Mortgage Loan Commitment definition

Mortgage Loan Commitment means, for each Lender, the amount set forth opposite such Lender’s name in Schedule 2 directly below the column entitled “Mortgage Loan Commitment,” and in the aggregate, as set forth in Schedule 2 below such column in the row entitled “Total”, as same may be adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 11.4.
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Mortgage Loan Commitment is defined in Section 1.2 hereof.
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Mortgage Loan Commitment means, as to any Lender, the amount initially set forth opposite its name in the grid set forth below (which grid shall be added to and incorporated by reference into Schedule 1.01 of the Credit Agreement), and thereafter on any relevant Assignment And Assumption, as such amount may be adjusted from time to time in accordance with this Agreement, and “Mortgage Loan Commitments” means the aggregate Mortgage Loan Commitments of all of the Lenders. Manufacturers and Traders Trust Company $ 3,150,918.90 54.05 % NYCB Specialty Finance Company, LLC $ 1,181,594.59 20.27 % Huntington National Bank $ 787,729.72 13.51 % Bank of the West $ 708,956.75 12.16 % TOTAL $ 5,829,199.96 100 %
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Examples of Mortgage Loan Commitment in a sentence

  • The Purchase Price will be shown on the Commitment Confirmation relating to the Eligible Mortgage Loan ("Commitment Confirmation").

  • Any prepayment of a LIBOR Borrowing at the Adjusted LIBOR Rate shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 2.07.3. Each such prepayment shall be applied to the Mortgage Loans in accordance with the Mortgage Loan Commitment Percentages of the Lenders.

  • Borrower shall pay to the Bank on the Closing Date Structuring Fees equal to (a) 1.5% flat, or US$63,495, on the Revolving Credit Loan Commitment, (b) 1.5% flat, or US$124,500, on the Mortgage Loan Commitment and (c) 7.7577625% flat, or US$812,005, on the Term Loan Commitment.

  • No Credit Lender shall be obligated to make Credit Loans in excess of its Credit Loan Commitments, no Mortgage Lender shall be obligated to make Mortgage Loans in excess of its Mortgage Loan Commitment and the Lessor shall not be obligated to fund any Lessor Advance in excess of its Lessor Commitment.

  • The obligations of the Mortgage Loan Borrower to repay the Mortgage Loans to each of the Mortgage Loan Lenders shall be evidenced by a Mortgage Loan Note to be issued to each Mortgage Loan Lender in the stated principal amount of such Lender’s respective Mortgage Loan Commitment.


More Definitions of Mortgage Loan Commitment

Mortgage Loan Commitment means, as to any Lender, the amount initially set forth opposite its name in the grid set forth below (which grid shall be added to and incorporated by reference into Schedule 1.01 of the Credit Agreement), and thereafter on any relevant Assignment And Assumption, as such amount may be adjusted from time to time in accordance with this Agreement, and “Mortgage Loan Commitments” means the aggregate Mortgage Loan Commitments of all of the Lenders. Lender Mortgage Loan Commitment Mortgage Loan Commitment Percentage Manufacturers and Traders Trust Company $ 3,150,918.90 54.05 % NYCB Specialty Finance Company, LLC $ 1,181,594.59 20.27 % Huntington National Bank $ 787,729.72 13.51 % Bank of the West $ 708,956.75 12.16 % TOTAL $ 5,829,199.96 100 %
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Mortgage Loan Commitment means, as to any Lender, the amount initially set forth opposite its name in the grid set forth below (which grid shall be added to and incorporated by reference into Schedule 1.01.1 of the Credit Agreement), and thereafter on any relevant Assignment And Assumption, as such amount may be adjusted from time to time in accordance with this Agreement, and “Mortgage Loan Commitments” means the aggregate Mortgage Loan Commitments of all of the Lenders. Lender Mortgage Loan Commitment Mortgage Loan Commitment Percentage Manufacturers and Traders Trust Company $ 4,602,000 75 % BMO H▇▇▇▇▇ Bank N.A. $ 1,534,000 25 % TOTAL $ 6,136,000 100 %
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Mortgage Loan Commitment means $680,000.00.
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Mortgage Loan Commitment means Two Million Eight Hundred Thousand and 00/100 Dollars ($2,800,000.00).
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Mortgage Loan Commitment means the standby commitment issued to the Partnership by the Lender under date of April 22, 1998, with respect to the Mortgage Loan.
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Mortgage Loan Commitment means that certain revised Mortgage Loan Commitment dated October 18, 2005, and accepted by Borrower on October 18, 2005, the terms of which are incorporated herein by reference and which control to the extent inconsistent with this Loan Agreement, a copy of which is attached hereto as Exhibit “B”.
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Mortgage Loan Commitment means a written, firm commitment letter similar to the type the Mortgage Lender would ordinarily provide prospective home buyers or borrowers where financing is not provided from the proceeds of tax-exempt bonds which commitment must commit to an individual or individuals a stated amount of money for the purchase of a particular Housing Unit for a stated period of time at a stated interest rate.
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