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.
Conditional commitment letter has the meaning given to such term in the preliminary statements.
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.
More Definitions of Conditional commitment letter
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.
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.
Conditional commitment letter means a letter delivered to the applicant stating the authority'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.
Conditional commitment letter has the meaning given to such term in the preliminary statements. “Contingent Obligations” means, as to any Person, any obligation of such Person with respect to any Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including any obligation of such Person, whether or not contingent, as a guarantee or otherwise: (a) for the purchase, payment or discharge of any such primary obligation; (b) to purchase, repurchase or otherwise acquire such primary obligations or any property constituting direct or indirect security therefor, including the obligation to make take or pay or similar payments; (c) to advance or supply funds; (d) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet item, level of income or financial condition of the primary obligor; (e) to purchase property, securities or services primarily for the purpose of assuring the holder of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation; or (f) otherwise to assure or hold harmless the holder of such primary obligation against loss in respect thereof, including with respect to letter of credit obligations, Swap Agreements, foreign exchange contracts and other similar agreements (including agreements relating to derivative instruments), provided, that: (i) the term “Contingent Obligation” shall not include endorsements of instruments for deposit or collection in the Ordinary Course of Business; and (ii) the amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound.
Conditional commitment letter has the meaning given to such term in the recitals to this Agreement.
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.