Permanent Loans definition

Permanent Loans means the Mortgage Loan upon take-out by the Permanent Lender and by the Second Lender in the maximum aggregate loan amount of $1,000,000.
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Permanent Loans means any bank loan or other debt financing that does not constitute Permanent Securities incurred in connection with the Acquisition or to refinance the Bridge Facility, the Interim Facility or any other interim financing borrowed (other than the Incremental Facility), issued or assumed in connection with the Acquisition. Permanent Securities means any underwritten offering or private placement of debt or equity securities (including any securities convertible into equity) in connection with the Acquisition or to refinance the Bridge Facility, the Interim Facility or any other financing borrowed (other than the Incremental Facility), issued or assumed in connection with the Acquisition.
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Permanent Loans means Loans issued only to finance a Project after the completion of the construction and/or stabilization phase.
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Examples of Permanent Loans in a sentence

  • Permitted Permanent Loans, provided that such Permitted Permanent Loans shall cause any automatic amendment of this Agreement that applies under the “most favored lender” provision in Section 5.20.

  • Developer shall have obtained approval of all financing described in this Method of Financing, and the Mayor shall have approved evidence relating to the Construction Loan, Developer Equity, Gap Financing Sources, and a commitment for the Permanent Loan(s), and all documents required to be executed in connection with such financing shall have been duly executed, acknowledged and delivered.

  • Developer shall have obtained approval of all financing described in this Amended Method of Financing, and the Mayor or designee shall have approved evidence relating to the Construction Loan, Developer Equity, Gap Financing Sources, and a commitment for the Permanent Loan(s), and all documents required to be executed in connection with such financing shall have been duly executed, acknowledged and delivered.

  • Developer shall have obtained approval of all financing described in this Method of Financing, and the Mayor shall have approved evidence relating to the Construction Loan, Deferred Developer Fee, Gap Financing Sources, and a commitment for the Permanent Loan(s), and all documents required to be executed in connection with such financing shall have been duly executed, acknowledged and delivered.

  • Note means the Bridge Note or a Permanent Loans Note, as the case may be, and Notes means the Bridge Note and the Permanent Loans Notes collectively.

  • The Permanent Loans Notes shall be executed and delivered by the Borrowers.

  • It is intended that: (x) the refinancing of all or any part of the Permanent Loan shall not require Subordinate Lender to modify the terms of its Subordinate Loan Documents or otherwise extend the terms of the term of the Subordinate Loan; and (y) the aggregate principal amount of the Permanent Loan(s) may not increase beyond the amount necessary to cover reasonable and necessary costs associated with the closing and/or refinancing.

  • The Permanent Loans of each Permanent Lender made to each Borrower shall be evidenced by a Note of such Borrower in the form of Exhibit A-2 hereto (each, a “Permanent Loans Note”), with appropriate insertions, payable to such Permanent Lender or its registered assigns.

  • Delivery of such (i) authorizing resolutions and other corporate/company documentation regarding the Permanent Loans Notes and (ii) legal opinions as to the Permanent Loans Notes and the German Pledge Agreements (including, if requested, as to the confirmation agreements contemplated by the German Pledge Agreements in connection with the change in ownership of the German Borrowers as a result of the Post-Closing Structural Steps), in each case as shall be reasonably required by the Administrative Agent.

  • Permanent Loans may also refer to the Permanent Advances made under the Permanent Loan in respect to a Property or Properties.