Project Allocation(s) definition

Project Allocation(s). The line items set forth in the Project Budget for which advances of Underlying Mortgage Loan proceeds will be made by Borrower to or on behalf of Fee Owner.
View Source

Examples of Project Allocation(s) in a sentence

  • The second sentence in Section 3 of the Original Agreement shall be amended to read as follows: "The allocation of the Purchase price among the Projects (the `Project Allocations') shall be mutually agreeable to Buyer and Seller and shall be set forth on the Closing Statement(s) to be executed by Seller and Buyer at closing." The column with the heading "Allocation" on Exhibit A of the Original Agreement shall be deleted in its entirety.

  • The allocation of the Purchase Price among the Projects (the "Project Allocations") is set forth on Exhibit A.

  • In such event, no further Advances with respect to such Project need be made by the Lenders unless and until (i) the revised Project Budget so submitted is approved by Agent, (ii) Borrower has deposited with Agent any Required Equity Funds or additional equity funds to offset such increase or Agent has otherwise approved a timetable for the making of such deposits, or (iii) the Majority Lenders have approved an adjustment to the Loan Amount Project Allocations to offset such increase.

  • Borrower will not permit the aggregate Net Sales Proceeds (Projected) of Sales Contracts from the Projects as of the end of any Fiscal Year to be less than ninety percent (90%) of the aggregate Loan Amount Project Allocations; provided, that Borrower may cure any noncompliance with this covenant in the same manner provided in Section 6.3.3 above.

  • Borrower acknowledges and agrees that, notwithstanding that the amount of the aggregate Loan Amount Project Allocations may exceed the Loan Amount, it is anticipated that the Projects will be in varying stages of completion at any given time and, thus, the Loan Amount Project Allocations will not be fully funded or some will be repaid or partially repaid as to certain Projects before the Loan Amount Project Allocations as to certain other Projects are fully funded.

  • The effective date of the Project Allocation is the date the City provides written Notice to Developer of the availability of Project Allocations for the Project.

  • This includes (without limitation) situations where either an incorrect sum of money has been paid or where Project Allocations have been paid in error before all conditions in 5.1 have been complied with by the Council.

  • Furthermore, the parties acknowledge and agree that (i) upon review of the Appraisals for such Projects, adjustments to the respective Loan Amount Project Allocations for such Projects may be necessary; and (ii) with respect to complying with Section 2.10.1 below, the Project Budgets submitted to the Lenders with the final Project Schedules shall be the operative Project Budgets rather than any preliminary drafts of budgets provided to the Lenders.

  • Appraisals for each of the Projects, which Appraisals, when taken together, reflect a sufficient amount so that the aggregate Loan Amount Project Allocations do not exceed seventy percent (70%) of such aggregate Appraised Value of the combined Projects.

  • In the event a building permit is not obtained for lot or lots within three (3) years of their availability, those Project Allocations shall be relinquished to the City.

Related to Project Allocation(s)

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Government guaranteed securities, which may be held without limit:

  • Required Allocations means (a) any limitation imposed on any allocation of Net Losses or Net Termination Losses under Section 6.1(b) or 6.1(c)(ii) and (b) any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), 6.1(d)(ii), 6.1(d)(iv), 6.1(d)(vii) or 6.1(d)(ix).

  • Cost Allocation Plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

  • Waste load allocation means (i) the water quality-based annual mass load of total nitrogen or

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.