Permanent Period Supplemental Agreement definition

Permanent Period Supplemental Agreement means that certain Supplemental Agreement, dated as of June 1, 2021, executed by and between the Borrower and CCRC, which Permanent Period Supplemental Agreement shall automatically become effective on the Conversion Date and shall supplement, amend and modify the terms of the Loan Agreement thereafter.
Permanent Period Supplemental Agreement means that certain Supplemental Agreement dated as of [ ] between the Borrower and CCRC.

Examples of Permanent Period Supplemental Agreement in a sentence

  • Notwithstanding the foregoing, in the event that CCRC purchases the Tax-Exempt Bond and becomes the Owner, on and following the Conversion Date, all deposits to the Transition Reserve Fund shall be immediately transferred to CCRC to be held in a transition reserve account and disbursed according to the terms the Permanent Period Supplemental Agreement and the other requirements of this Section 5.05(c) shall not be effective.

  • Notwithstanding the foregoing, in the event that CCRC purchases the Bond and becomes the Owner, on and following the Conversion Date, all deposits to the Operating Reserve Fund shall be immediately transferred to CCRC to be held in an operating reserve account and disbursed according to the terms the Permanent Period Supplemental Agreement and the other requirements of this Section 5.05(b) shall not be effective.

  • Bondowner Representative will release and disburse funds from the Operating Reserve Account as provided in the Borrower’s partnership agreement, the Disbursement Agreement, and the Permanent Period Supplemental Agreement.

  • Notwithstanding anything to the contrary contained herein, upon the Coversion Date, the Permanent Period Supplemental Agreement shall automatically become effective and shall be deemed to supplement and modify the terms of this Agreement, and the Permanent Period Note Addendum shall automatically become effective and shall be deemed to supplement and modify the terms of the Note, each without the need for further action or approval of the parties hereto or thereto.

  • The term “Permanent Period Supplemental Agreement” shall mean that certain Supplemental Agreement, dated as of [ ], executed by and between the Borrower and CCRC, which Permanent Period Supplemental Agreement shall automatically become effective on the Conversion and shall supplement, amend and modify the terms of the Loan Agreement thereunder.

Related to Permanent Period Supplemental Agreement