Lender Commitments Clause Samples
The Lender Commitments clause defines the obligations and promises made by the lender to provide a specified amount of funds under agreed terms. It typically outlines the maximum amount the lender is willing to advance, the conditions that must be met before funds are disbursed, and any timeframes or limitations on the availability of the commitment. This clause ensures that both parties have a clear understanding of the lender's financial commitment, reducing uncertainty and providing assurance to the borrower that funds will be available as needed, provided all conditions are satisfied.
POPULAR SAMPLE Copied 1 times
Lender Commitments. Effective upon Closing, Schedule “G” to the Credit Agreement (which for certainty is attached as Appendix 1) is hereby replaced by the Schedule “G” attached to this Amending Agreement as Appendix 2.
Lender Commitments. The Administrative Agent shall have received proceeds of the Commitments of the Lenders for such Advance (it being understood that this condition is for the sole benefit of the Administrative Agent and may not be relied upon by any Lender as a condition to such Lender’s obligation to fund its pro rata share of the Advance).
Lender Commitments. Lender Commitments of Lender Applicable Percentage
Lender Commitments. Administrative Agent shall have received in cash the amount of each Lender’s respective Commitment of the Facility. Without limiting the generality of the provisions of the last paragraph of Section 10.03, for purposes of determining compliance with the conditions specified in this Section, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.
Lender Commitments. 9.1 To issue loans to the Borrower as stipulated under the Contract.
9.2 To keep confidential non-public materials and information provided by the Borrower, unless laws and regulations require otherwise or the Contract stipulates otherwise.
Lender Commitments. Revolving Commitment Amount Pro Rata Share ----------------- --------------
Lender Commitments. Revolving Commitment Amount Pro Rata Share --------------------------- -------------- Union Bank of California, N.A. $12,500,000 50% U.S. Bank National Association $12,500,000 50% =========== === Total: 25,000,000 100%
Lender Commitments. Lender Commitment ------ ---------- U.S. Bank National Association $75,000,000 Guaranty Bank $65,000,000 Residential Funding Corporation $65,000,000 CDC Mortgage Capital Inc. $35,000,000 Washington Mutual Bank, FA $25,000,000* * Effective July 31, 2001, the Commitment of Washington Mutual Bank, FA shall be reduced to $0. SCHEDULE 2.01(j) EFFECTIVE DATE FEE PERCENTAGES Original Commitment Amount Effective Date Fee Percentage -------------------------- ----------------------------- $65,000,000 or greater 0.15% $45,000,000 or greater but less than $65,000,000 0.10% $25,000,000 or greater but less than $45,000,000 0.05% Less than $25,000,000 0.00% SCHEDULE 3.01
Lender Commitments. Subject to and upon the terms and conditions set forth in Section 3 for the benefit of Lenders, each Lender agrees to make multiple, non-revolving loans to Lessor during the Commitment Period in an aggregate principal amount up to the amount of its Lender Commitment (each such advance, a "Loan"). The aggregate of all Loans to be made by Lenders on each Funding Date shall be in an amount of at least $4,850,000 (except the last Loans funded prior to the termination of the Commitment Period, which Loans shall not be subject to a minimum) and shall be equal to 97 percent of the total Acquisition Costs funded on such date. Each party hereto agrees that, except as provided below, no Lender shall be required to make any Loan hereunder in an amount in excess of its Pro Rata Share of the Debt Components to be funded on any Funding Date. Each Lender's obligation hereunder is several, such that the failure of any Lender to make a Loan or satisfy any other obligation shall not relieve any other Lender of its obligations hereunder, and if any Lender shall fail to make a Loan hereunder each other Lender shall make an additional Loan in an amount equal to its Pro Rata Share of the Loan that was to have been made by the defaulting Lender, provided that the maximum aggregate amount of Loans that any Lender shall be obligated to make shall not exceed its Lender Commitment. Any Loan made by another Lender of a portion of a Loan to have been made by a defaulting Lender shall not relieve such defaulting Lender of its obligations hereunder. If the conditions to the obligations of any Lender specified in Section 3.2 have not been fulfilled or waived by it on or before the last day of the Commitment Period, such Lender shall be relieved of all further obligations to make new Loans under the Operative Documents after the last day of the Commitment Period. Nothing in this Section 4.2 shall operate to relieve Lessor, Lessee or Guarantor from their respective obligations under the Operative Documents or to waive any Lender's rights against Lessor, Lessee or Guarantor.
Lender Commitments. Buyer shall deliver to Seller a copy of the proposed lender's approval of the proposed financing.