Permanent Conversion definition

Permanent Conversion means the date the Bank Loan converts to the Permanent Loan.
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Permanent Conversion means the date the Bank Loan converts to the CCRC Loan.
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Permanent Conversion means a change in use of agricultural, naturally vegetated, or forest lands that impairs the ability
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Examples of Permanent Conversion in a sentence

  • To the extent consistent with the regulations applicable to the HCD AHSC Loan and the HCD NPLH Loan, no later than ten (10) days after the date of Permanent Conversion, Borrower shall pay to the County as a special repayment of the HOME Loan, an amount equal to the result obtained by multiplying the County Additional Prorata Share by the Available Net Proceeds (the "Special County Loan Payment").

  • Such amount is intended to represent the amount of Partnership Management Fee allowed by HCD at Permanent Conversion.

  • Any remaining amount of the Priority Developer Fee not paid in the Initial Fee Payment and Second Fee Payment may be paid at the Permanent Conversion or must be paid out of Borrower's Share of Residual Receipts or contributed to the Development.


More Definitions of Permanent Conversion

Permanent Conversion means a change in use of agricultural, naturally vegetated, or forest lands that impairs the ability to convert the land back to its agricultural, natural, or forest capacity in the future. It does not include changes in management practices, such as conversion to parklands, open space, or natural areas.
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Permanent Conversion means the date the Bank Loan is repaid.
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Permanent Conversion means the date the Bank Tax-Exempt Construction Loan and Bank Taxable Construction Loan is paid off in full.
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Permanent Conversion means the date the Bank Tax-Exempt‌ Construction Loan converts to the Bank Permanent Loan and the MHP HCD Loan closes.
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Permanent Conversion means the date the Tax Exempt Bank Loan converts to the NOI Permanent Loan.
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Permanent Conversion means the date the Bank Tax-Exempt Construction Loan and Bank Taxable Construction Loan is paid off in full.
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Related to Permanent Conversion

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Major conversion means a conversion of an existing ship:

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 85% of the lesser of (i) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 10 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if after the Interest Payment Date.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit or composite currency for the purposes for which it was established.