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.

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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 80% of CCRC’s appraised Section 8 market value at stabilized occupancy, and the Loan shall have a minimum 1.15 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 Permanent Phase Loan Amount determined in accordance with the Fannie Mae Commitment.

Examples of Permanent Loan Amount in a sentence

This sale is contingent upon Buyer qualifying for Interim Loan Permanent First Loan Permanent First Loan and Permanent Loan Amount: $ Interim Loan Amount: $ Term of Loan: Conventional Fixed Rate Conventional Adjustable Rate Other INTEREST RATE: The interest rate must not exceed % as an annual rate for a fixed rate or an initial rate for an adjustable rate loan.
On or before the Funding Date the Permanent Lender shall cause the Permanent Loan Amount as set forth in the Funding Notice to be deposited in the Construction Loan Repayment Fund.
The amount of the Funding Loan and the Borrower Loan will be reduced on or before the Conversion Date to the Permanent Period Amount (as calculated in accordance with the Construction Funding Agreement), or such greater amount as may be approved by the Funding Lender, provided that any such increase (a) shall not exceed 120% of the Expected Permanent Loan Amount, and (b) shall be accompanied by a No Adverse Tax Effect Opinion of Tax Counsel.
Upon extension of the First Extended Mandatory Conversion Date pursuant to this Section 3.7, 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 Second Extended Mandatory Conversion Date, and the maturity date of the Note shall be unaffected.
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.

More Definitions of Permanent Loan Amount

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

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. The Permanent Loan shall be made in an amount no less than $50,000,000, and shall be collateralized by a pool of Properties such that the DSCR on the Permanent Loan is no less than 1.40:1, based upon Capital America's determination of UNOI (as defined below) and a debt service constant equal to the greater of (a) the actual constant using a 25 year amortization and (b) 10.48%, and subject to a loan to value not to exceed 65% based upon an MAI appraisal approved by Capital America. Actual Loan proceeds are also dependent upon prevailing interest rates at the closing of the Loan (unless Borrower Sponsor has entered into Capital America's standard Rate Lock Agreement, as described above under "Interest Rate Protection").

Permanent Loan Amount means $[ ].

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

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 _______________.

Permanent Loan Amount means the maximum aggregate principal sum in the amount of