Sentences with phrase «as construction proceeds»

Cost overruns tend to come about because borrowers have a tendency to change their minds about what they want as construction proceeds.

As construction proceeds, we'll release funds to the builder for each phase of the project.

Depending on local custom, a construction loan may a permanent mortgage with funds disbursed as construction proceeds, or may be a short - term loan that must be repaid on completion.

Not exact matches

Construction of four baseball diamonds and other upgrades will proceed as planned at Oswego's Wormley Heritage Park but without a controversial proposal for four lighted fields.

Property owners were notified in October that the city intends to buy the land from them, as it proceeds though a land use process that must be completed before the Army Corps can begin construction.

Ultimately, the decision as to whether the center's construction proceeds or not will be up to the Mount Pleasant Planning Board.

As a result, the state Department of Environmental Conservation Wednesday issued an environmental permit containing the protections authorizing the New York State Thruway Authority to proceed with construction.

Proceeds of the Fund will be allocated as follows; five million dollars for the construction of an ultra-modern Centre for Leadership and Governance at the University of Ghana, and 10 million dollars invested in the Fund.

One of the counts reads: «That you Air Chief Marshal Alex S Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and IYALIKAM NIGERIA LIMITED between 28th March and 5th December, 2013 in Abuja within the jurisdiction of this Court, did use an aggregate sum of N878, 362,732.94 (Eight Hundred and Seventy - Eight Million, Three Hundred and Sixty Two Thousand, Seven Hundred and Thirty - Two Naira, Ninety - Four kobo) removed from the accounts of the Nigerian Air Force and paid into the account of Rytebuilders Technologies Limited with Zenith Bank Plc for the construction of a shopping mall situate at Plot 1386, Oda Crescent Cadastral Zone A07, Wuse II, Abuja for yourself, when you reasonably ought to have known that the said funds formed part of the proceed of unlawful activity (to wit: criminal breach of trust and corruption) of Air Chief Marshal Alex S Badeh and you thereby committed an offence contrary to Section 15 (2)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act»

Then, in 2015, the National Science Board endorsed proceeding from the design to the construction of the vessels — but advised NSF to include construction of two, rather than three, vessels in its future funding requests, following a recommendation for belt - tightening as laid out in the National Research Council's decadal survey for ocean sciences, released in early 2015.

«As we proceed, TMT is open and willing to allow cultural practitioners in the area of the construction site to continue customary and traditional practices.

As they proceeded up Michigan Ave. and then west on Adams, they were greeted with signs of support from onlookers — a group of custodians, some medical techs, hard - hatted construction workers and retail clerks.

In case the proceeds are being used for renovation or construction activity the benefits can be extended to the principal amount as well.

The company has picked May 31 as the deadline for the federal and provincial governments to reach an agreement to reduce risks so construction can proceed.

Myint Zaw and his colleagues» campaign came to a head when President Thein Sein halted the dam's construction and vowed the project will not proceed for as long as he's in office.

In 2011, in what many see as evidence of hope for Myanmar's fledgling democracy and the environmental movement, President Thein Sein halted the dam's construction and vowed the project will not proceed for as long as he's in office.

And as for those pesky environmentalists, the developers plan to garner their support (or at least lessen their opposition) for the new cities, hotels and factories in the desert by proceeding according to sustainability principles (these principles, according to The Marker (Hebrew link) are: no construction in nature preserves, preservation of ecological corridors, basing new development on renewable energy and meeting environmental regulations.)

As the owner of Pilgrim, Boston Edison conducted safety audits while the construction proceeded, but primary responsibility for the site construction rested with GE and Bechtel: GE for the steam supply system, nuclear fuel system, and the generators themselves; and Bechtel for everything else.

Trans Mountain pipeline expansion project and setting a May 31 deadline for reassurance that its construction can proceed as approved in the face of growing opposition in B.C. where the minority government is vowing to halt it.

