Examples of Financing Commitments in a sentence
Except as otherwise provided herein, all borrowings of, and payments in respect of, the Advances shall be made on a pro rata basis by or to the Lenders in accordance with their respective portions of the Financing Commitments in respect of Advances held by them.
Any prepayments made pursuant to this paragraph shall automatically reduce the Financing Commitments as provided in Section 4.07(c).
Upon the payment in full of all Secured Obligations and termination of the Financing Commitments, the security interest granted herein shall automatically (and without further action by any party) terminate and all rights to the Collateral shall revert to the Company.
Although Financing Commitments will not be required at Initial Application, all sources must be clearly identified and their terms specified.
Financing Commitments: Letters of interest and/or commitment from debt and equity sources for construction and permanent financing.