Common use of Permanent Financing Clause in Contracts

Permanent Financing. The financing to acquire Assets, to pay a fee of 4.5% of any Permanent Financing as Acquisition Fees, and to refinance outstanding amounts on the Line of Credit. Permanent Financing may be in addition to any borrowing under the Line of Credit.

Appears in 1 contract

Samples: Advisory Agreement (CNL Hotels & Resorts, Inc.)

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Permanent Financing. The financing to (i) acquire Assets, Properties and to make Loans or other Permitted Investments; (ii) pay a fee of 4.5% of off any Acquisition Fees arising from any Permanent Financing as Acquisition Fees, Financing; and to (iii) refinance outstanding amounts on the Line of Credit. Permanent Financing financing may be in addition to any borrowing under the Line of Credit.

Appears in 1 contract

Samples: Advisory Agreement (CNL Lifestyle Properties Inc)

Permanent Financing. The financing to (i) acquire Assets, Properties and to make Loans or other Permitted Investments; (ii) pay a fee of 4.5% of any Acquisition Fees arising from any Permanent Financing as Acquisition Fees, Financing; and to (iii) refinance outstanding amounts on the Line of Credit. Permanent Financing financing may be in addition to any borrowing under the Line of Credit.

Appears in 1 contract

Samples: Advisory Agreement (CNL Income Properties Inc)

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Permanent Financing. The financing to (i) acquire Assets, Properties and to make Mortgage Loans or other Permitted Investments; (ii) pay a fee of 4.5% of any Acquisition Fees arising from any Permanent Financing as Acquisition Fees, Financing; and to (iii) refinance outstanding amounts on the Line of Credit. Permanent Financing financing may be in addition to any borrowing under the Line of Credit.

Appears in 1 contract

Samples: Advisory Agreement (CNL Hospitality Properties II, Inc.)

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