Construction Term definition

Construction Term means, with respect to any Leased Property, the period commencing on the related Closing Date and ending on the related Construction Term Expiration Date, or such shorter period as may result from earlier termination of the Lease as provided therein.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Construction Term means the period of time in which Contractor shall complete the Project, pursuant to §6(F).

Construction Term means the period beginning on the Decommissioning Completion Date and ending on the Lease Effective Date.

Examples of Construction Term in a sentence

• Following the date each Loan is made (or in the case of Loans with respect to a Construction Land Interest, the Construction Term Expiration Date), interest on such Loan shall be payable in arrears on each Payment Date with respect thereto.

• The Construction Agent shall renew or replace, or cause to be renewed or replaced, each insurance policy required hereunder prior to the expiration date thereof for the duration of the Construction Term.

• Notwithstanding the foregoing, during the Construction Term for any Leased Property, only the Lessor shall be entitled to make a claim under this Guaranty for Liabilities related to such Leased Property.

• Notwithstanding the requirements contained in Section 2.10, Section 2.11 and Section 2.12, and provided that no Event of Default shall have occurred, Lender shall make an Advance on each Payment Date during the Construction Term from the Interest Reserve Line Item, if and to the extent funds remain available under such line item, to pay interest then due under the Note.

• During the Construction Term, the Tenant shall proceed to renovate the Premises and to install and construct in the Premises certain additional improvements, as provided in paragraph 8 hereof.

More Definitions of Construction Term

Construction Term means that period of time between the date of execution of the Right of Way Use permit or required utility permit and the date of acceptance of the project by the City or the construction completion date as set forth in the Right of Way Use permit or required utility permit, whichever occurs first.

Construction Term means the period commencing on the date hereof and ending on the first to occur of (i) the Maturity Date, whether by acceleration or otherwise, (ii) the 24th Payment Date, and (iii) the Final Advance.

Construction Term the period commencing on the Lease Commencement Date and ending on the Completion Date.

Construction Term means the period commencing on the date hereof and ending on the Completion Date.

Construction Term means the period beginning on the date of the Bond Closing and ending on (a) if the Conditions to Conversion have been satisfied or waived by the Permanent Lender, the date of the Conversion Certificate, and (b) if the Conditions to Conversion have not been satisfied or waived in writing by the Permanent Lender, the Construction Term Maturity Date (as may be extended pursuant to Section 4.2(f) hereof).

Construction Term the “Construction Term” as defined in the Original Investment Agreement.

Construction Term shall have the meaning set forth in Exhibit B, Section B-2(b). “Construction Term Rent” shall have the meaning set forth in Section 2(b). “Development Term” shall have the meaning set forth in Exhibit B, Section B-2(a). “Development Term Rent” shall have the meaning set forth in Section 2(a). “Effective Date” shall have the meaning set forth in the preamble.