Examples of Permanent Term in a sentence
In the event Borrower fails to pay any monthly installment due during the Permanent Term within fifteen (15) days after the same shall become due, the City may impose a late payment charge upon the Borrower of six (6%) percent of the amount of such payment.
In the event that Borrower properly exercises its option to convert the Loan to a Permanent Loan in accordance with Article V of the Loan Agreement, the Construction Term shall end on the day immediately preceding the commencement of the Permanent Term as provided for in Section 5.3 of the Loan Agreement.
In the event Borrower fails to pay any installment due during the Permanent Term within fifteen (15) days after the same shall become due, the City may impose a late payment charge upon the Borrower of five (5) percent of the amount of such payment.
In the event Borrower fails to pay any installment due during the Permanent Term within fifteen (15) days after the same shall become due, the City may impose a late payment charge upon the Borrower of five (5) percent of theamount of such payment.
Upon Frontline’s receipt of payment from Licensee [sic] of the applicable Fee for a single-Use [sic] license (‘Standalone License’), Licensee may Use the Software for a Permanent Term on one computer (the ‘PC’), and Frontline will provide Licensee with a license code enabling such Use.
The first six (6) months worked by a Permanent, Term, or Temporary Employee shall be a Probationary Period.
The Permanent Term shall mean the period of time from the commencement of the Permanent Term as provided for in Section 5.3 of the Loan Agreement and expiring up to 45 years thereafter, but in no event later than the last day of September, 2059, (the "Permanent Term Maturity Date").
Beginning with the Permanent Term and ending at the end of twenty (20) years, Borrower shall pay to City nineteen and forty eight hundredths percent (19.48%) times one hundred percent (100%) of the Cash Flow available for subordinate debt from Cash Flow.
Beginning with the Permanent Term and ending at the end of thirty (30) years, Borrower shall pay to City forty- six and fourteen hundredths percent (46.14%) times sixty percent (60%) of the Cash Flow Available for Subordinate Debt for Cash Flow up to $150,000 per annum and forty-six and fourteen hundredths percent (46.14%) times seventy five-percent (75%) of any Cash Flow Available in excess of $150,000.
Holders shall effect conversions by providing the Company with the form of conversion notice attached hereto as Exhibit A (a "Conversion Notice").