Permanent Period definition

Permanent Period means the period of time from the Conversion Date to the Maturity Date (as defined in the Funding Loan Agreement).
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Permanent Period means the period of time commencing upon the repayment of the Construction Loan and the funding of the Permanent Loan/conversion of the Senior Loan from its construction period to its permanent period].
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Permanent Period means (a) with respect to the PDC Senior Loan, the period commencing on the date of the Construction Period Expiration Date or the Extended Construction Period Expiration Date, as applicable, for the PDC Senior Loan and ending on the twentieth (20) anniversary thereof and (b) with respect to the Real Estate Loan, the period commencing on the date of the Construction Period Expiration Date or the Extended Construction Period Expiration Date, as applicable, for the Real Estate Loan and ending on the twentieth (20) anniversary thereof.
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Examples of Permanent Period in a sentence

  • If and to the extent that the Permanent Period Amount is greater than the principal amount of the Borrower Loan which has previously been disbursed to Borrower, Funding Lender shall deliver Written Notice thereof to Borrower on or before the Conversion Date.

  • If and to the extent that the Permanent Period Amount is greater than the principal amount of the Borrower Loan which has previously been disbursed to Borrower, Funding Lender shall deliver Written Notice thereof to Borrower (with a copy to the Governmental Lender) on or before the Conversion Date.

  • The Funding Lender’s calculation of the Permanent Period Amount and any amendments to the amortization of the Borrower Loan shall be, in the absence of manifest error, conclusive and binding on all parties.

  • Within ten (10) business days after delivery of such notice, but in no event later than the Outside Conversion Date, Funding Lender shall disburse Borrower Loan proceeds to Borrower so that the aggregate principal amount of the Borrower Loan disbursed equals the Permanent Period Amount.

  • Following satisfaction of all of the Conditions to Conversion, the Funding Lender shall deliver Written Notice to the Borrower, the Governmental Lender and the Fiscal Agent of: (i) the Conversion Date, (ii) the amount of the Permanent Period Amount, (iii) any required prepayment of the Borrower Note (as described below in Section 3.3) and (iv) any amendments to the amortization schedule, as applicable.

  • Permanent Financing Sources Notes to the Permanent Period Sources of Funds:1.

  • Permanent Financing Sources Notes to the Permanent Period Sources of Funds: 1.

  • Any Borrower Loan proceeds previously disbursed to the Borrower in excess of the Permanent Period Amount shall be paid by the Borrower to the Fiscal Agent for the account of the Funding Lender.

  • Following satisfaction of all of the Conditions to Conversion, Funding Lender shall deliver Written Notice to Borrower (with a copy to the Governmental Lender and the Fiscal Agent) of: (i) the Conversion Date, (ii) the amount of the Permanent Period Amount, (iii) any required prepayment of the Borrower Notes (as described below in Section 3.3) and (iv) any amendments to the amortization schedule, as applicable.

  • Within ten (10) business days after delivery of such notice, but in no event later than the Outside Conversion Date, Funding Lender shall advance to the Fiscal Agent, for deposit by the Fiscal Agent to the Note Proceeds Account of the Project Fund under the Funding Loan Agreement, Funding Loan proceeds so that the aggregate principal amount of the Funding Loan and of the Borrower Loan disbursed equals the Permanent Period Amount.


More Definitions of Permanent Period

Permanent Period means the period commencing on the Conversion Date and ending on the Maturity Date.
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Permanent Period means the period of time commencing on August 20, 2005 and ending on the Maturity Date.
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Permanent Period means the period commencing on the Conversion Date and ending on the Maturity Date.
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Related to Permanent Period

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • Permanent Total Disablement means a bodily injury caused by accidental, external, violent and visible means, which as a direct consequence thereof totally disables and prevents the insured from attending to any business or occupation of any and every kind or if he/she has no business or occupation, from attending to his/her usual and normal duties that last for a continuous period of twelve calendar months from the date of the accident, with no hopes of improvement in future

  • Termination Date The scheduled Agreement “termination date” shall be the last day of the month of the month of the Original Solicitation’s Anticipated Award Date plus three years. Example: If the original term is approximately three years, and the solicitation provides an anticipated award date of May 22, 2020, the expiration date of the original three-year term shall be May 31, 2023. Extensions: Any extensions of the original term shall begin on the next day after the day the original term expires. Example Following the Previous Example: If TIPS offers a one-year extension, the expiration of the extended term shall be May 31, 2024. TIPS may offer to extend Vendor Agreements to the fullest extent the original Solicitation permits.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.