Soft Cost Loan definition

Soft Cost Loan means any Loan requested by Borrowers and funded by Lender to finance Soft Costs.
Sample 1
Soft Cost Loan. Shall have the meaning set forth in Section 2A.1(a).
Sample 1
Soft Cost Loan shall have the meaning set forth in Section 25.07.
Sample 1

Examples of Soft Cost Loan in a sentence

  • In connection with the Soft Cost Loan and the Building Loan, Borrower and Guarantor are executing in favor of the Lenders an Environmental Indemnity Agreement, to be dated of even date herewith (the "ENVIRONMENTAL INDEMNITY").

  • Borrower shall receive the Advances of the Building Loan made hereunder and shall hold same in trust solely for, and shall expend, Building Loan proceeds solely for the purpose of paying costs of the improvement as defined in the New York Lien Law, and identified in the Budget and Borrower shall utilize Advances of the Soft Cost Loan solely for the purpose of paying costs identified in the Budget as Soft Costs.

  • Principal of and interest on each Soft Cost Loan and each Growth Capital Loan shall be payable as set forth in a Note (substantially in the form of Exhibit “A-2” hereto) evidencing such Loan, which Note shall provide substantially as follows: principal and interest at the Designated Rate shall be fully amortized over a period of thirty (30) months in equal, monthly installments.

  • Principal of and interest on each Soft Cost Loan shall be payable as set forth in the Note (substantially in the form of Exhibit “C”) evidencing such Loan, which Note, shall provide substantially as follows.

  • The Building Loan is evidenced by one or more promissory notes, of even date herewith, in the aggregate original principal amount of $36,456,404 (individually and collectively, the "BUILDING LOAN NOTE") and the Soft Cost Loan is evidenced by one or more promissory notes, of even date herewith, in the aggregate original principal amount of $12,668,596.00 (individually and collectively, the "SOFT COST NOTE").

  • Principal of and interest on each Soft Cost Loan and each Additional Soft Cost Loans shall be payable as set forth in the Note (substantially in the form of Exhibit “C”) evidencing such Loan, which Note, shall provide substantially as follows.

  • The undisbursed portion of the Soft Cost Loan and/or the Building Loan shall include a reserve for interest and other costs relative to the Property, the Soft Cost Loan and the Building Loan in all respects acceptable to Agent, and both the Soft Cost Loan and the Building Loan shall be in balance, as determined by Agent.

  • Borrower shall receive the Advances of the Building Loan made under the Building Loan Agreement and shall hold same in trust solely for, and shall expend, Building Loan proceeds solely for the purpose of paying costs of the improvement as defined in the New York Lien Law, and identified in the Budget and Borrower shall utilize Advances of the Soft Cost Loan solely for the purpose of paying costs identified in the Budget as Soft Costs.

  • The Building Loan will be advanced to Borrower for and on account of Hard Costs (as defined below) and the Soft Cost Loan will be advanced to Borrower on account of Soft Costs (as defined below).

  • Principal of and interest on each Equipment Loan and each Soft Cost Loan shall be payable as set forth in the Note (substantially in the form of Exhibit “A-1”) evidencing such Loan, which Note shall provide substantially as follows.

Related to Soft Cost Loan

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Maximum allowable cost list means a list of drugs for

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Equipment Cost means, for any Item of Equipment, the gross amount paid by the Company to the manufacturer thereof, including all applicable sales taxes, and delivery charges as invoiced by such manufacturer to the Company.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Credit allowance date means with respect to any qualified equity investment:

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • Original Project means the Project described in the Original Financing Agreement.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.