Significant matters / transactions include: Advised Xstrata South Africa (Proprietary) Limited on its offer to purchase Lonmin plc's entire issued share capital, # 5 billion Advised Telkom SA Limited on its unbundling of a 35 % stake in Vodacom Group (Proprietary) Limited, R35 billion Advised Edgars Consolidated Stores Limited on its acquisition by Bain Capital, R25, 5 billion Advised The Standard Bank of South Africa Limited and FirstRand Bank Limited (acting through its Rand Merchant Bank division) on the introduction of BEE equity participation in Sasol Limited and their arranging financing therefore, R25, 4 billion Advised FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Nedbank Limited (acting through its Nedbank Capital division) as lenders to Richards Bay Titanium (Proprietary) Limited and Richards Bay Mining (Proprietary) Limited, R19 billion Advised Citibank N.A. on a bridge loan granted to Turquoise Moon Trading 427 (Proprietary) Limited by Citibank N.A. and JP Morgan Chase, R10 billion Advised British American Tobacco plc on its secondary listing on the JSE, R550 billion Advised Pioneer Foods Limited on its listing on the JSE Securities Exchange, R6 billion Advised the South African National Roads Agency Limited in respect of the Gauteng Freeway Improvement Project involving the construction and upgrade of the Gauteng freeway and the procurement of an open road tolling system, R44 billion Advised Absa Bank Limited (acting though its Absa Capital division), FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Vunani Capital (as co-lead arrangers) and the South Africa National Roads Agency Limited (as issuer) on the establishment of its South African Guaranteed Domestic Medium Term Note Programme and the subsequent issue of notes thereunder, R32 billion Advised Shoprite Checkers (Proprietary) Limited on the proposed Brait Private Equity private equity buy - out (this did not proceed), R12 billion Advised Reclamation Holdings (Proprietary) Limited and various shareholders on the acquisition by Capitalworks Private Equity SP GP (Proprietary) Limited and Old Mutual Life Assurance Company South Africa Limited of a 20 % equity stake in Reclamation Holdings (Proprietary) Limited from various shareholders, R511 million Clients include: Multinationals, listed companies, financial institutions, entrepreneurs and Government

13.3 (1) Despite section 100 of the Act, if an owner developer is in compliance with the dates for the beginning of construction of each phase as set out in the Phased Strata Plan Declaration or amended Phased Strata Plan Declaration, the strata corporation established by the deposit of a phased strata plan may not pass a resolution under that section until the annual general meeting held following the deposit of the final phase or until an election not to proceed under section 235 or 236 (2) of the Act, unless the strata corporation obtains the written consent of the owner developer.

(2) Despite any provision of the Act, if an owner developer is in compliance with the dates for the beginning of construction of each phase as set out in the Phased Strata Plan Declaration or amended Phased Strata Plan Declaration, a strata corporation established by the deposit of a phased strata plan may not create, change, repeal, replace, add to or otherwise amend any bylaws dealing with any of the following matters until the annual general meeting held following the deposit of the final phase or until an election not to proceed under section 235 or 236 (2) of the Act, unless the strata corporation obtains the written consent of the owner developer:

As of April, Faraday Future says it finalized nearly all of its land acquisitions at the site, and will proceed with an aggressive construction timeline.

And third, any native title issues need to be resolved to ensure that construction and refurbishment can proceed as quickly as possible.

At the time that the 2008 Survey was done, as explained above, the Martu were willing to compromise their position and to allow the potash Project to proceed, but only because we thought fair compensation had been agreed and only in the areas that the Martu said could be used and only with the full involvement of the Martu during construction and operations to ensure that there was no more interference than was acceptable.

However, the Minister for Families, Housing, Community Services and Indigenous Affairs has now stated that one requirement for Australian Government funding under the COAG agreement is that «any native title issues need to be resolved to ensure that construction and refurbishment can proceed as quickly as possible».

During this period, the lender pays the builder in stages — called «draws» — and usually sends an appraiser or inspector to make sure that construction proceeds as planned.

The Shamrock Group will use the proceeds from the transaction to replace a construction loan, as well as for tenant improvements and leasing costs.

More precisely define an HVCRE acquisition, development or construction (ADC) loan, such as a secured real property ADC loans where repayment is dependent upon future income / sale proceeds of the property.

«Ground - up construction will be a challenge in 2017, as construction costs continue to rise while permanent loan rates have increased, reducing the amount of loan proceeds along with a reduction in tax credit equity from the impending tax reform,» says Baldasare.

Regulation X § 1024.5 (b) establishes certain exemptions from coverage, including loans on property of 25 acres or more; loans for a business, commercial, or agricultural purpose; temporary financing, such as construction loans, unless the loan is used to finance transfer of title or may be converted to permanent financing by the same lender; and loans on unimproved property, unless within two years from settlement the loan proceeds will be used to construct or place a residence on the land.

Proceeds from the loans will be used to replace existing debt on the property and fund tenant improvements and leasing commissions as well as capital expenditures for the construction of a new parking garage and interior renovations.