Total DSR Loan Commitment Sample Clauses
The Total DSR Loan Commitment clause defines the maximum aggregate amount that a lender is obligated to provide to a borrower under a Debt Service Reserve (DSR) loan facility. This clause typically specifies the total cap on funds available, ensuring that the borrower cannot draw more than the agreed-upon limit, regardless of the number or timing of individual drawdowns. By establishing a clear ceiling on the lender’s financial exposure, the clause provides certainty for both parties and helps manage credit risk throughout the life of the loan agreement.
Total DSR Loan Commitment. Notwithstanding anything that may be construed to the contrary in this Agreement, the aggregate principal amount of the DSR Loans and LC Loans made by the DSR Lenders plus the outstanding DSR LC Exposure at any time shall not exceed $10,000,000, as such amount may be reduced by the Borrower pursuant to Section 2.6.3 (such amount, as it may be reduced from time to time, the “Total DSR Loan Commitment”).