Permanent Lender Sample Clauses
The 'Permanent Lender' clause defines the party or financial institution that will provide long-term financing for a project or property after any initial or interim loans have been repaid. Typically, this clause identifies the lender responsible for converting a construction or bridge loan into a permanent mortgage, outlining the terms under which this transition occurs. Its core practical function is to ensure clarity regarding who will hold the long-term loan, thereby facilitating a smooth transition from short-term to permanent financing and reducing uncertainty for all parties involved.
Permanent Lender. The term “Permanent Lender” shall mean the party issuing a Permanent Loan Commitment which may hereinafter be issued.
Permanent Lender. The Louisiana Housing Corporation.
Permanent Lender. Permanent Lender" means GMAC Commercial Mortgage Corporation, whose address is ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇.
Permanent Lender. Any Lender that provides permanent financing to Developer following completion of construction of the Project.
Permanent Lender. For purposes of Section 8.07 (Damage, Destruction or Condemnation) of the Redevelopment Agreement and the other terms and conditions set forth therein, Administrative Agent and Lender shall for all purposes be deemed to be an approved "Developer's permanent lender".