Permanent Loan Period definition

Permanent Loan Period means the period from and including the Amortization Commencement Date to the Maturity Date, during which Borrower shall repay the outstanding Principal Amount, with interest, as set forth below.
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Permanent Loan Period and “Permanent Loan Term” mean the period from the Conversion Date through the maturity date of the Note.
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Permanent Loan Period. The period commencing on the first day after the expiration of the Interim Loan Period and ending on the date that is ten (10) years thereafter.
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Examples of Permanent Loan Period in a sentence

  • The outstanding principal balance and any deferred and accrued interest is due and payable on the last day of the HOME Permanent Loan Period.

  • The Inquiry Witness Statement, PSNI Statement or Deposition, as the case may be, of those who are not being called will be tendered as an unchallenged account.17.

  • No regular interest will be charged on the HOME Loan, but during the HOME Permanent Loan Period, the City will receive a portion of the funds available to pay principal and contingent interest calculated in accordance with the CDA program requirements and applicable loan documents.

  • At the General Election on November 2, 2010, a proposal must be submitted to the registered voters of this State to amend the Sales and Use Tax Act, which was enacted by the 47th Session of the Legislature of the State of Nevada and approved by the Governor in 1955, and subsequently approved by the people of this State at the General Election held on November 6, 1956.Sec.

  • The term of the Permanent Loan (the "Permanent Loan Period") will commence on the first day after expiration of the Construction Loan Period and will terminate on the Maturity Date, at which time all principal and accrued interest will be due and payable in full.

  • During the Permanent Loan Period, principal and accrued interest will be payable as provided in the Note.

  • Foreign na- tionals and stateless persons who are not EU citizens but have obtained a German university entrance certificate are also on the same legal footing as German citizens when it comes to the award process.

  • Following construction completion, the HOME Loan will have a 40 year permanent loan period (the HOME Permanent Loan Period).

  • Permanent Loan Period The permanent loan phase will be characterized by, among other things, the presence of a first dollar loss risk-sharing partner, HUD/FHA.

  • No payment on the HOME Loan will be required during construction, but during the HOME Permanent Loan Period, principal and contingent interest will be due and payable in accordance with the CDA program requirements and applicable loan documents.


More Definitions of Permanent Loan Period

Permanent Loan Period means that provided the Conversion Conditions have been satisfied, the permanent portion of the loan shall commence on the Conversion Date and mature one hundred ninety two(192) months after the Closing.
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Permanent Loan Period means, with respect to the 2004 Note, the 20-year loan period extending from the Scheduled Completion Date through September 1, 2025.
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Permanent Loan Period means the period from and including the Conversion Date to the Maturity Date, during which Borrower will repay the outstanding Principal Sum, with interest, as set forth below.
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Permanent Loan Period means the period from and including the Amortization Commencement Date to the Mortgage Loan Maturity Date, during which the Mortgage Loan Borrower shall repay the outstanding principal amount of the Mortgage Loans, with interest as set forth in this Agreement.
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Permanent Loan Period means the period commencing on the first day after the end of the Construction Loan Period and ending on the earlier of (i) the Maturity Date; or (ii) the date all obligations under the Loan have been satisfied.
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Permanent Loan Period means the period from and including the Amortization Commencement Date to the Maturity Date, during which Borrower shall repay the outstanding Principal Sum, with interest, as set forth below. "Principal Amount" shall mean Two Million and 00/100 Dollars ($2,000,000.00).
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Related to Permanent Loan Period

  • Permanent Loan shall have the meaning assigned to that term in Section 2.16.1.

  • Loan Period means, with respect to each LIBOR Rate Loan, the period commencing on the Funding Date for such LIBOR Rate Loan and ending on the numerically corresponding day one (1) month, two (2) months, three (3) months or six (6) months thereafter, as specified by the Borrower in the Notice of Borrowing submitted under Section 2.04; provided, however, that:

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.