Permanent Phase means the permanent phase of the Project Loan, which time period shall commence on the Conversion Date and remain in effect through the remaining term of the Project Loan.
Permanent Phase has the meaning given to that term in the Construction Phase Financing Agreement.
Examples of Permanent Phase in a sentence
If the Notice of Conversion is issued in the timeframe required under the Forward Purchase Agreement, Conversion will occur on the Conversion Date indicated in such Notice of Conversion and, notwithstanding any other provision of this Funding Loan Agreement including without limitation all provisions of this Funding Loan Agreement relating to the Permanent Phase, the Permanent Loan Documents shall be executed, delivered and assigned to the Permanent Lender in accordance with the Forward Purchase Agreement.
More Definitions of Permanent Phase
Permanent Phase means the period of the Bond Mortgage Loan commencing on the Conversion Date and continuing through the maturity of the Bond Mortgage Loan.
Permanent Phase means the permanent phase of the applicable Fannie Mae Enhanced Loan commencing on the applicable Conversion Date.
Permanent Phase means the permanent phase of the Mortgage Loan commencing on the Conversion Date. “Permitted Encumbrances” means such liens, encumbrances, declarations, reservations, easements, rights-of-
Permanent Phase means the permanent phase of the Tax-Exempt Project Loan, which time period shall commence on the Conversion Date and remain in effect through the term of the Tax-Exempt Project Loan.
Permanent Phase means with respect to a Project the date on which amortization payments have commenced on the project loan and there shall have occurred (a) Completion of Construction, (b) Stabilization and (c) if required or provided for under the applicable bond documents, a Resizing of the applicable Tax-Exempt Bond.
Permanent Phase provided the requirements of Article V are met, the period of time from the commencement of the Permanent Phase as provided in Section 5.3.
Permanent Phase provided the requirements of Article V are met, the period of time from the commencement of the Permanent Phase as provided in Section 5.3.