Permanent Loan Amount definition

Permanent Loan Amount means the maximum permanent loan amount of the Bonds after the Conversion Date of $[Max Per Amount], or such other amount as described in the Construction Loan and Permanent Loan Agreement and in the Forward Bond Purchase Agreement.

Permanent Loan Amount means the maximum principal sum in the amount of and No/100 Dollars ($ ); provided however, that, at Conversion, the Loan shall not exceed % of CCRC’s appraised restricted value at stabilized occupancy, and % of CCRC’s appraised Decontrol Value at stabilized occupancy, and the Loan shall have a minimum to 1.00 DSCR for not less than ninety (90) consecutive days immediately prior to Conversion based upon CCRC’s underwriting guidelines.

Permanent Loan Amount means the actual funded amount of the Loan. "SPOT SWAP SPREAD" means, at the time of calculation, the then prevailing offer side swap spread for EffTerm~ year interest rate swaps. "SPOT SWAP RATE" means, at the time of calculation, the then prevailing bid rate on a EffTerm~ year interest rate swap versus 3 month LIBOR. EXHIBIT D OFFICER'S CERTIFICATE ________________________________ ________________________________ ________________________________ ________________________________ ________________________________ Re: Loan Agreement as of June ____, 1998 (together with amendments, if any, the "Loan Agreement") between Nomura Asset Capital Corporation, as Lender, and ___________________________________ as Borrowers ("Borrower") The undersigned officer of , does hereby certify on behalf of Borrower that for the monthly financial period ending _______________.

Examples of Permanent Loan Amount in a sentence

• The Trustee shall establish and maintain a separate fund to be known as the “Construction Loan Repayment Fund.” On or before the Conversion Date, the Permanent Lender shall cause the Permanent Loan Amount as set forth in the Conversion Notice to be deposited in the Construction Loan Repayment Fund.

• The Bonds shall be subject to mandatory redemption in part on the Conversion Date in an amount equal to the difference between (i) principal amount of the Bonds then Outstanding, and (ii) the Permanent Loan Amount, as provided in Section 3.03 hereof.

• Total Units are inclusive of one superintendent unit Expected Permanent Loan Amount: $14,385,000* Expected HDC Subordinate Mortgage: $1,550,000* Owner: Maria Lopez, L.P., the beneficial owner, whose principals are Maurice “Mo” Vaughn, Eugene Schneur, Scott Kotick, Shawn Horowitz, and Robert Bennett and Maria Lopez Housing Development Fund Company, Inc., the fee owner, whose board of directors consists of Eugene Schneur, Rob Bennett, and Shawn Horwitz.

• Upon extension of the Mandatory Conversion Date to the First Extended Mandatory Conversion Date pursuant to this Section 3.6, the date upon which the required pay down of the Note to reduce the Note to the Permanent Loan Amount must occur shall be extended to the date of the First Extended Mandatory Conversion Date, and the maturity date of the Note shall be unaffected.

• The ADOH will analyze (i) if the interest rate is comparable to the market (ii) the origination and loan fees are equivalent to 2% of the Permanent Loan Amount.

More Definitions of Permanent Loan Amount

Permanent Loan Amount means the greater of (x) the amount required to pay in full the outstanding principal amount of and all interest and other amounts then due under the Construction Loan and the expenses of obtaining and closing the Permanent Loan and (y) an amount not in excess of eighty percent (80%) of the value of the leasehold estate created hereunder (assuming the leasehold estate is not encumbered by any outstanding financing) at the time the Permanent Loan is funded, as established by an appraisal approved by the Recognized Mortgagee holding the Permanent Mortgage.

Permanent Loan Amount means the maximum aggregate principal sum in the amount of and No/100 Dollars ($ .00), as may be adjusted pursuant to the terms of Section 6.1; provided however, that, at Conversion, the Loan shall not exceed % of Lender’s appraised restricted value at stabilized occupancy and % of Lender's appraised Decontrol Value at stabilized occupancy, and the Loan shall have a minimum DSCR for thirty (30) consecutive days immediately prior to Conversion based upon Lender’s underwriting guidelines.

Permanent Loan Amount means the actual funded amount of the Loan.

Permanent Loan Amount means a loan of up to $[17,410,000].

Permanent Loan Amount means the amount of the Permanent Loan, as set forth in the Conversion Notice provided by the Permanent Lender on the Conversion Date.

Permanent Loan Amount means $[ ].

Permanent Loan Amount means $25,600,000.