NML Commitment definition
Examples of NML Commitment in a sentence
If the Managing Partner is unable to Refinance the Current Property Mortgage Debt with NML in accordance with the NML Commitment, the Managing Partner may seek to Refinance such debt on or before December 31, 1997 with another lender, provided that such Refinancing satisfies the Refinancing Guidelines.
Prior to the 510 Closing Date, 510 Associates shall diligently and in good faith undertake to completion the refinancing of the 510 Construction Financing encumbering the 510 Property in accordance with the 510 NML Commitment and the terms and conditions of this Agreement.
Such financing or refinancing may differ from the Refinancing contemplated by the NML Commitment.
Prior to the Closing Date with respect to the 500 Series Properties, the Property Owners of such 500 Series Properties shall diligently and in good faith undertake to completion the refinancing of the Mortgage Debt encumbering such 500 Series Properties in accordance with the 500 Series NML Commitment and the terms and conditions of this Agreement.