Permanent Closing definition

Permanent Closing means, after the Commercial Operation Date, the occurrence of any of the following events: (i) for any period of eighteen (18) consecutive Months, excluding periods of Outages due to Force Majeure affecting Resource Provider or any PREPA Risk Event, Facility Availability equals zero (0), or (ii) for any period of thirty-six (36) consecutive Months, regardless of whether Resource Provider claims Force Majeure during such period, Facility Availability equals zero (0), in each case excluding periods of Outages due to any PREPA Risk Event.
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Permanent Closing means the date upon which all financing necessary for the operation of the Project on the Property closes, and any deeds of trust related to such financing are recorded against the Property.
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Permanent Closing means, after the Commercial Operation Date, the occurrence of any of the following events: (i) for any period of twelve (12) consecutive Months, excluding periods of Outages due to Force Majeure affecting Resource Provider or any PREPA Risk Event, GSDS Availability equals zero (0), or (ii) for any period of twenty-four (24) consecutive Months, regardless of whether Resource Provider claims Force Majeure during such period, GSDS Availability equals zero (0), in each case excluding periods of Outages due to any PREPA Risk Event.
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Examples of Permanent Closing in a sentence

  • If there is a shortage of funds to close, show how that gap will be filled in the Sources of Funds for Permanent Closing section above.

  • Documents: 2022-R-54 DIAMOND CITY GALA.PDF DIAMOND CITY GALA MAP.PDF 3.J. Adopt Resolution 2022-R-56, Declaring The Intention Of The Town Council Of The Town Of Morehead City To Consider The Permanent Closing Of The Southern Portion Of A 20' Wide Land Running North To South Between Midyette Avenue And Holly Lane, More Specifically, Between Lots 26 And 27 Of Block 1 Mitchell Village Subdivision.

  • This will cause another shortage in the Balance of Funds Needed for Permanent Closing and you will need to add that to the Trust Fund mortgage amount in the Sources section as well as the One-time Servicing Fee section.

  • Consideration of Proposed Permanent Closing of West Dorsett Avenue and the Portion of South Church Street South of West Walker Avenue.

  • Permanent Closing – When the ownership is transferred to the lessee, the resale price shall be financed privately.

  • Yes 3) Lender/Source: Costs Paid at Permanent Closing 4) Lender/Source: Victoria Capital, LLC (Tax Credit EquitStreet Address: Street Address: 330 W.

  • Estimated total time to complete Permanent Closing Procedures is 2 years.

  • Balance Needed for Permanent Closing (overage/shortage): $[(691,254)] Next: Place that amount in the cell above under Sources of Funds Needed for Permanent Funding and in section entitled 6.

  • Hours 37.5 hours per week Contract Duration Permanent Closing Date Midnight on 01 December 2021 Interview Date TBCPlease note the email address you supply on your online application will be used to make any further correspondence relating to this vacancy therefore please ensure you check your Junk/SPAM folders on a regular basis.

  • Balance Needed for Permanent Closing (overage/shortage): $[ ( 691,254)] N ext: Place that amount in the cell above under Sources of Funds Needed for Permanent Funding and in section entitled 6.


More Definitions of Permanent Closing

Permanent Closing means the date that all deeds of trust (or assignments of deeds of trust) associated with Approved Financing necessary for the permanent financing of the Development as shown on the Approved Development Budget, including the VHPP Loan deed of trust, have been recorded against the Property are converted to permanent loan deeds of trust, which shall also be referenced as the "Conversion Date".
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Permanent Closing means the date the Bank Loan is paid in full.
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Permanent Closing means the date the Bank Tax-Exempt Construction Loan and Bank Taxable Construction Loan are paid off in full.
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Related to Permanent Closing

  • First Closing has the meaning set forth in Section 2.1(a).

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Additional Closing has the meaning set forth in Section 2.3.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Second Closing has the meaning set forth in Section 2.2.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Final Closing means the last closing under the Private Placement;

  • Second Closing Date means the date of the Second Closing.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • Additional Closing Date has the meaning set forth in Section 3.

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Anticipated Closing Date means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board of Directors on the Applicable Date.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • IPO Closing means the initial closing of the sale of the Class A Common Stock in the IPO.

  • Outside Closing Date means the date which is 365 days after the earlier of the Firm Closing Date; or Second Tentative Closing Date; or such other date as may be mutually agreed upon in accordance with section 4. “Property” or “home” means the home including lands being acquired by the Purchaser from the Vendor. “Purchaser’s Termination Period” means the 30-day period during which the Purchaser may terminate the Purchase Agreement for delay, in accordance with paragraph 10(b).