Definition of 2017 Commitment


2017 Commitment means (i) with respect to any Bank, the amount, if any, set forth opposite the name of such Bank on the 2017 Commitment Schedule and (ii) with respect to any Bank that is an Assignee pursuant to Section 9.06(c), the amount of the transferor Bank's commitment specified on the 2017 Commitment Schedule that is assigned to such Bank, and further, any subsequent assignment made by an Assignee to another Assignee of such amounts pursuant to Section 9.06(c), in each case as such amount may from time to time be increased or decreased from time to time in accordance with the terms and conditions of this Agreement.
Sample 1

Examples of 2017 Commitment in a sentence

The 2017 Commitments shall terminate on the 2017 Commitment Termination Date, and the 2016 Commitments shall terminate on the 2016 Commitment Termination Date.
All Loans will be made by all Banks (pro rata between the 2017 Banks and 20182019 Banks) in accordance with their Pro Rata Share of the Aggregate Commitments until the 2017 Commitment Termination Date; thereafter, all Loans will be made by the 20182019 Banks in accordance with their Pro Rata Share of the 20182019 Aggregate Commitments until the 20182019 Commitment Termination Date, and in each case subject to the limitations set forth in Section 3.03(d).(b) Letters of Credit.
In addition to the pending completion of the environmental review, the Conditional Affordable Housing Development Guidelines Louisville Metro Government, Office of Housing & Community Develo ment Page 6 of 16 February 22, 2017 Commitment Agreement will require certain deliverables, (attachments, documents, etc.) as detailed in the Application/Proforma.
All Loans will be made by all Banks (pro rata between the 2017 Banks and 2018 Banks) in accordance with their Pro Rata Share of the Aggregate Commitments until the 2017 Commitment Termination Date; thereafter, all Loans will be made by the 2018 Banks in accordance with their Pro Rata Share of the 2018 Aggregate Commitments until the 2018 Commitment Termination Date, and in each case subject to the limitations set forth in Section 3.03(d).(b) Letters of Credit.
The amount of each Lenders 2017 Commitment as of the Effective Date is set forth on Schedule 2.01 or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its 2017 Commitment, as applicable.