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Construction Loan Agreement Example

This SERA CONSTRUCTION ACCORD, concluded on March 29, 2018 by and between STATE FARM LIFE INSURANCE COMPANY, Illinois Corporation (« State Farm »), and TRADEPORT DEVELOPMENT VI , LLC (« Borrower »), for a loan of up to fourteen million of two hundred and seven thousand five hundred and 00/100 dollars ($14,287,500.00). For a good and valuable consideration, the receipt and adequacy of which is recognized, the parties agree that a construction loan contract is a contract between a borrower and a lender. It explains the essential terms of the loan, for example. B the amount borrowed and the timing of the loan. An effective loan contract also includes commitments made by the borrower to the lender. For example, a lender wants the borrower to commit to completing the work in a timely manner, to obtaining the necessary authorizations and to obtaining specific insurance. This construction credit contract (this « contract ») will come into effect on July 9, 2013, among borrowers, lenders and contractors who are identified and whose addresses are listed below. This agreement relates to how the proceeds of the loan to the borrower are paid for the renovation and/or renovation of on-site improvements under the lender`s owner-occupied housing rehabilitation program. The score is provided by land pledges and improvements to the Lien Mechanic contract and the trust trust. This second amendment to the LOAN CONSTRUCTION ACCORD is part of this part of the January 26, 2015 construction loan agreement (loan, including all changes to the loan, and is executed as part of a loan or other financial arrangements between lenders and borrowers.

THIS IS A MODEL DOCUMENT FOR USE IN HOMESTYLE LOAN TRANSACTIONS. THIS FORM IS CONSIDERED AN EXAMPLE AND IS NOT VALID AND ENFORCEABLE IN ALL JURISDICTIONS. LENDERS SHOULD CONSULT WITH COUNSEL TO ENSURE THAT ALL FORMS USED TO ESTABLISH LOANS ARE ADEQUATE AND THAT ALL LEGAL INSTRUMENTS ARE PROPERLY COMPLETED AND IN ACCORDANCE WITH EXISTING LEGISLATION. This site is protected by reCAPTCHA and Google`s privacy rules and terms of use apply. This construction loan agreement will be concluded from August 3, 2016 by and between ZALANTA RESORT AT THE VILLAGE, LLC, a California limited liability company (« ZRV »), and ZALANTA RESORT AT THE VILLAGE – PHASE II, LLC, a California limited liability company (« ZRVII », individually and collectively, together, several and in solidarity with ZRV, the « Borrower »), is headquartered on 2221 Olympic Boulevard, Walnut Creek, California 94595, and WESTERN ALLIANCE BANK, an Arizona company (« Lender »), with a postal address of 5335 Kietzke Lane, Suite 200, Reno, Nevada 89511. THIS ACCORD OF CONSTRUCTION LOAN (with all the parts and calendars that can be changed, amended, completed or amended at any time and from time to time, this « agreement ») as of December 21, 2018 by and under FUELCELL ENERGY FINANCE II, LLC, a Connecticut limited liability company based at 3 Great Weide Road, Danbury, Connecticut 06810 (the borrower), BAKERSFIELD FUEL CELL 1, LLC, a limited liability company in Delaware (« Bakers » LLC, a New York limited liability company (« BRT »), CR FUEL CELL, LLC, a New York limited liability company (« CR »), Yaphank Fuel Cell Park, LLC, a New York limited liability company (« Yaphank »), limited liability company in Connecticut (« homestead »), DERBY FUEL CELL , LLC, a limited liability company in Connecticut (« Derby » and with Bakersfield , an « Initial Project Company G THIS CONSTRUCTION LOAN AGREEMENT » will be established from February 28, 2019 (effective date of and between GROTON STATION FUEL CELL, LLC, a Connecticut limited company (the borrower) and FIFTH THIRD BANK, an Ohio banking company (with its successors) (with its successors).