Initial Commitment Advance definition

Initial Commitment Advance means the aggregate dollar amount reflected in the closing settlement statement to be advanced to or for the benefit of Borrower at the Closing, not to exceed the Commitment; provided, however, that Lender’s records of the amount of the Initial Commitment Advance shall be conclusive evidence of the actual amount funded.
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Initial Commitment Advance means the aggregate dollar amount reflected in the closing settlement statement to be advanced to or for the benefit of Borrower at the Closing, not to exceed the Commitment; provided, however, that Lender’s records of the amount of the Initial Commitment Advance shall be conclusive evidence of the actual amount funded. Loan Agreement – Fxxxxx Xxxxx 0X, Xxxxxx Xxxxxx, Texas 6
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Initial Commitment Advance means the aggregate dollar amount of up to$-0- to be advanced to or for the benefit of Borrower at the Closing.
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Examples of Initial Commitment Advance in a sentence

  • Borrower has requested, and Lender has agreed, to fund the Origination Fee from the proceeds of the Initial Commitment Advance.

  • Subject to the Lender Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing and to fund the balance of the Commitment to the Borrower in accordance with the terms and conditions of this Agreement provided, however, that all Advances shall be subject to, and made in accordance with, the terms and conditions of Section 3(b).

  • Subject to the Funding Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing and to fund the Closing Expense Advance at Closing; provided, however, that all Commitment Advances shall be made subject to, and in accordance with, the terms and conditions of Section 3(b).

  • Subject to the Lender Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing.

  • Subject to the Funding Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing, to fund the Closing Expense Advance at Closing and to fund up to the balance of the Commitment during the Loan term; provided, however, that all Commitment Advances shall be made subject to, and in accordance with, the terms and conditions of Section 3(b).

  • Subject to the Funding Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing, and to fund up to the balance of the Commitment to Borrower in accordance with the terms and conditions of this Agreement during the Loan term; provided, however, that all Advances shall be subject to, and made in accordance with, the terms and conditions of Section 3(b).

  • Subject to the Funding Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing and to fund the remainder of the Commitment to Borrower through future Commitment Advances to be made during the term of the Loan; provided, however, that all Commitment Advances shall be made subject to, and in accordance with, the terms and conditions of Section 3(b).


More Definitions of Initial Commitment Advance

Initial Commitment Advance means the aggregate dollar amount of up to U.S. One Million Eight Hundred Seventy-Eight Thousand Fifty and No/100 Dollars ($1,878,050.00), to be advanced to or for the benefit of Borrower at the Closing.
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Initial Commitment Advance means the aggregate dollar amount of up to U.S. Three Million Four Hundred Forty-Seven Thousand Seven Hundred Fifty and No/100 Dollars ($3,447,750.00), to be advanced to or for the benefit of Borrower at the Closing.
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Initial Commitment Advance means the aggregate dollar amount of up to U.S. Six Hundred Thirty-Four Thousand One Hundred Forty and No/100 Dollars ($634,140.00) to be advanced to or for the benefit of Borrower at the Closing; provided, however, that Lender’s records of the amount of the Initial Commitment Advance shall be conclusive evidence of the actual amount funded.
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Initial Commitment Advance means the aggregate dollar amount of up to U.S. Three Million and No/100 Dollars ($3,000,000.00), to be advanced to or for the benefit of Borrower at the Closing.
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Related to Initial Commitment Advance

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Initial Commitment means, in relation to an Initial Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

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

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.