Developer Loans definition

Developer Loans means loans typically advanced during the pre-development period by Seller, Selling Subs or their Affiliates to a Project Partnership, a Local General Partner or one of its Affiliates, or any other entity that has formed or is anticipated to form or sponsor a Project Partnership.
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Examples of Developer Loans in a sentence

  • Developer Loans may be issued as traditional loans or may be offered as a “guidance line of credit” which shall constitute a perpetual approval to a developer for a predetermined period of time, provided that the project(s) each meet the conditions of the Housing Opportunity Program.

  • If for operational reasons, the days provided cannot be taken at no cost to the Board, an employee may take the Floating Statutory Holidays on days that school is not in session.

  • If Purchaser does elect to purchase all of the Uncollected Developer Loans, it shall promptly pay the Developer Loan Buyout Price to the Seller no later than two Business Days after the anniversary of the Closing Date, by wire transfer of immediately available funds to an account specified by Seller.

  • Developer Loans shall be subordinated in lien and right of payment to the repayment of other loans to finance or refinance the single family residential unit, provided such other loans are made by lenders that are not Affiliates of the developer.

  • The obligation to repay Developer Loans shall be evidenced by a promissory note, in a form acceptable to the Program Administrator, and shall be secured by a deed to secure debt, in a form acceptable to the Program Administrator.

Related to Developer Loans

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.