Project Loan Amount definition

Project Loan Amount means Twelve Million Six Hundred Thirty-Seven Thousand Ninety-Three and 40/100 Dollars ($12,637,093.40).

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Project Loan Amount means $149,470,521.

Project Loan Amount means (a) in respect of the Bayou Cove Project Company, $107,353,000, (b) in respect of the Rockford I Project Company, $111,867,000, and (c) in respect of the Rockford II Project Company $105,780,000.

Examples of Project Loan Amount in a sentence

• If and to the extent any Lender shall fund amounts in excess of the Project Loan Amount for any purpose, such Lender's Ratable Share of the Project Loan shall be adjusted from time to time based on the total amounts advanced by all of Lenders from time to time in respect of the Project Loan.

• The Borrower may borrow and repay the Project Loan Amount, however, each Project Loan shall constitute a non-revolving line of credit.

• Under no circumstances shall Lender be required to disburse any proceeds of the Project Loan in excess of the lesser of the (a) A&D Loan Amount, or (b) Project Loan Amount.

• Effective Date: / /2­­­­­­­­­0 ­­­­­­­­­­­ Project Loan Amount: $ Property Manager [See Section ­­­­­6.09(d)] ☐ , a , or another residential rental property manager that is approved by Funding Lender in writing.

• In such event, the Project Loan Amount shall be permanently reduced by any and all Deficiencies unless and until funded as provided in clauses (A) or (B) above or a substitute lender, reasonably acceptable to Lenders other than the Defaulting Lender(s), pays such Deficiency(ies).

• Borrower may, at any time and without any prepayment fee or premium or notice or penalty, repay all or any part of the Construction Project Loan Amount to TMCC.

• Borrower pays a release amount equal to the then outstanding balance (including both principal and interest) of the Construction Project Loan Amount pertaining to the applicable Construction Project, or the pro-rata share of outstanding Draws (together with the pro-rata share of accrued interest) if the Construction Project includes one or more Properties and all are not being released.

• No Lender is obligated to fund amounts in excess of its Ratable Share of the Project Loan Amount, but if the Project Loan Amount is increased or Agent makes funds available in excess of the total Project Loan Amount, each Lender shall have the right to elect at its own discretion whether to provide funds to Agent to fund amounts in excess of the Project Loan Amount.

• Unless otherwise expressly provided herein or in the Depositary Agreement, the Issuer shall use all the proceeds from the sale of the Series A Bonds to lend to each of the Bayou Cove Project Company, the Rockford I Project Company and the Rockford II Project Company such Project Company's Project Loan Amount pursuant to the Project Loan Agreement to which such Project Company is a party.

• TMCC and Borrower shall execute such affidavits and documents as necessary and permitted under Applicable Law to prevent the taxation of any Deed of Trust in excess of the Construction Project Loan Amount or the applicable Permanent Advance, as the case may be.

More Definitions of Project Loan Amount

Project Loan Amount is the principal balance of the Project Loan as of the Effective Date, as set forth on Page 1 of this Continuing Covenant Agreement, which amount is equal to the principal balance of the Funding Loan as of the Effective Date.

Project Loan Amount means the loan or loan amount for the acquisition and development of a Project with disbursements under such loan not to exceed the principal amount set forth in the Project Commitment.

Project Loan Amount means, with respect to a Project Loan, the amount designated as the Project Loan Amount in the Project Loan Documents, as such amount may be adjusted from time to time by mutual consent of the Lender and the Project Borrower evidenced by a written statement or agreement executed and delivered by the Lender and the Project Borrower. The Project Loan Amount shall be the total of the Acquisition Amount plus the Development Amount.

Project Loan Amount means the maximum Allocations for any Project included as Eligible Property included under the Master Line as shown on the Project Loan Sheet.

Project Loan Amount means $29,027,598.00.

Project Loan Amount means Four Million, Nine Hundred Twenty Thousand, Seven Hundred Thirty-Nine and 67/100 Dollars ($4,920,739.67). “Project Loan Assignment of Leases” shall mean that certain Project Loan Assignment of Leases and Rents, dated the date hereof, from Borrower, as assignor, to Lender, as assignee, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. “Project Loan Documents” shall mean, collectively, this Agreement, the Project Loan Note, the Project Loan Mortgage, the Project Loan Assignment of Lease as well as all other documents not or hereafter executed and/or delivered with respect to the Project Loan. 4