Construction Closing definition

Construction Closing means the point in time when (i) Owner receives the Senior Loan; (ii) the Project is allocated the Low Income Housing Tax Credits, or tax credit exchange funds in lieu thereof; and (iii) the conditions precedent to the Construction Closing set forth in Section 7 of the Method of Financing have been satisfied, or have been waived in writing by the Party to be benefited.
Sample 1Sample 2Sample 3
Construction Closing means the date upon which all financing necessary for the construction of the Development will close, and any deeds of trust related to such financing, are recorded against the Borrower's leasehold interest in the Property.
Sample 1Sample 2
Construction Closing means the date upon which all financing necessary for the construction of the Project on the Property closes, and any deeds of trust related to such financing are recorded against the Property.
Sample 1

Examples of Construction Closing in a sentence

  • This contract is for a (circle one): Pre-Sale Under Construction Completed Construction Closing Date as discussed in Section 5: _, 20 3.

  • At or before Construction Closing, the Existing Interest Holders shall pay all fines and penalties for any Violations that are assessed against the Premises prior to the Construction Closing, with reasonable evidence presented to Lessee at Construction Closing of the satisfaction thereof.

  • This contract is for a (circle one): Pre-Sale Under Construction Completed Construction Closing Date as discussed in Section 5: , 20 3.

  • The full pay of a full-time employee, who is a member of a Civil Air Patrol Group involved in an air search and rescue mission, will be paid during the time spent by the employee during the employee’s scheduled shift provided there is an authorized mission and the Civil Air Patrol authorities have requested the employee to report for duty.

  • Except as otherwise expressly provided herein, after the Construction Closing, or the earlier termination of the Town Ground Lease, any and all rights and obligations of the Existing Interest Holders hereunder shall be deemed to be rights and obligations of the County only for the remainder of the term of this Agreement.

  • Lessee shall not sell, convey, assign, transfer, sublease, or otherwise dispose of its interests, rights or obligations under this Agreement to any non-affiliate of Lessee without the prior written consent of the Existing Interest Holders (unless such assignment occurs after the Construction Closing, in which case only the County’s consent shall be required).

  • Any modification to this Agreement prior to the Construction Closing must be in writing and signed by the Existing Interest Holders and the Lessee, and be approved by the Town Board of the Town of Greenburgh and the Westchester County Board of Legislators.

  • At least thirty (30) days prior to the Construction Closing, Lessee shall have the title re-examined by the title company and shall deliver to the Existing Interest Holders’ counsel a copy of said company’s updated report together with a notice of any liens, encumbrances or other defects of title subject to which Lessee is unwilling to accept the leasehold interests contemplated under this Agreement.

  • City or Agency shall undertake all obligations assumed by Developer under the TIP Lease and the Five Star Lease until the Construction Closing Event.

  • Lending out your Fully-Paid Shares may be a way to increase the yield on your portfolio, because some shares are in high demand in the securities lending market and borrowers are willing to pay a loan fee for the use of your shares.


More Definitions of Construction Closing

Construction Closing shall have the meaning specified in Section 2.16 of the Participation Agreement.
Sample 1
Construction Closing means the date that deeds of trust evidencing the Development Financing described in Sections 1.1(cc), and the County Loan are recorded against the Property, immediately prior to the Commencement of Construction.
Sample 1

Related to Construction Closing

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

  • construction site means a workplace where construction work is being performed;

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.

  • Construction Start Date means the later to occur of the date on which Seller delivers to Buyer (a) a copy of the Notice to Proceed that Seller has delivered to the EPC Contractor for the Project, and (b) a written Certification substantially in the form attached hereto as Appendix IV-1.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Second Closing has the meaning set forth in Section 2.2.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • First Closing has the meaning set forth in Section 2.1(a).

  • COMPLETION TIME means the period by ‘date/month’ specified in the ‘Letter of Intent/Award’ or date mutually agreed upon for handing over of the intended scope of work, the erected equipment/plant which are found acceptable by the Engineer, being of required standard and conforming to the specifications of the Contract.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Additional Closing has the meaning set forth in Section 2.3.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Closing has the meaning set forth in Section 2.2.

  • Construction and demolition debris means and includes:

  • Seller’s Closing Documents as defined in Section 3.2(a).

  • Fourth Amendment Closing Date the date on which all the conditions precedent set forth in Section 3 of the Fourth Amendment shall be satisfied or waived.