Net Proceeds of Permanent Financing definition

Net Proceeds of Permanent Financing means the amount by which Permanent Financing exceeds the Final Development Costs.
Net Proceeds of Permanent Financing means the portion of the approved Financing Plan funds that are not required to pay the costs of acquisition and development and lease up (including but not limited to the funding of reserves and the payment of the entire Development Fee) of the Development.
Net Proceeds of Permanent Financing means the amount by which the permanent financing for the Project exceeds the total of the cost of acquisition and construction of the Project. The amount of the A1 Bond Loan may be decreased by the amount of the Net Proceeds of Permanent Financing due COUNTY as further set forth in the Loan Documents;

Examples of Net Proceeds of Permanent Financing in a sentence

  • The County shall approve or disapprove Borrower's determination of the amount of the Net Proceeds of Permanent Financing in writing within thirty (30) days after receipt.

  • HCD has determined the amount of the A1 Bond Loan subject to disbursement, as such may be reduced by the amount of Net Proceeds of Permanent Financing due COUNTY.

  • If the A1 Bond Loan proceeds are disbursed prior to Conversion, CONTRACTOR may be required to make a special repayment of the A1 Bond Loan in the amount of Net Proceeds of Permanent Financing (defined below) at Conversion, as further set forth in the Loan Documents.

  • HCD has received and approved the calculation of the Net Proceeds of Permanent Financing.

  • The Net Proceeds of Permanent Financing, if any, shall be paid one hundred percent (100%) to the City (and any other lender that is a party to the Intercreditor Agreement (if any), as set forth above) as a special repayment of the City Loan.

  • No later than one hundred eighty (180) days following completion of rehabilitation of the Development, Borrower shall submit to the County for its review a preliminary calculation of the Net Proceeds of Permanent Financing and a draft of the Final Cost Certification.

  • The amount of the Net Proceeds of Permanent Financing shall be determined by the Developer and submitted to the City for approval no later than the date the Developer submits the final cost certification for the Development to TCAC.

  • The amount of the Net Proceeds of Permanent Financing, if any, shall constitute a prepayment of a portion of the principal amount of the City Loan.

  • Weapons PolicyOrdinarily, any student in possession of a weapon will face disciplinary consequences up to and including expulsion from school.

  • Borrower shall make a special repayment from Net Proceeds of Permanent Financing, if any, as defined in and set forth in the Intercreditor Agreement.


More Definitions of Net Proceeds of Permanent Financing

Net Proceeds of Permanent Financing means the portion of the Approved Financing (as defined in this Agreement) that is not required to pay the costs of acquisition and development of the Development (including but not limited to the funding of reserves). Net Proceeds of Permanent Financing, if any, shall be determined pursuant to the procedure set forth in Section 2.8(c) above.

Related to Net Proceeds of Permanent Financing

  • Permanent Financing means long-term debt (with a term of no less than fifteen (15) years) including a mortgage or other financing evidenced by a lien against the property. Permanent sources of financing identified on Page 7 of Form 3 to cover development costs (including capitalized operating and replacement reserves) may not include letters of credit, cash from operations, the lease up reserve or other non-cash contributions to the Project.

  • Net Proceeds Offer has the meaning provided in Section 4.16.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 7.4 hereof.

  • Net Proceeds Amount means, with respect to any Transfer of any property by any Person, an amount equal to the difference of

  • Cash-Out Refinancing A Refinanced Mortgage Loan the proceeds of which were in excess of the principal balance of any existing first mortgage on the related Mortgaged Property and related closing costs, and were used to pay any such existing first mortgage, related closing costs and subordinate mortgages on the related Mortgaged Property.

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Net Proceeds Offer Amount has the meaning set forth in Section 4.16.

  • Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

  • Net Proceeds Offer Payment Date has the meaning set forth in Section 4.16.

  • Net Proceeds Offer Trigger Date has the meaning set forth in Section 4.16.

  • Cash Proceeds means proceeds that are money, checks, deposit accounts, or the like.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • Noncash proceeds means proceeds other than cash proceeds.

  • Net Financing Proceeds means the cash proceeds received by the Partnership in connection with any borrowing by or on behalf of the Partnership (whether or not secured), or distributed to the Partnership in respect of any such borrowing by any Subsidiary Entity, after deduction of all costs and expenses incurred by the Partnership in connection with such borrowing, and after deduction of that portion of such proceeds used to repay any other indebtedness of the Partnership, or any interest or premium thereon.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Exit Financing means the financing under the Exit Facility.

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).

  • Net Condemnation Proceeds The Condemnation Proceeds received with respect to any Mortgage Loan or Serviced Companion Loan (including an REO Mortgage Loan or REO Companion Loan) net of the amount of (i) costs and expenses incurred with respect thereto and (ii) amounts required to be applied to the restoration or repair of the related Mortgaged Property; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Condemnation Proceeds” under this Agreement shall be limited to any related Condemnation Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Deferred Net Cash Proceeds Payment Date shall have the meaning provided such term in the definition of Net Cash Proceeds.