Construction Facility means a facility which the equipment is owned and operated by a company involved in the process of building a permanent structure or roadway in which the equipment and company will be removed from the site upon completion of the building process.
Construction Facility means the Construction Commitments and the Construction Loans made hereunder.
Construction Facility means any construction facility (Sw. byggkreditiv) taken up by a Group Company for the purpose of constructing and developing any property owned by such Group Company.
Examples of Construction Facility in a sentence
The Construction Facility is used primarily to finance the TMEP construction.
Other commitments fees on the Construction Facility are 0.065% and are charged for undrawn amounts of approved loan facility limits.
Interest charged under this Construction Facility was payable monthly.
Borrowings under the Construction Facility were due at the earlier of a refinancing or on December 31, 2019 or on demand by the Lender.
On July 30, 2015, CP Partnership converted the Construction Facility into an amortized term loan (the “Term Loan”) that matures on December 1, 2019.
More Definitions of Construction Facility
Construction Facility means a facility account identified in the schedule as a construction facility and to which the construction facility terms in Part 2 apply. credit law means any law relating to the provision of consumer credit which applies to your loan, including the National Consumer Credit Protection Act 2009 (Cth) and any regulations and instruments made under that Act. daily percentage rate for a facility account, means the annual percentage rate for the facility account divided by 365. daily default rate for a facility account, means the default rate for the account divided by 365. date of final advance for a construction facility account, means the first of: • the date on which you notify us that you do not require us to give you any further advances on the facility account; • the date on which you have drawdown the facility amount in full; or • the date that is 12 months from when construction commences.
Construction Facility means any construction facilities (Sw. byggkreditiv) incurred by a Subsidiary to finance the development and construction of any properties owed by such Subsidiary.
Construction Facility means any construction facility incurred by a PropCo to finance the development and construction of any Property owned by such PropCo provided that there shall not be more than one provider of such construction facility in each PropCo.
Construction Facility has the meaning attributed thereto in Section 2.1(a).
Construction Facility means the loan for construction and/or remodeling of building improvements described in Section 2.3, below.
Construction Facility means that certain Credit Agreement dated October 3, 2008 by and among the Company, Bank of America, N.A., as Administrative Agent, Disbursement Agent and Swing Line Lender, and certain other lenders, as amended pursuant to Amendment No. 1 to the Credit Agreement dated December 31, 2008, and Amendment No. 2 and Waiver to Credit Agreement dated as of April 29, 2009 and as the same may be further amended or modified.
Construction Facility means a construction facility (Sw. byggkreditiv) taken up by a Condominium Association for the purpose of completing the Projects.