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

  • During the Permanent Loan Period, principal and accrued interest will be payable as provided in the Note.


More Definitions of Permanent Loan Period

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, 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 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 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 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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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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Related to Permanent Loan Period

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date or the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan and ending 1, 2, 3 or 6 months thereafter as selected by the Company 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).]

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

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

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