FC Units definition

FC Units means the FC Office Unit and the FC Retail Unit collectively.
View Source
FC Units has the meaning set forth in the preface.
View Source

Examples of FC Units in a sentence

  • The proviso clause of the preceding sentence shall not apply with respect to any Advance made on or after the Original Maturity Date (after giving effect to any extensions under Section 3.19(b) hereof) if, as of the Original Maturity Date, the ratio (expressed as a percentage) of the Remaining Loan Amount to the Appraised Value of the FC Units is more than 70%.

  • Lenders shall not be required to disburse for any category or line item of Project Loan Costs with respect to the FC Units or the NYTC Units more than the amount specified therefor in the applicable Budget, subject to changes approved by Agent in accordance with Sections 3.02, 3.03, 3.20 and 7.11 hereof (or other reallocations approved by Agent).

  • After giving effect to the distribution in the amount of $11,590,343 to be made on the date hereof, any Advances for the “Site Management” line item in the FC Units Budget shall only be made in an amount not more than the quotient of (x) the then-remaining amount of such line item, divided by (y) the then-number of months (rounded to the nearest whole number) remaining until Final Completion, based on the then-current Construction Schedule.

  • In the case of the FC Units, the Operating Agreement makes clear that FC Member is the beneficial owner of the FC Member Space from the inception of the Project.

  • Lenders shall not be required to disburse for any category or line item of Building Loan Costs with respect to the FC Units or the NYTC Units more than the amount specified therefor in the applicable Budget, subject to changes approved by Agent in accordance with Sections 3.02, 3.03, 3.20 and 7.11 hereof (or other reallocations approved by Agent).

  • Loan Costs for the NYTC Units, $ on account of Project Loan Costs for the FC Units, and $ on account of Project Loan Costs for the NYTC Units.

Related to FC Units

  • LLC Units has the meaning set forth in the LLC Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Common Units is defined in the Partnership Agreement.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.