Pre-Closing Construction Advances definition

Pre-Closing Construction Advances means advances made by the Members and their Affiliates to the Borrower prior to the Closing Date to finance interim construction expenses associated with the Project in an aggregate principal amount not to exceed $70,125,755, whether characterized as capital contributions or loans, but in any event excluding (a) contribution by GCR Gaming of the land comprising the Project Property and $25,500,000 in cash, and (b) contribution by GV Ranch Station of $50,000,000 in cash.
Sample 1

Examples of Pre-Closing Construction Advances in a sentence

  • It was prepared under the responsibility of the Regional Office for Europe.

Related to Pre-Closing Construction Advances

  • Acquisition and Construction Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

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

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Construction and demolition debris means and includes:

  • Original construction ’ shall mean the first or initial construction

  • Initial Advance means the first Advance made pursuant to Article II.

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • 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.

  • Property Protection Advances shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • WTO GPA country construction material means a construction material that—

  • Foreign construction material means a construction material other than a domestic construction material.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Equipment Advance is defined in Section 2.1.1.

  • Caribbean Basin country construction material means a construction material that—

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Loan Advance The meaning specified in Section 2.2(a).