Permanent Loan Amount definition

Permanent Loan Amount means the maximum permanent loan amount of the Bonds after the Conversion Date of $[Max Per Amount], or such other amount as described in the Construction Loan and Permanent Loan Agreement and in the Forward Bond Purchase Agreement.

Permanent Loan Amount means the maximum principal sum in the amount of and No/100 Dollars ($ ); provided however, that, at Conversion, the Loan shall not exceed 80% of CCRC’s appraised Section 8 market value at stabilized occupancy, and the Loan shall have a minimum 1.15 to 1.00 DSCR for not less than ninety (90) consecutive days immediately prior to Conversion based upon CCRC’s underwriting guidelines.

Permanent Loan Amount means a loan of up to $[17,410,000].

Examples of Permanent Loan Amount in a sentence

• The Parties agree that UCF has received a potential borrower referral from the Referral Agent for financing for the following transaction: Applicant/Borrower: Address of Property: Permanent Loan Amount: Referral Fee Amount: It is understood and agreed that upon UCF completing a full funding of a loan to borrower, UCF hereby agrees to pay the Referral Agent an amount equal to one percent (1%) of the Final Permanent Loan Amount for Borrower introduction (the “Loan Referral Fee”).

• The amount of the Funding Loan and the Borrower Loan will be reduced on or before the Conversion Date to the Permanent Period Amount (as calculated in accordance with the Construction Funding Agreement), or such greater amount as may be approved by the Funding Lender, provided that any such increase (a) shall not exceed 120% of the Expected Permanent Loan Amount, and (b) shall be accompanied by a No Adverse Tax Effect Opinion of Tax Counsel.

• On or before the Funding Date the Permanent Lender shall cause the Permanent Loan Amount as set forth in the Funding Notice to be deposited in the Construction Loan Repayment Fund.

More Definitions of Permanent Loan Amount

Permanent Loan Amount means the amount of the Permanent Loan, as set forth in the Conversion Notice provided by the Permanent Lender on the Conversion Date.

Permanent Loan Amount means the maximum aggregate principal sum in the amount of and No/100 Dollars ($ .00), as may be adjusted pursuant to the terms of Section 6.1; provided however, that, at Conversion, the Loan shall not exceed % of Lender’s appraised restricted value at stabilized occupancy and % of Lender's appraised Decontrol Value at stabilized occupancy, and the Loan shall have a minimum DSCR for thirty (30) consecutive days immediately prior to Conversion based upon Lender’s underwriting guidelines.

Permanent Loan Amount. The Permanent Loan shall be made in an amount no less than $50,000,000, and shall be collateralized by a pool of Properties such that the DSCR on the Permanent Loan is no less than 1.40:1, based upon Capital America's determination of UNOI (as defined below) and a debt service constant equal to the greater of (a) the actual constant using a 25 year amortization and (b) 10.48%, and subject to a loan to value not to exceed 65% based upon an MAI appraisal approved by Capital America. Actual Loan proceeds are also dependent upon prevailing interest rates at the closing of the Loan (unless Borrower Sponsor has entered into Capital America's standard Rate Lock Agreement, as described above under "Interest Rate Protection").

Permanent Loan Amount means the actual funded amount of the Loan.

Permanent Loan Amount means $[ ].

Permanent Loan Amount means $25,600,000.

Permanent Loan Amount means the greater of (x) the amount required to pay in full the outstanding principal amount of and all interest and other amounts then due under the Construction Loan and the expenses of obtaining and closing the Permanent Loan and (y) an amount not in excess of eighty percent (80%) of the value of the leasehold estate created hereunder (assuming the leasehold estate is not encumbered by any outstanding financing) at the time the Permanent Loan is funded, as established by an appraisal approved by the Recognized Mortgagee holding the Permanent Mortgage.