Permanent Loan Period definition

Permanent Loan Period means the period from and including the Amortization Commencement Date to the Maturity Date, during which Borrower shall repay the outstanding Principal Amount, with interest, as set forth below.
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Permanent Loan Period and “Permanent Loan Term” mean the period from the Conversion Date through the maturity date of the Note.
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Permanent Loan Period means the period beginning on the first day after the expiration of the Construction Loan Period and ending on the Maturity Date (as defined in the Note).
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Examples of Permanent Loan Period in a sentence

  • The outstanding principal balance and any deferred and accrued interest is due and payable on the last day of the HOME Permanent Loan Period.

  • The Inquiry Witness Statement, PSNI Statement or Deposition, as the case may be, of those who are not being called will be tendered as an unchallenged account.17.

  • No regular interest will be charged on the HOME Loan, but during the HOME Permanent Loan Period, the City will receive a portion of the funds available to pay principal and contingent interest calculated in accordance with the CDA program requirements and applicable loan documents.

  • Foreign na- tionals and stateless persons who are not EU citizens but have obtained a German university entrance certificate are also on the same legal footing as German citizens when it comes to the award process.

  • No payment on the HOME Loan will be required during construction, but during the HOME Permanent Loan Period, principal and contingent interest will be due and payable in accordance with the CDA program requirements and applicable loan documents.

  • During the Permanent Loan Period, principal and accrued interest will be payable as provided in the Note.

  • To adopt the Agreement and Plan of THE BOARD OF DIRECTORS Merger, dated as of July 8, 2003, RECOMMENDS A VOTE "FOR" by and among Yellow Corporation, THIS PROPOSAL.

  • The term of the Permanent Loan (the "Permanent Loan Period") will commence on the first day after expiration of the Construction Loan Period and will terminate on the Maturity Date, at which time all principal and accrued interest will be due and payable in full.

  • No payments on the HOME Loan will be required during construction, but during the HOME Loan Permanent Loan Period, annual payments of principal and contingent interest will be due from 25% of the available cash flow (or as otherwise required by CDA) following payment of authorized Project expenses.

  • This Guaranty shall terminate, and shall be of no further force or effect, on the earlier of the date that (i) all sums due OHCS under the Loan Documents are paid in full and all obligations, covenants, conditions and agreements of Borrower contained in the Loan Documents are performed and discharged, or (ii) the Permanent Loan Period commences pursuant to the terms of Section 4 of the Loan Agreement.


More Definitions of Permanent Loan Period

Permanent Loan Period means, with respect to the 2004 Note, the 20-year loan period extending from the Scheduled Completion Date through September 1, 2025.
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Permanent Loan Period means the period commencing on the first day after the end of the Construction Loan Period and ending on the earlier of (i) the Maturity Date; or (ii) the date all obligations under the Loan have been satisfied.
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Permanent Loan Period means the period from and including the Conversion Date to the Maturity Date, during which Borrower will repay the outstanding Principal Sum, with interest, as set forth below.
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Permanent Loan Period means the period from and including the Amortization Commencement Date to the Maturity Date, during which Borrower shall repay the outstanding Principal Sum, with interest, as set forth below. "Principal Amount" shall mean Two Million and 00/100 Dollars ($2,000,000.00).
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Permanent Loan Period means that provided the Conversion Conditions have been satisfied, the permanent portion of the loan shall commence on the Conversion Date and mature one hundred ninety two(192) months after the Closing.
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Permanent Loan Period means the period from and including the Amortization Commencement Date to the Mortgage Loan Maturity Date, during which the Mortgage Loan Borrower shall repay the outstanding principal amount of the Mortgage Loans, with interest as set forth in this Agreement.
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Related to Permanent Loan Period

  • Permanent Loan shall have the meaning assigned to that term in Section 2.16.1.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Total Loan Commitment means as to any Lender the aggregate commitments of such Lender with respect to its Revolving Loan Commitment and Term Loan Commitment.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Revolving Facility Termination Date means the earlier of (i) December 20, 2026, or (ii) the date that the Revolving Commitments have been terminated pursuant to Section 8.02.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) March 31, 2012 or (b) an Event of Default.”

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.