Loan Commitment definition

Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

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Loan Commitment. With respect to each Revolving Credit Lender, that respective Revolving Credit Lender's Revolving Credit Dollar Commitment.

Loan Commitment has the meaning set forth in Section 2.1.

Examples of Loan Commitment in a sentence

Such fee shall be computed on a daily basis and payable quarterly in arrears on the first day of each January, April, July and October during the term of this Agreement and on the expiration of the Tranche A-1 Term Loan Commitment Period or any earlier date of reduction of the Tranche A-1 Term Loan Commitments to zero.
Each of the Three-Year Term Loan Commitment and the Five-Year Term Loan Commitment shall be automatically and permanently reduced to zero on the Closing Date if any portion of the Three-Year Term Loan Commitment or the Five-Year Term Loan Commitment as applicable is left undrawn after giving effect to the borrowing of the Loans hereunder on the Closing Date.
The Term Commitment of each Term B-6 Lender with a Term B-6 Loan Commitment was terminated on the date of the borrowing of the Term B-6 Loans.
If any portion of the 364-Day Bridge Loan Commitment is left undrawn on the Closing Date, such undrawn portion shall be automatically and permanently canceled on the Closing Date.
Upon the expiration of the Tranche A-1 Term Loan Commitment Period, any unfunded Tranche A-1 Term Loan Commitment shall be immediately and automatically cancelled and no longer available for disbursement.

More Definitions of Loan Commitment

Loan Commitment means the obligation of the Lender to make Loans hereunder in an aggregate principal amount at any time outstanding not exceeding $300,000,000.

Loan Commitment means, relative to any Lender, such Lender’s obligation (if any) to make Loans pursuant to Section 2.1.1.

Loan Commitment means, with respect to each Bank, the obligation to make a Ratable Loan, and to acquire participations in Letters of Credit, in the principal amount set forth in Schedule 1 (subject to change in accordance with the terms of this Agreement).

Loan Commitment means a statement transmitted in writing or electronically by a mortgage

Loan Commitment or "commitment" means a statement, written or electronic, by the mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular mortgage loan to a particular borrower.

Loan Commitment means, with respect to a Loan, the maximum aggregate amount, as defined by Lender in the applicable Commitment Letter, of advances available to be disbursed on such Loan.

Loan Commitment means that amount which the Administration is obligated to lend to the Borrower pursuant to the terms and provisions of this Agreement and subject to the satisfaction of the conditions set forth in this Agreement, as such amount may be adjusted as provided in this Agreement.