Examples of Permanent Loan in a sentence
Transfer of Servicing of Loans Pending for Permanent Loan Modification.
In the event, however, that the Borrower properly exercises its option to convert the Loan to a Permanent Loan in accordance with Article V, the Construction Phase shall end on the day immediately preceding the commencement of the Permanent Phase as provided in Section 5.3.
In order to exercise the option to convert the Loan to a Permanent Loan, the Borrower must provide the City with written notice of such election at least fifteen (15) days prior to the Construction Loan Maturity Date.
Provided all of the requirements and conditions set forth in Section 5.1 have been met and the Borrower has properly exercised the option to convert the Loan to a Permanent Loan in the manner and at a time permitted under Section 5.2, then the Permanent Phase shall commence on the Construction Loan Maturity Date.
Actual Construction Cost Contingency (explain in detail) A1.1 Sub-Total A1.2 General Contractor Fee cannot exceed 14% A1.3 Total Actual Construction Cost Financial Cost Construction Loan Credit Enhancement Construction Loan Interest Construction Loan Origination Fee Bridge Loan Interest Bridge Loan Origination Fee Permanent Loan Credit Enhancement Permanent Loan Origination Fee Reserves Required By Lender A2.