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 has the meaning set forth in Section 2.1.

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

Examples of Loan Commitment in a sentence

• Upon satisfaction of all the terms and conditions of the Term Sheet and this Agreement (including the items listed on Schedule 2.1 attached hereto), each Lender severally, but not jointly, agrees to make its Pro Rata Share of the Loan in Dollars to Borrowers in the amount of such ▇▇▇▇▇▇’s Loan Commitment, which shall be funded in one or more advances and repaid in accordance with the terms of this Agreement and the Notes.

• Subject to the terms and conditions set forth herein and in the Sixteenth Amendment, each Term B-5 Lender severally agrees to make its portion of a term loan (the “Sixteenth Amendment Term B-5 Loan”) to the Company in Dollars on the Sixteenth Amendment Effective Date in an amount not to exceed such Term B-5 Lender’s Term B-5 Loan Commitment with respect to the Sixteenth Amendment Term B-5 Loan.

• Subject to the terms and conditions set forth herein and in the Fifteenth Amendment, each Term B-5 Lender severally agrees to make its portion of a term loan (the “Fifteenth Amendment Term B-5 Loan”) to the Company in Dollars on the Fifteenth Amendment Effective Date in an amount not to exceed such Term B-5 Lender’s Term B-5 Loan Commitment with respect to the Fifteenth Amendment Term B-5 Loan.

• All amounts payable by Borrowers to any Lender under Section 2.6 in respect of its Pro Rata Share and its Loan Commitment shall be determined as if such Lender had not sold or agreed to sell any participations in the Loan and its Loan Commitment, and as if such Lender were funding its Pro Rata Share of the Loan (if applicable) and its Loan Commitment in the same way that it is funding its Pro Rata Share of the Loan and its Loan Commitment in which no participations have been sold.

• A Lender may sell or agree to sell to one or more other Persons (each a “Participant”) a participation in all or any part of the Pro Rata Share of the Loan held by it, or in its Loan Commitment, provided that such Participant shall not have any rights or obligations under this Agreement or any Note or any other Loan Document (the Participant’s rights against such Lender in respect of such participation to be those set forth in the agreements executed by such Lender and the applicable Participant).

More Definitions of Loan 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, 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.