Limitation on Commitments Sample Clauses
A Limitation on Commitments clause restricts the amount or type of obligations that a party, typically a lender or investor, is required to undertake under an agreement. In practice, this clause may set a maximum cap on the total funds to be provided, limit the number of transactions, or specify conditions under which additional commitments are not required. Its core function is to protect the committing party from being obligated beyond agreed-upon limits, thereby managing financial exposure and ensuring predictability in contractual obligations.
Limitation on Commitments. Notwithstanding any provision of any Operative Agreement to the contrary, the Property may not be financed under the Operative Agreements until such time as sufficient commitments therefor have been approved by each Financing Party in its sole discretion.
Limitation on Commitments. Schedule 1 of the Credit Agreement ------------------------- shall be amended by deleting it in its entirety and replacing it with Schedule 1 annexed hereto as Annex A.