Building Loan definition

Building Loan means the loan made by Lender to Borrower pursuant to this Agreement in the principal amount of up to the Building Loan Amount.

Building Loan means the building loan procured by the Owner, if applicable, for purposes of financing the payment of the Works and which loan is secured by a mortgage bond;

Building Loan and “Building Loans” has the meaning assigned to such term in Section 1.1 of the Building Loan Agreement.

Examples of Building Loan in a sentence

• The representations and warranties set forth in the corresponding Section of the Building Loan Agreement are incorporated herein by reference as if fully set forth herein.

• Borrower shall comply with its covenants set forth in the Section of the Building Loan Agreement that corresponds to this Section.

• Borrower shall observe all of its covenants set forth in the Section of the Building Loan Agreement that corresponds to this Section.

• Pursuant to the Building Loan Agreement dated as of October 1, 2021 between Borrower and HUD Mortgagee (the "Building Loan Agreement"), HUD Mortgagee has agreed to make the HUD-Insured Loan to Borrower for the Project.

• The representations and warranties set forth in the corresponding Section of the Building Loan Agreement are incorporated herein by reference as if fully set forth herein, provided that all references in such incorporated provision to "Building Loan" are hereby replaced solely for the purposes of incorporating such representation and warranty herein with the words "Project Loan".

More Definitions of Building Loan

Building Loan means that certain loan evidenced by the Building Loan Note in the maximum principal amount of up to One Hundred Twenty Eight Million One Hundred Ninety Seven Thousand Eight Hundred Seventy Eight and 00/100 Dollars $(128,197,878.00) made by Lender to Borrower to finance Hard Costs, which Building Loan is secured by, among other things, the Building Loan Mortgage.

Building Loan means the loan made by Lenders to Borrower pursuant to the Existing Building Loan Agreement in the principal amount of $215,000,000.00, or so much thereof as remains outstanding under the Building Loan Note.

Building Loan means that certain first mortgage construction loan in the principal amount of up to $500,000,000.00 made by Wells Fargo Bank, National Association as administrative agent and lender, and certain other lenders, to Aurora Convention Center Hotel, LLC, as evidenced by that certain Building Loan Agreement (the “Building Loan Agreement”) dated as of December 18, 2015, as amended.

Building Loan means the loan made by Lenders to Borrower pursuant to the Building Loan Agreement in the principal amount of up to the Building Loan Amount.

Building Loan means a loan approved by the Bank for construction purposes.

Building Loan means a loan of R ( ) from a financial institution acceptable to the contractor, and which loan shall be secured by a mortgage bond over the land in favour of the said institution.

Building Loan. The portion of the DOE Credit Facility to be advanced pursuant to the terms of the Building Loan Agreement.