Common use of Commitment as a Lender Clause in Contracts

Commitment as a Lender. BOFA agrees to maintain at all times a Commitment of at least 10 percent of the Aggregate Commitment so long as BOFA remains as Agent; provided, that the foregoing agreement of BOFA shall not apply at any time following a Monetary Default or Event of Default (irrespective of whether such Monetary Default or Event of Default subsequently is waived).

Appears in 1 contract

Sources: Revolving Credit Agreement (LNR Property Corp)

Commitment as a Lender. BOFA agrees to maintain at all times a Commitment of at least 10 50 percent of the Aggregate Commitment so long as BOFA remains as Administrative Agent; provided, that the foregoing agreement of BOFA shall not apply at any time following a Monetary Default or Event of Default (irrespective of whether such Monetary Default or Event of Default subsequently is waived).

Appears in 1 contract

Sources: Unsecured Revolving Credit Agreement (Great Lakes Reit Inc)

Commitment as a Lender. BOFA agrees to maintain at all times a Commitment of equal to at least 10 percent of the Aggregate Commitment $20,000,000 so long as BOFA remains as Administrative Agent; provided, that the foregoing agreement of BOFA shall not apply at any time following a Monetary Default or Event of Default (irrespective of whether such Monetary Default or Event of Default subsequently is waived).

Appears in 1 contract

Sources: Unsecured Revolving Credit Agreement (Great Lakes Reit Inc)