inc., a Delaware corporation. "SPV Partner Pledge Agreement" shall mean the Partner Security Agreement, dated as of August 1, 1994, by the SPV General Partner and the SPV Limited Partner in favor of the Co...