Construction Loan Commitment definition

Construction Loan Commitment means, at any time with respect to each Lender, such Lender’s Proportionate Share of the Total Construction Loan Commitment at such time.

Construction Loan Commitment shall have the meaning specified in Section 2.

Construction Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Construction Loans, as set forth opposite the name of such Lender in Schedule 2.01, as the same may be reduced in accordance with Section 2.07 (

Examples of Construction Loan Commitment in a sentence

• Under this agreement, the Builder must submit to the DRC a Construction Deposit and one of the following: Cash Deposit, Irrevocable Letter of Credit, or Construction Loan Commitment.

• The undersigned reserve(s) the right to prepay at anytime, all or any part of the principal amount of the Note without payment of penalties or premiums other than those imposed by the Mortgage of even date or any Construction Loan Agreement, Agreement for Development, or Construction Loan Commitment associated with this Note.

• The Construction Loan Commitment Fee is based on 0.75% of the construction loan amount as indicated in TD Bank’s LOI.

• FINANCIAL COSTS: Applicant Costs Revised Applicant Costs Underwriters Total Costs ‐ CUR Cost Per Unit HC Ineligible Costs ‐ CURConstruction Loan Application Fee $0 Construction Loan Underwriting Fee $0 Construction Loan Origination Fee$179,400 $0 Construction Loan Commitment Fee $0 Construction Loan Closing Costs $0 Construction Loan Interest $0 Construction Loan Servicing Fees $0 Permanent Loan Application Fee $19,000$19,000$86$19,000Permanent Loan Underwriting Fee $0$0Permanent Loan Subsidy Layering Rev.

• Construction Loan Commitment Fee is based on 0.75% of the loan amount.

More Definitions of Construction Loan Commitment

Construction Loan Commitment means, with respect to each Construction/Term Lender, such Lender's Tranche A Construction Loan Commitment and/or Tranche B Construction Loan Commitment, as applicable.

Construction Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Construction Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender's Construction Loans hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Construction Loan Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Construction Loan Commitment, as applicable. The initial aggregate amount of the Lenders' Construction Loan Commitments is $95,000,000.

Construction Loan Commitment means, as to any Construction Loan Lender, the obligation of such Lender to make Construction Loans to the Company in an aggregate amount not to exceed, at any one time outstanding, the amount set forth opposite such Construction Loan Lender's name on SCHEDULE 1.1(II) under the heading "Construction Loan Commitment" or, in the case of any Construction Loan Lender that is an assignee, the amount of the assigning Construction Loan Lender's Construction Loan Commitment assigned to such assignee pursuant to Section 10.4, in each case as such amount may be adjusted or reduced from time to time as provided herein.

Construction Loan Commitment means, with respect to each Term Lender, the commitment, if any, of such Term Lender to make Construction Loans hereunder as set forth on Appendix A-1 or in the Assignment and Acceptance pursuant to which such Term Lender assumed its Construction Loan Commitment, as applicable, as the same may be reduced from time to time in accordance with the terms hereof. The aggregate amount of the Construction Loan Commitments as of the Closing Date is $700,000,000.

Construction Loan Commitment means a financing commitment, term sheet or similar agreement by the Construction Lender that has been executed and delivered by and between Developer and the Construction Lender that confirms availability (subject to satisfaction of the terms and conditions contained therein) of the Construction Loan to fund the construction of the Project in accordance with the requirements of this Agreement.

Construction Loan Commitment means at any time, for any Bank, the amount set forth opposite such Bank's name on Schedule 1.1(A) under the heading "Construction Loan Commitment", as such amount may be reduced from time to time pursuant to Section 2.11 and Section 11.4(d) or increased pursuant to Section 11.4(c) in the case of an assignment thereunder of Credit Exposure to such Bank from another Bank.

Construction Loan Commitment means the commitment of the Lender to make the Construction Loan.