Permanent Loan Commitment definition

Permanent Loan Commitment means a commitment for permanent, long-term financing of the Project and the Existing Facility to be obtained by the Borrower from a long-term commercial mortgage lender on terms reasonably satisfactory to the Borrower.
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Permanent Loan Commitment means the obligation of the Lender, on the Permanent Loan Closing Date, to make a term loan to the Borrower in the principal amount of $19,000,000.00.
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Permanent Loan Commitment means Xxxxxx’s commitment to Borrower dated ______________.
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Examples of Permanent Loan Commitment in a sentence

  • Moreover, we consider the original Eq. (3), that means that many quantum-confinement subbands are taken into account.

  • Borrower shall promptly provide Funding Lender with copies of all notices of default or potential default delivered or received and notices of any material adverse event that constitutes (or following the giving of notice or passage of time or both, would constitute) a default or event of default under the Permanent Loan Commitment, whether such event is declared a default or an event of default or is waived by Permanent Lender.

  • HOME/NHTF Permanent Loan Commitment Fee0.00% HOME/NHTF Deferred Permanent Loan Interest Rate1.00%USDA loans-Principal due in full at the end of maturity date; Non-USDA loans-Deferred accrued interest due from cash flowLoan Extension Fee$250 per dayDue at or prior to permanent closing and may not be paid from Loan Proceeds, Equity, or operating fundsAdministration FeesWaiver Request Fee (per each item from DSHA’s Design and Construction / Rehabilitation Standards or Underwriting Guidelines).

  • The Permanent Loan Commitment and HHH Loan Commitment each remains in full force and effect and no breach or default on the part of the Borrower thereunder has occurred and is continuing.

  • Borrower shall not consent to any amendment or waiver of any term or provision of the Permanent Loan Commitment or permit any departure therefrom by Permanent Lender without the prior written consent of Funding Lender in Funding Lender’s sole and absolute discretion.

  • In September 2007, the parties entered into a Permanent Loan Commitment (the “Commitment”), which is governed by Virginia law.

  • Borrower shall timely perform and comply with, and shall keep in full force and effect, the Permanent Loan Commitment and the HHH Loan Commitment, without default, at all times until the repayment in full of the Borrower Payment Obligations.

  • The occurrence of any breach or default by Borrower under the Permanent Loan Commitment shall constitute an Event of Default hereunder.

  • Applicant provided SMG a list of Credit Enhancement/Cost of Issuance Fees of $540,000 not including Construction Loan/LOC and Permanent Loan Commitment Fees.

  • A MESSAGE FROM THE CHIEF CONSTABLE Dear Applicant Thank you for your interest in the Assistant Chief Constable opportunity within West Midlands Police.


More Definitions of Permanent Loan Commitment

Permanent Loan Commitment means the commitment letter dated as of November, 2018, issued by Freddie Mac to Wells Fargo and the Borrower, setting forth the terms and conditions for the conversion of the Construction Loan to the Permanent Loan for Carlin Development Project.
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Permanent Loan Commitment means (i) the commitment from the County to provide permanent loan financing for the Project of up to $[8,760,000] to Borrower and
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Permanent Loan Commitment means the commitment for permanent financing from the Permanent Lender dated April 26, 1996.
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Permanent Loan Commitment means, with respect to any Construction Property, an agreement, if any, between the Borrower (or a Subsidiary Borrower, if applicable) and a financial institution or investor acceptable to the Agent, providing for the purchase or take-out or long-term financing of such Construction Property upon terms and conditions reasonably acceptable to the Agent. If there is no Permanent Loan Commitment in effect at the time of funding the initial Construction Advances for a Construction Property, then the provisions of this Agreement pertaining thereto shall become effective at such time as there is an effective Permanent Loan Commitment relating to such Construction Property.
Sample 1
Permanent Loan Commitment means the commitment letter dated as of November , 2018, issued by Xxxxxxx Mac to Xxxxx Fargo and the Borrower, setting forth the terms and conditions for the conversion of the Construction Loan to the Permanent Loan for Xxxxxx Development Project.
Sample 1

Related to Permanent Loan Commitment

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $62,680,000, as such amount may be reduced or increased from time to time pursuant to this Agreement.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Total Term Loan Commitment means, at any time, the sum of the Term Loan Commitments of each of the Lenders at such time.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.