Permanent Financing Phase definition

Permanent Financing Phase means the period commencing upon the repayment of the construction loan and ending upon the repayment of the permanent loan.
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Permanent Financing Phase means the period of time beginning on the last to occur of each of the following: (a) Completion; (b) satisfaction on a timely basis of all construction and development requirements pursuant to the Mortgage Loan; and (c) commencement of regularly scheduled monthly debt service payments amortizing the principal balance of the Mortgage Loan.
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Examples of Permanent Financing Phase in a sentence

  • During the Permanent Financing Phase, the Committee shall accept the same insurance coverage as accepted by the Permanent Lender.

  • A borrower requesting the deferment of monthly payments of principal and interest during the Permanent Financing Phase or interest only payments during the Construction Phase of any loan shall be considered by the Committee.

  • At the conclusion of the Construction Phase, the outstanding principal balance will be automatically converted to the Permanent Financing Phase at the adjustable interest rate previously chosen by the Member.

  • The Permanent Financing Phase shall not exceed twenty-five (25) years.

  • Continuous enrollment is a normal expectation of graduate degree and credential students, for sound academic reasons including assurance of currency in the field and integration of knowledge at a sophisticated level.

  • At the conclusion of the Construction Phase, the outstanding principal balance will be automatically converted to the Permanent Financing Phase at the adjustable interest rate previously chosen by the member.

  • The Member will be invoiced for accrued interest due at the end of each calendar month during the Construction Phase, the amount of which is due upon receipt.o At the conclusion of the Construction Phase, the outstanding principal balance will be automatically converted to the Permanent Financing Phase at the adjustable interest rate previously chosen by the Member.• Amortizing Loans: WatersEdge will make fully amortizing loans for acquisition of property and buildings and other ministry-related purposes.

Related to Permanent Financing Phase

  • 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.

  • Project financing gap means the part of the total project cost,

  • Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Exit Financing means the financing under the Exit Facility.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Large work place means a place at which, at an average 500 or more workers are employed in connection with construction work.

  • Net Financing Proceeds means the cash proceeds received by the Partnership in connection with any borrowing or refinancing of borrowing by or on behalf of the Partnership or by or on behalf of any Property Partnership (whether or not secured), after deduction of all costs and expenses incurred by the Partnership or the Property Partnership in connection with such borrowing, and after deduction of that portion of such proceeds used to repay any other indebtedness of the Partnership or Property Partnerships, or any interest or premium thereon.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Permanent Closure means ceasing operation of all or any part of the facility with the intent that the animal holding area(s) and/or manure storage area(s) will no longer be used for that purpose.

  • Total Facility has the meaning specified in Section 1.1.

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Permanent sign means any structure, display, logo, device or representation which is designed or used to advertise or call attention to any item, business, activity or place and is visible from outside a building that is intended to be in place for a period that is longer than 30 days. [Amended Eff. 11/10/2007]

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Financing Period means the number of calendar days from, but excluding, the immediately preceding Reset Date to, and including, the current Reset Date.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • Sub-acute facility means a facility that provides intermediate care on short-term or long-term basis.

  • Additional Financing means the sale by the Company of additional Units as contemplated by the registration statement on Form SB-2 filed by the Company with the SEC on September 13, 2006, as amended from time to time thereafter.

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.