Permanent Loan definition

Permanent Loan means any permanent loan provided by the Permanent Lender to the Partnership pursuant to the terms of the Permanent Loan Documents.

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Permanent Loan shall have the meaning assigned to that term in Section 2.16.1.

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.

Examples of Permanent Loan in a sentence

• Upon the occurrence of an Event of Default, Lender shall have the right, in addition to any other right or remedy of Lender, but not the obligation, in its own name or in the name of ▇▇▇▇▇▇▇▇, to enter into possession of the Property, to perform all work necessary to complete the construction of the Improvements substantially in accordance with the Plans, Governmental Requirements and the requirements of the Permanent Loan Commitment; and to employ watchmen and other safeguards to protect the Property.

• Borrower shall commence construction of the Improvements within thirty (30) days from the date hereof, unless consent of the Lender provides otherwise, and the construction of the Improvements shall be prosecuted with diligence and continuity, in a good and workmanlike manner, and in accordance with sound building and engineering practices, all applicable Governmental requirements, the Plans and the requirements of the Permanent Loan Commitment.

• The term “Permanent Loan Commitment” shall mean the commitment, if any, issued by Permanent Lender to Borrower to make a Permanent Loan secured by the Property or any commitment hereinafter issued for a Permanent Loan secured by the Property.

• The term “Permanent Lender” shall mean the party issuing a Permanent Loan Commitment which may hereinafter be issued.

• The term “Permanent Loan” shall mean a loan, if any, contemplated by the Permanent Loan Commitment.

More Definitions of Permanent Loan

Permanent Loan means a loan of property to a museum for an indefinite period.

Permanent Loan means a loan to a museum for an indefinite

Permanent Loan means a loan, if any, contemplated by the Permanent Loan Commitment.

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

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 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 loan from the Permanent Lender to the Borrower pursuant to the Permanent Loan Agreement.