Examples of Permanent Lender in a sentence
If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest and all other amounts payable under this RRDP Note and any other RRDP Loan Document shall at once become due and payable, at the option of the Construction Lender during the Construction Loan Term and at the option of the Permanent Lender on and after the Conversion Date, without any prior notice to Borrower.
The date that the Construction Note Lender is paid down with the proceeds of this RRDP Note from the Permanent Lender.
Prior to the Maturity Date, payments of the Principal Balance on this RRDP Note shall be paid in full if the Property fails to be continuously maintained as a Qualified Project during the Affordability Period and a default is declared by the Permanent Lender that results in an acceleration of this RRDP Note.
The RRDP Permanent Loan Agreement dated as of , 202) by and between the Borrower and the Louisiana Housing Corporation as Permanent Lender.