Construction Portion of Agency Loan definition

Construction Portion of Agency Loan means the portion of the Agency Loan to be disbursed to Developer to assist Developer to construct the Project, in an amount to be set forth in the Project Budget approved by the Agency.
Sample 1

Examples of Construction Portion of Agency Loan in a sentence

  • The Project Financing Disbursement Agreement shall have been fully executed, and shall provide for disbursement of a portion of the Construction Loan, as shown on the Financing Plan, to fund the Public Improvements and Housing Development prior to the disbursement of any portion of the Construction Portion of Agency Loan.

  • In terms of the latter, it was argued that, while there is a common view that at its heart Ubuntu is about the fundamental interdependency of human beings, there are still debates about its meaning.

Related to Construction Portion of Agency Loan

  • Special Drawing Rights and the symbol “SDR” mean special drawing rights as valued by the International Monetary Fund in accordance with its Articles of Agreement”;

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Unapplied Downgrade Advance means any Downgrade Advance other than an Applied Downgrade Advance.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Applied Downgrade Advance has the meaning assigned to such term in Section 2.06(a).

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Prepayment Interest Shortfall As to any Distribution Date and any Mortgage Loan (other than a Mortgage Loan relating to an REO Property) that was the subject of (a) a Principal Prepayment in Full during the portion of the related Prepayment Period that falls during the prior calendar month, an amount equal to the excess of one month's interest at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the Stated Principal Balance of such Mortgage Loan over the amount of interest (adjusted to the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan)) paid by the Mortgagor for such month to the date of such Principal Prepayment in Full or (b) a Curtailment during the prior calendar month, an amount equal to one month's interest at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the amount of such Curtailment.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Prepayment Assumption As defined in the Prospectus Supplement.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).

  • Net Prepayment Interest Shortfall For any Distribution Date, the amount by which the sum of the Prepayment Interest Shortfalls exceeds the sum of the Compensating Interest payments made on such Distribution Date.

  • Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.