Permanent Loan Period definition

Permanent Loan Period means the period from and including the Amortization Commencement Date to the Maturity Date, during which Borrower shall repay the outstanding Principal Amount, with interest, as set forth below.
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Permanent Loan Period means the period beginning on the first day after the expiration of the Construction Loan Period and ending on the Maturity Date (as defined in the Note).
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Permanent Loan Period and “Permanent Loan Term” mean the period from the Conversion Date through the maturity date of the Note.
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Examples of Permanent Loan Period in a sentence

  • The outstanding principal balance and any deferred and accrued interest is due and payable on the last day of the HOME Permanent Loan Period.

  • No regular interest will be charged on the HOME Loan, but during the HOME Permanent Loan Period, the City will receive a portion of the funds available to pay principal and contingent interest calculated in accordance with the CDA program requirements and applicable loan documents.

  • No payment on the HOME Loan will be required during construction, but during the HOME Permanent Loan Period, principal and contingent interest will be due and payable in accordance with the CDA program requirements and applicable loan documents.

  • After the end of the RHP Construction Period, the RHP Loan will convert to a permanent loan with a term of 40 years (RHP Permanent Loan Period).

  • The Permanent Loan Period for each Buyer Loan will not exceed ten years commencing on the date of purchase of each unit.

  • Section 2.06A of the Credit Agreement is hereby amended by adding the following additional paragraph at the end of the Section numbered or intended to be numbered 2.06.IA (Payment): Notwithstanding the payment terms set forth above in this Section, the Lenders agree to a suspension of any scheduled principal payments which are required in this Section on the Mortgage Loans during the Deferment Period, to the extent the Permanent Loan Period has begun.

  • Permanent Loan Period The permanent loan phase will be characterized by, among other things, the presence of a first dollar loss risk-sharing partner, HUD/FHA.

  • No regular interest will be charged on the HOME Loan, but during the HOME Permanent Loan Period, the City will receive at least 8.6% of the funds available to pay principal and contingent interest calculated in accordance with the CDA program requirements and applicable loan documents.

  • Following construction completion, the HOME Loan will have a 40 year permanent loan period (the HOME Permanent Loan Period).

  • No regular interest will be charged on the RHP Loan but during the RHP Permanent Loan Period, principal and contingent interest will be due and payable from available cash flow in accordance with the CDA program requirements and applicable loan documents.


More Definitions of Permanent Loan Period

Permanent Loan Period means the period from and including the Conversion Date to the Maturity Date, during which Borrower will repay the outstanding Principal Sum, with interest, as set forth below.
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Permanent Loan Period means, with respect to the 2004 Note, the 20-year loan period extending from the Scheduled Completion Date through September 1, 2025.
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Permanent Loan Period means the period from and including the Amortization Commencement Date to the Maturity Date, during which Borrower shall repay the outstanding Principal Sum, with interest, as set forth below. "Principal Amount" shall mean Two Million and 00/100 Dollars ($2,000,000.00).
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Permanent Loan Period means the period from and including the Amortization Commencement Date to the Mortgage Loan Maturity Date, during which the Mortgage Loan Borrower shall repay the outstanding principal amount of the Mortgage Loans, with interest as set forth in this Agreement.
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Permanent Loan Period means that provided the Conversion Conditions have been satisfied, the permanent portion of the loan shall commence on the Conversion Date and mature one hundred ninety two(192) months after the Closing.
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Permanent Loan Period means the period commencing on the first day after the end of the Construction Loan Period and ending on the earlier of (i) the Maturity Date; or (ii) the date all obligations under the Loan have been satisfied.
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Related to Permanent Loan Period

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

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the Facility Repayment Date.

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Delayed Draw Term Loan Commitment means the commitment of each Lender to make Delayed Draw Term Loans on each Delayed Draw Funding Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Delayed Draw Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • Term Loan Commitment Amount means, as to any Lender, the term loan commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.2(c) (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 17.3(c) or (d), the term loan commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement), as the same may be adjusted upon any assignment by or to such Lender pursuant to Section 17.3(c) or (d).

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

  • Aggregate Revolving Loan Commitment means the combined Revolving Loan Commitments of the Lenders, which shall initially be in the amount of $20,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

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

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.