Common use of Loan Commitment Amount Clause in Contracts

Loan Commitment Amount. As of the Closing Date, Lender commits to disburse Loan principal in the total amount of the Loan (“Loan Commitment Amount”). After the Closing Date, the Loan Commitment Amount will equal the principal amount of the Loan less the total amount of Disbursements made to date. Any Loan Commitment Amount that remains after all Disbursements have been made will be credited as a partial prepayment of the principal amount of the Loan at the time of the final Disbursement.

Loan Commitment Amount. As of the Closing Date, Lender Xxxxxx commits to disburse Loan principal in the total amount of the Loan (“Loan Commitment Amount”). After the Closing Date, the Loan Commitment Amount will equal the principal amount of the Loan less the total amount of Disbursements made to date. Any Loan Commitment Amount that remains after all Disbursements have been made will be credited as a partial prepayment of the principal amount of the Loan at the time of the final Disbursement.

Loan Commitment Amount. As of the Closing Datedate of the closing of the Loan, Lender commits to disburse Loan principal in the total amount of the Loan (“Loan Commitment Amount”). After the Closing Datedate of the closing of the Loan, the Loan Commitment Amount will equal the principal amount of the Loan less the total amount of Disbursements Advances made to date. Any If, at any time, the Loan Commitment Amount that remains after all Disbursements have been made is not enough to pay the amount scheduled for any Advance, Borrower will be credited as a partial prepayment of pay the principal amount of the Loan at the time of the final Disbursementdifference from Borrower’s own funds.