Mini-Perm Loan definition
Mini-Perm Loan means as defined in Section 2.4(a).
Mini-Perm Loan means that certain loan made by the Mini-Perm Lender to Western in the original principal amount of $12,330,600.00 and as more particularly described in Schedule 8.1.13 attached hereto.
Mini-Perm Loan means a Loan originated by Seller pursuant to underwriting guidelines provided to and approved by Buyer with respect to Seller’s “Mini-Perm” mortgage origination program.
Examples of Mini-Perm Loan in a sentence
Transferors shall pay all closing costs and fees, including any prepayment fees or premiums relating to the prepayment of the Mezzanine Loan and the Mini-Perm Loan and all recording fees relating to the termination and cancellation of any security instruments or financing statements relating to such loan.
On the Closing Date, Transferee will consummate the prepayment of the Mezzanine Loan and the Mini-Perm Loan in accordance with the terms of this Agreement.".