Final Commitment definition

Final Commitment means with respect to each Purchaser, the “Final Commitment” of such Purchaser designated on the Purchaser Schedule of such Purchaser. The aggregate Final Commitments of all Purchasers shall not exceed $35,000,000.
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Final Commitment has the meaning set out in Clause 2.2.
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Examples of Final Commitment in a sentence

  • After the Closing, Seller, at its expense, will cause the Title Company to issue to Purchaser a title insurance policy in conformance with the Final Commitment, which title insurance policy will also include “owner’s extended coverage” and delete or insure over standard printed exceptions Nos.

  • The Final Commitment will commit to insure marketable title to the Unit in Purchaser, upon payment of the policy premium by Seller and the satisfaction of certain requirements by Seller, subject to the standard printed exceptions and the exceptions accepted by Purchaser pursuant to this Section above.

  • The Borrower agrees to pay in arrears to the Agent for the account of each Lender a non-refundable commitment fee computed by multiplying the undrawn amount of such Lender’s Commitment from day to day by 0.75% per annum for each day during the period from (but excluding) December 13, 2013 to (and including) the earlier of the Advance Date and the Final Commitment Date.

  • After the Closing, Seller, at its expense, will cause the Title Company to issue to Purchaser a title insurance policy in conformance with the Final Commitment.

  • The Final Commitment will commit to insure marketable title to the Unit in Purchaser, upon payment of the policy premium by Seller and the satisfaction of certain requirements by Seller, subject to the standard printed exceptions and the exceptions accepted by Purchaser pursuant to this Paragraph above.

  • The Project will be located on the property described on Exhibit A attached hereto (the “Project Property”), it being acknowledged and agreed that the final legal description of the Project Property will be established by the recorded Map and Declaration and reflected in the Final Commitment, as discussed in Section 7 below.

  • Purchaser acknowledges and agrees that the Resort and the Project are not currently subdivided and created, that the final size and configuration of the Unit may vary depending on the actual location of the Project as constructed within the Resort, and that the final legal description of the Unit will be established by the recorded Residential Map and recorded Residence Declaration and reflected in the Final Commitment, as discussed in Paragraph 7 below.

  • Following the recording of the final Condominium Map creating the Unit and the Declaration, Seller shall procure a legal description of the Unit and deliver to Purchaser, at least five (5) business days before Closing, the Commitment in a revised form, reflecting the final recorded Map, Declaration, the final legal description of the Unit and other reasonable adjustments to the Commitment (the “Final Commitment”), which Final Commitment Purchaser accepts.

  • Promptly following the recording of the final Condominium Map creating the Unit and the Declaration, Seller shall procure a legal description of the Unit and deliver to Purchaser, at least five (5) days before Closing, the Commitment in a revised form, reflecting the final recorded Map, Declaration, the final legal description of the Unit and other reasonable adjustments to the Commitment (the “Final Commitment”), which Final Commitment Purchaser accepts.

  • The Final Commitment will commit to insure marketable title to the Unit in Purchaser, upon payment of the policy premium by Seller and the satisfaction of certain requirements by Seller, subject to the standard printed exceptions and the exceptions deemed accepted by Purchaser pursuant to this Section above, which shall not include any deed of trust in favor of Seller’s lender, if any.

Related to Final Commitment

  • Initial Commitment means, for any Initial Lender, the obligation of such Initial Lender to make an Initial Loan hereunder, up to the principal amount shown on Schedule 1.01(a). The aggregate amount of the Initial Lenders’ Initial Commitments as of the Closing Date is $150,000,000.

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

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.