Examples of Permanent Loan in a sentence
Additionally, Borrower shall be liable to Greystone for any and all losses, damages, costs, and expenses, including but not limited to reasonable attorneys fees that Greystone suffers or incurs as a result of its inability, as a result of Borrower’s action or failure to act or that of Borrower’s agent to close the Permanent Loan in accordance with this Commitment.
Notwithstanding the above, the Permanent Loan is expected to be less than $4 million.
Interest that accrues on the Permanent Loan at the Revised Interest Rate in excess of that accruing at the Interest Rate ("Excess Interest") shall be due and payable on the Permanent Loan Maturity Date unless paid earlier out of excess cash flow from the Lake Pointe Property.
The maturity date for the Permanent Loan (the "Permanent Loan Maturity Date") shall be the date which is the 30-year anniversary of the eleventh (11th) day of the first monthly payment date with respect to the Permanent Loan.
MATURITY DATE: The anticipated repayment date for the Permanent Loan shall be the 10th anniversary of the first monthly payment date with respect thereto (the "Anticipated Repayment Date").