Permanent Term definition

Permanent Term means a permanent term for the Loan running from the Permanent Term Commencement Date through the Maturity Date.
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Permanent Term means the term commencing on the Conversion Date and ending on the Permanent Term Maturity Date.
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Permanent Term means the term commencing on the earlier of (i) the Conversion Date or (ii) the Amortization Commencement Date, and ending fifteen (15) years thereafter; provided, the Permanent Term shall end not later than the Maturity Date.
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Examples of Permanent Term in a sentence

  • In the event Borrower fails to pay any monthly installment due during the Permanent Term within fifteen (15) days after the same shall become due, the City may impose a late payment charge upon the Borrower of six (6%) percent of the amount of such payment.

  • In the event that Borrower properly exercises its option to convert the Loan to a Permanent Loan in accordance with Article V of the Loan Agreement, the Construction Term shall end on the day immediately preceding the commencement of the Permanent Term as provided for in Section 5.3 of the Loan Agreement.

  • In the event Borrower fails to pay any installment due during the Permanent Term within fifteen (15) days after the same shall become due, the City may impose a late payment charge upon the Borrower of five (5) percent of the amount of such payment.

  • The first six (6) months worked by a Permanent, Term, or Temporary Employee shall be a Probationary Period.

  • In the event Borrower fails to pay any installment due during the Permanent Term within fifteen (15) days after the same shall become due, the City may impose a late payment charge upon the Borrower of five (5) percent of theamount of such payment.

  • The Permanent Term shall mean the period of time from the commencement of the Permanent Term as provided for in Section 5.3 of the Loan Agreement and expiring up to 45 years thereafter, but in no event later than the last day of September, 2059, (the "Permanent Term Maturity Date").

  • Beginning with the Permanent Term and ending at the end of thirty (30) years, Borrower shall pay to City forty- six and fourteen hundredths percent (46.14%) times sixty percent (60%) of the Cash Flow Available for Subordinate Debt for Cash Flow up to $150,000 per annum and forty-six and fourteen hundredths percent (46.14%) times seventy five-percent (75%) of any Cash Flow Available in excess of $150,000.

  • Upon Frontline’s receipt of payment from Licensee [sic] of the applicable Fee for a single-Use [sic] license (‘Standalone License’), Licensee may Use the Software for a Permanent Term on one computer (the ‘PC’), and Frontline will provide Licensee with a license code enabling such Use.

  • Beginning with the Permanent Term and ending at the end of twenty (20) years, Borrower shall pay to City nineteen and forty eight hundredths percent (19.48%) times one hundred percent (100%) of the Cash Flow available for subordinate debt from Cash Flow.

  • The Permanent Term shall mean the period of time from the commencement of the Permanent Term as provided for in Section 5.3 of the Loan Agreement and expiring up to 40 years thereafter, but in no event later than the last day of November, 2057, (the "Permanent Term Maturity Date").


More Definitions of Permanent Term

Permanent Term means the period beginning on the Conversion Date and ending on the date that is fifty-five (55) years after the Conversion Date.
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Permanent Term means the period of time from the Conversion Date through the Maturity Date.
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Permanent Term means the period beginning with the period beginning on the Qualified Project Period and ending on the date that is fifty-five (55) years after the beginning of the Qualified Project Period.
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Permanent Term is a time period commencing on [insert start date] and ending on [insert end date].
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Permanent Term shall have the meaning set forth in Section 3.1 hereof.
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Related to Permanent Term

  • Agreement Term has the meaning set forth in Section 11.1.

  • Employment Term has the meaning specified in Section 2.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Term of Employment means the period specified in Section 2 below.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Investment Term : means the period from the Investment Start Date to maturity.

  • Employment Period has the meaning set forth in Section 2.01.

  • Event Termination Date See Section 2(e) hereof.

  • Permanent total disability means incapacity because of accidental injury or occupational disease to earn any wages in any employment for which the employee may become physically suited and reasonably fitted by education, training or experience, including vocational rehabilitation; loss of both hands, or both feet, or both legs, or both eyes, or any two thereof, shall constitute permanent total disability;

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Permanent Works means the permanent works to be executed by the Contractor under the Contract.

  • Agreement Termination Date is defined in Section 7.4.

  • Permanent and Total Disability means any medically determinable physical or mental impairment rendering an individual unable to engage in any substantial gainful activity, which disability can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.

  • Permanent partial disability means a permanent disability

  • Payment Term means the length of time for payment of a Deferred Annual Award under Section 4.2.

  • Permanent residence means a place where the person abides, lodges, or resides for 5 or more consecutive days.

  • Permanent Work means the permanent works including equipment to be supplied, executed, erected and maintained in accordance with the Contract.

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • 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

  • Initial Term has the meaning set forth in Section 7.1.

  • Service & Term XOOM Energy Ohio, LLC (“XOOM” or “Company”) agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The Term of this Agreement will begin on the next available meter read date after processing of the request by XOOM and your gas utility, and will continue for the Contract Term as set forth in the accompanying Contract Summary, which is incorporated into this Agreement. Acceptance into the Program:These terms and conditions are subject to your acceptance into the program by both XOOM and your local utility. You will be promptly notified if you are not accepted into the program. Switching fees may apply to you under your local utility’s tariff if you are accepted into the program by both XOOM and your local utility.