Construction/Renovation definition

Construction/Renovation means the Borrowing Group’s Share of any New Construction or any substantial rehabilitation, redevelopment, renovation and/or expansion of any multi-family property which, in the case of rehabilitation, redevelopment, renovation or expansion, involves the repositioning or upgrading of such multi-family property with respect to comparable multi-family properties located in the proximate geographic area, excluding any Moderate Redevelopment. The Borrowing Group’s Share of properties under Construction/Renovation as of the Closing Date are listed on Schedule 1.01C attached hereto.
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Construction/Renovation means any New Construction or any substantial rehabilitation, renovation and/or expansion by Borrower or any of its Subsidiaries or unconsolidated subsidiaries of any multi-family Property which, in the case of rehabilitation, renovation or expansion, involves the repositioning or upgrading of such multi-family Property with respect to comparable multi-family properties located in the proximate geographic area. Properties under Construction/Renovation as of the Closing Date are listed on Schedule 1.01A attached hereto.
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Examples of Construction/Renovation in a sentence

  • Use the proceeds of Extensions of Credit for (i) funding general working capital, corporate needs, and payment of Indebtedness permitted under this Agreement, (ii) financing acquisitions permitted under this Agreement, and (iii) funding costs associated with Construction/Renovation; provided, however, that the aggregate principal amount of Loans the proceeds of which were used to fund costs associated with Construction/Renovation shall not at any one time exceed $100,000,000.

  • Construction/Renovation Project Management Services are responsible for the construction of new facilities and renovations to existing facilities.

  • Consultation with the Commission, the User Agency and others, as appropriate, regarding the goals and requirements of the Project, including the total Project Construction Budget (comprised of the construction budgets for both Site Preparation and Building Construction/Renovation scope of work).

  • It is important to note that the services of Construction/Renovations Management are not included or funded by the Cost Pools outlined in Section 3.0. The services outlined below are fee based and funded by the school, unit or Chancellor, see Section 8.0. Construction/Renovation Project Management Services provides comprehensive professional construction project administration services to the university community for all University owned facilities enterprise wide.

  • Architect shall provide professional architectural services pertaining to the planning, design, and construction of BEX III – Building Construction/Renovation Project: ▇▇▇▇ ▇▇▇▇▇▇▇▇ School Re- Opening Project 2013pursuant to the terms and provisions of this Agreement.

  • Use the proceeds of Extensions of Credit for (i) funding general working capital and corporate needs, (ii) financing acquisitions permitted under this Agreement, 83 90 and (iii) funding costs associated with Construction/Renovation; provided, however, that the aggregate principal amount of Loans the proceeds of which were used to fund costs associated with Construction/Renovation shall not at any one time exceed $100,000,000.

  • University Facilities is comprised of Facilities Operations (Custodial/Housekeeping, Maintenance and Grounds), Facilities Infrastructure (Utilities O&M) and Construction/Renovation Project Management.

  • Use the proceeds of Extensions of Credit for (i) funding general working capital, corporate needs, and payment of Indebtedness permitted under this Agreement, (ii) financing acquisitions permitted under this Agreement, and (iii) funding costs associated with Construction/Renovation; PROVIDED, HOWEVER, that the aggregate principal amount of Loans the proceeds of which were used to fund costs associated with Construction/Renovation shall not at any one time exceed $100,000,000.