Permanent Conversion definition

Permanent Conversion means the date the Bank Loan converts to the Permanent Loan.
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Permanent Conversion means the date the Bank Construction Loan converts to the CCRC Loan.
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Permanent Conversion means a change in use of agricultural, naturally vegetated, or forest lands that impairs the ability to convert the land back to its agricultural, natural, or forest capacity in the future. It does not include changes in management practices, such as conversion to parklands, open space, or natural areas.
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Examples of Permanent Conversion in a sentence

  • The two conservation policies chosen for this study are: the Water Use Restriction policy, specifically defined as a mandatory annual or multi-year limit that reduces the amount of water pumped, and a Voluntary Permanent Conversion to Non-Irrigated Production policy.

  • Society (Cont.) employs 11 staff and serve 400 adult and family clients annually.

  • Programs are generally organized into five phases: A) Selection of Qualified Developers; B) Commencement of Negotiations With Qualified Developers; C) Interim Management and Predevelopment; D) Construction Loan Closing and Rehabilitation; and E) Permanent Conversion.

  • Permanent Conversion Funding SourcesBridge Loan PeriodPermanent Conversion EstimateSSP Funds$7,485,932$7,392,769PASS Funds$0$736,000CCDC Equity$88,065$0CHRP/CDBG Loan$393,864$393,864Total Development Cost$7,967,861$8,522,633(Includes $554,772 in additional perm loan costs) To relieve the Project of the expense of the SFHAF interest and save costs, which are currently costing the Project more than $800 per day, MOHCD has agreed to make a 36- month bridge loan to CCDC.

  • Second, it will allow such changes with respect to the legal rents for the Affordable Housing Units until the date of Permanent Conversion provided that the changes do not alter the initial actual rents to be paid by tenants in the Affordable Housing Units that were published in the advertisement for the marketing of such units.

  • This request must be submitted in advance of these changes via the Interim to Permanent Conversion Notice form and needs Department approval.

  • Subordination After Initial Permanent Conversion All subordination requests shall be subject to the Subordination Fee and legal and staff time expenses.

  • Permanent Conversion The promissory note had been converted into a stock as a permanent fixture.

  • The conveyance of Permanent Conversion Area and granting of the Temporary Construction Easements described herein.

  • For envelopes and refill orders, call The Empire Plan toll free at 1-877-7-NYSHIP (1-877-769-7447) and choose Prescription Drug Program.To refill a prescription on file with the mail service pharmacy, you may order by phone or download order forms online at the New York State Department of Civil Service web site at https://www.cs.ny.gov.


More Definitions of Permanent Conversion

Permanent Conversion means the date the Bank Tax-Exempt‌ Construction Loan converts to the Bank Permanent Loan and the MHP HCD Loan closes.
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Permanent Conversion means the date the Bank Construction Loan is paid off.
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Permanent Conversion means a change in use of agricultural, naturally vegetated, or forest lands that impairs the ability
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Permanent Conversion means the date the Bank Loan is repaid.
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Permanent Conversion means the date the Tax Exempt Bank Loan converts to the NOI Permanent Loan.
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Related to Permanent Conversion

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Automatic Conversion Date has the meaning specified in Section 13.14(a).

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Major conversion means a conversion of an existing ship:

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 85% of the lesser of (i) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if after the Interest Payment Date.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than the ECU for the purposes for which it was established.