Permanent Lender definition

Permanent Lender means the maker of any Permanent Loan or beneficiary of any Permanent Loan Deed of Trust.

Permanent Lender means any lender to the Borrower with a Deed of Trust senior to the Deed of Trust securing the Loan.

Permanent Lender means the lender under the Permanent Loan.

Examples of Permanent Lender in a sentence

• If an Event of Default has occurred and is continuing, the entire unpaid principal balance, any accrued interest and all other amounts payable under this RRDP Note and any other RRDP Loan Document shall at once become due and payable, at the option of the Construction Lender during the Construction Loan Term and at the option of the Permanent Lender on and after the Conversion Date, without any prior notice to Borrower.

• The date that the Construction Note Lender is paid down with the proceeds of this RRDP Note from the Permanent Lender.

• Prior to the Maturity Date, payments of the Principal Balance on this RRDP Note shall be paid in full if the Property fails to be continuously maintained as a Qualified Project during the Affordability Period and a default is declared by the Permanent Lender that results in an acceleration of this RRDP Note.

• The RRDP Permanent Loan Agreement dated as of , 202) by and between the Borrower and the Louisiana Housing Corporation as Permanent Lender.

More Definitions of Permanent Lender

Permanent Lender means the Construction Lender or any other Lender providing permanent financing for the Apartment Complex who has been approved by the Special Limited Partner and the General Partner, except as otherwise provided in Section 3.2.

Permanent Lender means the United States Department of Agriculture, Rural Development, in its capacity as maker and holder of the Permanent First Mortgage and the Permanent Second Mortgage, together with its successors and assigns in such capacity.

Permanent Lender means the maker of the Permanent Loan.

Permanent Lender means California Community Reinvestment Corporation, a California nonprofit public benefit corporation.

Permanent Lender. Louisiana Housing Corporation (the “LHC”).

Permanent Lender means Massachusetts Mutual Life Insurance Company, a Massachusetts corporation, or its affiliate, acting through its investment advisor Barrings LLC, a Delaware limited liability company.

Permanent Lender means any lender to the Grantee with a Deed of Trust senior to the Deed of Trust securing the Grant.