Examples of Permanent Loan in a sentence

In the event, however, that the Borrower properly exercises its option to convert the Loan to a Permanent Loan in accordance with Article V, the Construction Phase shall end on the day immediately preceding the commencement of the Permanent Phase as provided in Section 5.3.
In order to exercise the option to convert the Loan to a Permanent Loan, the Borrower must provide the City with written notice of such election at least fifteen (15) days prior to the Construction Loan Maturity Date.
Provided all of the requirements and conditions set forth in Section 5.1 have been met and the Borrower has properly exercised the option to convert the Loan to a Permanent Loan in the manner and at a time permitted under Section 5.2, then the Permanent Phase shall commence on the Construction Loan Maturity Date.
Transfer of Servicing of Loans Pending for Permanent Loan Modification.
In the event that Borrower properly exercises its option to convert the Loan to a Permanent Loan in accordance with Article V of the Loan Agreement, the Construction Term shall end on the day immediately preceding the commencement of the Permanent Term as provided for in Section 5.3 of the Loan Agreement.

More Definitions of Permanent Loan

Permanent Loan means a loan to a museum for an indefinite

Permanent Loan has the meaning set forth in Section 1.1(d)(i).

Permanent Loan means the Source of Financing in the form of a permanent loan to be made to the Developer upon Completion, secured against the Property by the Permanent Loan Deed of Trust, if any.

Permanent Loan or "Loan" means a loan to a borrower under the Florida Home Ownership Assistance Program's Permanent Loan Program as more fully described in Rule Chapter 67-46, F.A.C.

Permanent Loan means a loan or loans taken out by the T1 Subsidiary to pay off the Construction Loan, or any replacements or refinancings thereof.

Permanent Loan means a repayable, amortizing loan, with a loan term of at least 15 years to the project or homebuyer, evidenced by a note and mortgage or deed of trust.

Permanent Loan means the Source of Financing in the form of a permanent loan to be made to the Developer at Conversion, secured against the Leasehold by the Permanent Loan Deed of Trust.