Extract to table

1 — Definitions As used in this Agreement, the following capitalized terms shall have the meanings set forth below

1 shall have the meanings assigned to them elsewhere in this Agreement or in the other Loan Documents

"Interest Period" means each calendar month during the Construction Period, with each Interest Period commencing on the first day of such calendar month and ending on the last day of such calendar month; provided that the initial Interest Period shall commence on the Closing Date and end on the last day of the calendar month in which the Closing Date occurs

"Maturity Date" means the date that is seven (7) years following the Conversion Date; provided, however, that if such date is not a Business Day, the Maturity Date shall be the immediately preceding Business Day

"Outside Completion Date" means September 30, 2025, being the date by which Substantial Completion must be achieved, subject to any extension of the Construction Period granted in accordance with Section 2

25% or 225 bps), which rate shall be fixed for the remainder of the term of the Permanent Loan