Conditional commitment letter definition

Conditional commitment letter means a letter delivered to the applicant stating the authority's commitment to provide financial assistance under specifications and subject to the satisfaction of certain conditions by the applicant on or before the closing date.
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Conditional commitment letter means a letter delivered to the applicant stating the Au- thority's commitment to provide a grant under specifications and subject to the satisfaction of certain conditions by the applicant.
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Conditional commitment letter means a letter from the Department indicating that an applicant has been provisionally approved for a loan or line of credit under the Program, subject to receipt of a license and meeting other requirements described in a conditional commitment letter.
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Examples of Conditional commitment letter in a sentence

  • Receipt of a Conditional commitment letter from the Administrator does not authorize the RESP borrower to commence performance under the award.

  • The Administrator may consider requests to amend the conditions and amend the conditions in a subsequent Conditional commitment letter, when it advances program and policy goals and is in the best interest of the Government.

  • A successful loan RESP Applicant will receive a Conditional commitment letter from the Administrator notifying it of the total loan amount approved by RUS; any additional controls on the its financial, investment, operational and managerial activities; acceptable security arrangements; and such other conditions deemed necessary by the Administrator to adequately secure the Government’s interest and ensure repayment.

  • All RUS requirements and loan conditions specified in the Conditional commitment letter must be met before the loan will be advanced.

  • The requirements for coverage ratios will be set forth in the Conditional commitment letter and RESP borrower’s loan documents with RUS.

  • The required equity position would be determined by the Administrator on a case-by-case basis and will be set forth in the Conditional commitment letter and the loan documents as a condition to the RESP loan.

  • Any RUS determinations still needed as specified in the Conditional commitment letter must be concluded before the loan will be made.

  • A successful RESP loan applicant will receive a Conditional commitment letter from the Administrator notifying the RESP applicant of the total loan amount approved by RUS; any additional controls on the its financial, investment, operational and managerial activities; acceptable security arrangements; and such other conditions deemed necessary by the Administrator to adequately secure the Government’s interest, ensure repayment, and abide by the RESP requirements as outlined in this Part.

  • The Administrator will only make a loan offer to the RESP Applicant in a Conditional commitment letter.

  • This, however, does not mean that more students were enrolled in private schools than public schools given that the enrollment numbers in public schools are large.Figure 20: Iraq - Percentage change in enrollment each year, by category, gender In terms of gender, enrollment figures in nonstate schools show a larger increase in female participation in independent and international schools in primary levels.


More Definitions of Conditional commitment letter

Conditional commitment letter means a letter delivered to the applicant issuing the au- thority's commitment to provide a loan under specific terms and subject to the satisfaction of certain conditions by the applicant on or before the closing date.
Sample 1
Conditional commitment letter means a letter delivered to the applicant stating the Au- thority's commitment to provide financial assistance subject to the satisfaction of certain condi- tions by the applicant on or before the closing date.
Sample 1
Conditional commitment letter means a letter delivered to the applicant stating the au- thority's commitment to provide a grant or a loan or a combination thereof under specifications and subject to the satisfaction of certain conditions by the applicant.
Sample 1

Related to Conditional commitment letter

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in substantially the form of Exhibit F (appropriately completed, and with such modifications as may be reasonably satisfactory to the Administrative Agent) executed and delivered in accordance with Section 2.14.

  • Commitment Letters has the meaning set forth in Section 4.5.

  • Equity Commitment Letter has the meaning set forth in Section 3.4(a).

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Debt Commitment Letter has the meaning set forth in Section 4.20.

  • Additional Commitment means any commitment hereunder added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Backstop Commitment Agreement means that certain Backstop Commitment Agreement, by and between CEOC and the PropCo Preferred Backstop Investors party thereto from time to time, as the same may be amended, amended and restated, supplemented, or otherwise modified from time to time in accordance with its terms, the form of which shall be included in the Plan Supplement.

  • Commitment Letter has the meaning set forth in Section 5.7.

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • Additional Commitments means any commitments hereunder added pursuant to Section 2.22, 2.23 or 9.02(c).

  • Financing Commitment shall have the meaning set forth in Section 6.4.

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Financing Commitments has the meaning set forth in Section 5.7.

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Financial Commitment means the legally binding undertaking of the Operator to mobilize the financial requirements of the project, for ensuring the completion of the project;

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Repayment Agreement means an agreement

  • Incremental Commitment means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loan.

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.