Permanent Financing definition

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.

Permanent Financing means the issuance of debt securities by Borrower or a Subsidiary thereof, through a public offering or in a private placement, the proceeds of which are used (in whole or in part) to consummate the Target Acquisition or to replace or refinance some or all of the Bridge Loans.

Permanent Financing means the sum of the following amounts: (i) the Permanent Loan; (ii) the Combined County Loan; (iii) the Restructured City Loan; (iv) the Reserve Loan; (v) the Tax Credit Investor Equity; and (vi) the GP Capital Contribution.

Examples of Permanent Financing in a sentence

• Subject to the rights of Senior Lenders, notwithstanding anything to the contrary, the Borrower may request a deduction from the Net Proceeds of Permanent Financing to reduce the outstanding balance of the Deferred Developer Fee (subject to the restrictions in Section 3.16 hereof) upon approval from the County, which approval shall not be unreasonably withheld.

• 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 of receipt.

• Subject to the rights of Senior Lenders, and to the extent additional subordinate loan proceeds, equity or surplus development sources following the Final Cost Certification, no later than ten (10) days after the date Borrower receives its final Tax Credit Investor Equity contribution, Borrower shall pay to the County one- hundred percent (100%) of the Net Proceeds of Permanent Financing, as a special repayment of the Loan.

More Definitions of Permanent Financing

Permanent Financing means financing (i) to acquire Assets, (ii) to pay the Secured Equipment Lease Servicing Fee, (iii) to pay a fee of 4.5% of any Permanent Financing, excluding amounts to fund Secured Equipment Leases, as Acquisition Fees, and (iv) refinance outstanding amounts on the Line of Credit.

Permanent Financing means long-term debt (with a term of no less than 15 years) including a mortgage or other financing evidenced by a lien against the property.

Permanent Financing means financing to acquire Assets, to pay a fee of up to 3.5% of any Permanent Financing or to pay Acquisition Fees.

Permanent Financing means the difference between total development costs and tax credit equity contributions.

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

Permanent Financing means senior unsecured notes or equity or equity-linked securities to be issued by the Borrower through a public offering or in a private placement or one or more senior bank credit facilities to be entered into by the Borrower, in each case, to refinance the Bridge Facility.

Permanent Financing means the sources of approved permanent financing as listed in the approved Financing Plan.