Common use of Banks’ Commitment Clause in Contracts

Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the sum of $20,000,000.

Appears in 1 contract

Samples: Loan Agreement by And (Church Loans & Investments Trust)

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Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the sum lesser of $20,000,00035,000,000 or the Maximum Loan Limit as defined herein.

Appears in 1 contract

Samples: Loan Agreement (Church Loans & Investments Trust)

Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the sum lesser of $20,000,00060,000,000 or the Maximum Loan Limit as defined herein.

Appears in 1 contract

Samples: Loan Agreement (Church Loans & Investments Trust)

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Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the sum lesser of $20,000,00049,000,000 or the Maximum Loan Limit as defined herein.

Appears in 1 contract

Samples: Loan Agreement (Church Loans & Investments Trust)

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