Permanent Loan Rate definition

Permanent Loan Rate means [ %] per annum.
Sample 1
Permanent Loan Rate means a variable rate of interest equal to the One Month LIBOR PLUS 3.68% (368 basis points) per annum.
Sample 1
Permanent Loan Rate means a variable rate of interest equal to the One Month LIBOR plus 3.68% (368 basis points) per annum.
Sample 1

Examples of Permanent Loan Rate in a sentence

  • Loan Rate Permanent Loan Fees Permanent Loan Rate TermAmortization DSCFees and Reserves Developer Fee Operating Reserve1.25% of amount7.50%1.25% of amount7.50%1.00% of amount7.25%10 years10 years 1.1520% of TDC6 mo.

  • Interest shall accrue on the outstanding principal amount of the Permanent Loan from the date made until paid in full at the Permanent Loan Rate.

  • With respect to the Permanent Loan, the Permanent Loan Rate in effect hereunder and under the Permanent Note shall be increased or decreased, as the case may be, on a monthly basis effective as of the date of each monthly installment due date during such term by an amount equal to any increase or decrease in the One Month LIBOR from the date of last change.

  • Interest shall be calculated on the basis of a 360 day year of twelve 30 day months so long as interest is payable at the MMD Index Rate, Term Rate or the Fixed Interest Rate or the Permanent Loan Rate.

  • Should the Borrower fail to pay any installment of principal or interest or any other Obligation, the Borrower shall pay default interest on such amount equal to the applicable Construction Loan Rate or Permanent Loan Rate, as the case may be, plus nine percent (9.0%) per annum; or, if such rate exceeds the Maximum Rate, then at the Maximum Rate.

  • Should the Borrower fail to pay any installment of principal or interest or any other Obligation, the Borrower shall pay default interest on such amount equal to the applicable Construction Loan Rate or Permanent Loan Rate, as the case may be, PLUS nine percent (9.0%) per annum; or, if such rate exceeds the Maximum Rate, then at the Maximum Rate.

  • Permanent Loan Rate: The applicable interest rate for the Permanent Loan shall be locked at Construction Loan closing.

Related to Permanent Loan Rate

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

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

  • Net Loan Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Mortgage Loan minus the related Servicing Fee Rate and the Master Servicing Fee Rate.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • 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.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

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

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • 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).]

  • 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.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Revolving Interest Rate means, with respect to Revolving Advances, an interest rate per annum equal to (a) the lesser of (i) the sum of the Alternate Base Rate plus the Applicable Revolving Domestic Rate Margin and (ii) the Maximum Rate, with respect to Domestic Rate Loans, and (b) the lesser of (i) the sum of the Eurodollar Rate plus the Applicable Revolving Eurodollar Rate Margin and (ii) the Maximum Rate, with respect to the Eurodollar Rate Loans.

  • 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.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

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

  • 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).

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • 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.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • 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.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.