Permanent Loan Amount definition

Permanent Loan Amount means the maximum permanent loan amount of the Bonds after the Conversion Date of $[Max Per Amount], or such other amount as described in the Construction Loan and Permanent Loan Agreement and in the Forward Bond Purchase Agreement.

Permanent Loan Amount means the maximum principal sum in the amount of and No/100 Dollars ($ ); provided however, that, at Conversion, the Loan shall not exceed 80% of CCRC’s appraised Section 8 market value at stabilized occupancy, and the Loan shall have a minimum 1.15 to 1.00 DSCR for not less than ninety (90) consecutive days immediately prior to Conversion based upon CCRC’s underwriting guidelines.

Permanent Loan Amount means a loan of up to $[17,410,000].

Examples of Permanent Loan Amount in a sentence

• Provided all Conversion Conditions are satisfied, the Issuer and the Trustee agree to execute and deliver the Funding Loan Agreement, the Governmental Lender Note, and the Borrower Loan Agreement on the Conversion Date, subject to the completion of the forms attached to the Loan Purchase Agreement, including filling in the Conversion Date, the Permanent Loan Amount and attaching the final amortization schedule in accordance with subsection (c) below.

• Additionally, CFE has rules that prohibit trading activity intended to unfairly affect or to attempt to unfairly affect a daily settlement price to benefit TAS positions, including among others, CFE Rule 620 (Disruptive Trading Practices).

• The Bonds shall be subject to mandatory redemption in part on the Conversion Date in an amount equal to the difference between (i) principal amount of the Bonds then Outstanding, and (ii) the Permanent Loan Amount, as provided in Section 3.03 hereof.

• Under U.S. law, the term "national" is broader than the term "citizen; for example, a native of American Samoa is a national of the United States, but not a citizen.

• Redeem the amount of Bonds set forth in the Conversion Notice from the amounts on deposit in the Collateral Fund, such that the remaining outstanding principal amount of the Bonds equals the Permanent Loan Amount set forth in the Conversion Notice.

More Definitions of Permanent Loan Amount

Permanent Loan Amount means $25,600,000.

Permanent Loan Amount means the amount of the Permanent Loan, as set forth in the Conversion Notice provided by the Permanent Lender on the Conversion Date.

Permanent Loan Amount means the maximum aggregate principal sum in the amount of and No/100 Dollars ($ .00), as may be adjusted pursuant to the terms of Section 6.1; provided however, that, at Conversion, the Loan shall not exceed % of Lender’s appraised restricted value at stabilized occupancy and % of Lender's appraised Decontrol Value at stabilized occupancy, and the Loan shall have a minimum DSCR for thirty (30) consecutive days immediately prior to Conversion based upon Lender’s underwriting guidelines.

Permanent Loan Amount. The Permanent Loan shall be made in an amount no less than $50,000,000, and shall be collateralized by a pool of Properties such that the DSCR on the Permanent Loan is no less than 1.40:1, based upon Capital America's determination of UNOI (as defined below) and a debt service constant equal to the greater of (a) the actual constant using a 25 year amortization and (b) 10.48%, and subject to a loan to value not to exceed 65% based upon an MAI appraisal approved by Capital America. Actual Loan proceeds are also dependent upon prevailing interest rates at the closing of the Loan (unless Borrower Sponsor has entered into Capital America's standard Rate Lock Agreement, as described above under "Interest Rate Protection").

Permanent Loan Amount means the actual funded amount of the Loan.

Permanent Loan Amount means $[ ].

Permanent Loan Amount means the greater of (x) the amount required to pay in full the outstanding principal amount of and all interest and other amounts then due under the Construction Loan and the expenses of obtaining and closing the Permanent Loan and (y) an amount not in excess of eighty percent (80%) of the value of the leasehold estate created hereunder (assuming the leasehold estate is not encumbered by any outstanding financing) at the time the Permanent Loan is funded, as established by an appraisal approved by the Recognized Mortgagee holding the Permanent Mortgage.