Loan Commitment definition

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 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.

Loan Commitment has the meaning set forth in Section 2.1.

Examples of Loan Commitment in a sentence

• Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Term Lender agrees, severally and not jointly, to make a single loan (each such loan, a “ Term Loan ”) to the Borrower in Dollars on the Closing Date in an principal amount not exceeding such Term Lender’s Term Loan Commitment .

• Subject to the terms and conditions hereof, each Lender severally (and not jointly) agrees to make loans to the Borrower in Dollars and in a single Credit Extension on the Closing Date (“Initial Term Loans”), in an aggregate amount such that the Initial Term Loans of such Lender does not exceed such Xxxxxx’s Term Loan Commitment.

• The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice; provided that the information contained in the Register which is shared with each Lender (other than the Administrative Agent and its Affiliates) shall be limited to the entries with respect to such Lender including the Term Loan Commitment of, or principal amount of and stated interested on the Loans owing to such Lender.

• Any Incremental Term Loan Commitment shall terminate as provided in the applicable Incremental Assumption Agreement .

• Subject to the terms and conditions herein, with respect to each Loan, Xxxxxx agrees to make advances to or for the benefit of Borrower in an aggregate amount not to exceed the Loan Commitment for such Loan.

More Definitions of Loan Commitment

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

Loan Commitment means, relative to any Lender, such Lender's obligation to make Loans pursuant to Section 2.1.1.

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 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 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.

Loan Commitment means a written commitment by the Trust to make a loan to a Local Governmental Unit to finance a project approved by the Department on terms consistent with the Department's Project Approval Certificate. (310 CMR 44.03)