Net Proceeds of Permanent Financing definition

Net Proceeds of Permanent Financing means the amount by which Permanent Financing exceeds the Final Development Costs.
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Net Proceeds of Permanent Financing means the amount by which the permanent financing for the Project exceeds the total of the cost of acquisition and construction of the Project. The amount of the A1 Bond Loan may be decreased by the amount of the Net Proceeds of Permanent Financing due HCD as further set forth in the Loan Documents;
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Net Proceeds of Permanent Financing means the portion of the approved Financing Plan funds that are not required to pay the costs of acquisition and development and lease up (including but not limited to the funding of reserves and the payment of the entire Development Fee) of the Development.
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Examples of Net Proceeds of Permanent Financing in a sentence

  • The County shall approve or disapprove Borrower's determination of the amount of the Net Proceeds of Permanent Financing in writing within thirty (30) days after receipt.

  • The County and the City shall approve or disapprove Borrower's determination of the amount of the Net Proceeds of Permanent Financing in writing within thirty (30) days of receipt.

  • If the A1 Bond Loan proceeds are disbursed prior to Conversion, CONTRACTOR may be required to make a special repayment of the A1 Bond Loan in the amount of Net Proceeds of Permanent Financing (defined below) at Conversion, as further set forth in the Loan Documents.

  • Following the determination of the Net Proceeds of Permanent Financing, the Developer shall pay such amount within thirty (30) days following such determination.

  • The amount of the Net Proceeds of Permanent Financing shall be determined by the Developer and submitted to the City for approval no later than the date the Developer submits the final cost certification for the Development to TCAC.

  • The Developer shall also submit to the City any additional documentation sufficient to verify the amount of the Net Proceeds of Permanent Financing.

  • The County shall approve or disapprove Xxxxxxxx's determination of the amount of the Net Proceeds of Permanent Financing in writing within thirty (30) days after receipt.

  • The City shall approve or disapprove Developer's determination of the amount of the Net Proceeds of Permanent Financing in writing within thirty (30) days after the receipt of Developer's cost audit and supplemental documentation.

  • Notwithstanding the foregoing, the Parties agree and acknowledge that no amount shall be due to the City pursuant to this subsection in the event that Net Proceeds of Permanent Financing do not exist (or the Parties mutually determine that the Net Proceeds of Permanent Financing will not exist) due to construction cost overruns, if any portion of the Development Fee will be deferred, or other increases in costs or expenses incurred by the Developer in conjunction with the completion of the Development.

  • The amount of the Net Proceeds of Permanent Financing, if any, shall be calculated using the funding sources identified in the Financing Plan (as may be amended pursuant to this Agreement) and actually disbursed to Developer.


More Definitions of Net Proceeds of Permanent Financing

Net Proceeds of Permanent Financing means the portion of the Approved Financing (as defined in this Agreement) that is not required to pay the costs of acquisition and development of the Development (including but not limited to the funding of reserves). Net Proceeds of Permanent Financing, if any, shall be determined pursuant to the procedure set forth in Section 2.8(c) above.
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Related to Net Proceeds of Permanent Financing

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.