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 the Bank Tax-Exempt Construction Loan and Bank Taxable Construction Loan are paid off in full.
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Permanent Closing means the date the Bank Loan is paid in full.
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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.

  • Permanent Closing Requirements: The following is, but not limited to, a list of final and completed documents required thirty (30) days prior to permanent closing:1.

  • Notice of Permanent Closing of Banking OfficeA bank may close fewer than all of its banking offices.

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

  • The profiles to follow cover a range of types of activities that might fall into categories such as: MSME development, local economic development, regional development, rural development, social development, investment promotion, access to finance, etc.

  • Both Staff and Parents view Valley View as HIGHLY EFFECTIVE...a trend that has continued over the past.

  • 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.

  • 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.

  • PUBLIC HEARING – Permanent Closing of Easement on John Rymer PropertyChairman Moyer called the meeting back to order.

  • 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.


More Definitions of Permanent Closing

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.
Sample 1

Related to Permanent Closing

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

  • Subsequent Closing shall have the meaning ascribed to such term in Section 2.4.

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

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

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

  • Permanent Financing means long-term debt (with a term of no less than fifteen (15) years) including a mortgage or other financing evidenced by a lien against the property. Permanent sources of financing identified on Page 7 of Form 3 to cover development costs (including capitalized operating and replacement reserves) may not include letters of credit, cash from operations, the lease up reserve or other non-cash contributions to the Project.