Conditional Commitment definition

Conditional Commitment means a conditional commitment (as defined in 10 CFR 609.2) from DOE to the Corporation in an amount not less than $2 billion, and specifying the detailed conditions to be satisfied for the DOE Financial Closing.

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Conditional Commitment means a final term sheet negotiated between the Secretary and a project sponsor or sponsors, which term sheet shall be binding on both parties and become a final loan guarantee agree- ment if all conditions precedent established in the term sheet, which shall include the ac- quisition of all necessary permits and li- censes, are satisfied.’’.

Conditional Commitment means the written confirmation from the Corporation that the Corporation has reviewed and approved the Compliance Package with respect to a Mortgage Loan and the Lender may proceed to close such Mortgage Loan.

Examples of Conditional Commitment in a sentence

• Any losses will be unenforceable by the Lender to the extent that loan funds are used for purposes other than those specifically approved by USDA in its Conditional Commitment for Guarantee.

• Assuring that if personal or corporate guarantees are part of the collateral, current financial statements from such loan guaran- tors will be obtained and copies provided to FmHA or its successor agency under Public Law 103–354 at such time and frequency as re- quired by the loan agreement or Conditional Commitment for Guarantee.

• This Agreement and the other Loan Documents contain the entire agreement of the parties hereto and thereto in respect of the transactions contemplated hereby and thereby, and all prior agreements among or between such parties, whether oral or written, including the “Loan Application and Conditional Commitment Agreement” dated July 29, 2005, between ▇▇▇▇▇▇▇ Properties, L.P. and Lender, are superseded by the terms of this Agreement and the other Loan Documents.

• Any losses will be unen- forceable by the Lender to the extent that loan funds are used for purposes other than those specifically approved by FmHA or its successor agency under Public Law 103–354 in its Conditional Commitment for Guarantee.

• Any losses will be unenforceable by the Lender to the extent that loan funds were used for purposes other than specifically approved by USDA in its Conditional Commitment or approved amendment thereof.

More Definitions of Conditional Commitment

Conditional Commitment. The Conditional Commitment, dated as of February 13, 2010, between DOE and the Borrower.

Conditional Commitment means a conditional commitment (as defined in 10 CFR 609.2) from DOE to the Company in an amount not less than $2 billion, and specifying the detailed conditions to be satisfied for the DOE Financial Closing.

Conditional Commitment means the Conditional Commitment Letter from Lender and accepted by SMC dated September 9, 1996, together with the Special Stipulations Rider and Exhibit A and Exhibit B attached thereto.

Conditional Commitment. As the context shall require, (a) the Conditional Commitment, dated as of February 13, 2010, between DOE and the Borrower and the Conditional Commitment, dated as of September 29, 2017, between DOE and the Borrower, collectively or (b) each such Conditional Commitment, individually.

Conditional Commitment has the meaning set forth in Section 5.03(f).

Conditional Commitment means a conditional commitment (as defined in 10 CFR 609.2) from DOE to the Corporation in an amount not

Conditional Commitment means the conditional commitment letter of the United States Department of Agriculture (Form4279-3) dated September 29, 2020.