Nonrevolving Credit Commitment definition

Nonrevolving Credit Commitment shall have the meaning assigned to that term in Section 2.2A hereof.
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Examples of Nonrevolving Credit Commitment in a sentence

  • All Nonrevolving Loans shall be requested before the Nonrevolving Credit Commitment Termination Date, on which date all outstanding principal of and accrued but unpaid interest on all Nonrevolving Loans shall be due and payable.

  • Bank shall enter the amount of each Nonrevolving Loan, and any payments thereof, in its books and records, and such entries shall be prima facie evidence of the principal amount outstanding under the Nonrevolving Credit Commitment.

  • Within the limits of time and amount set forth in this Section 2.2A, Borrower may borrow and repay, but once repaid may not reborrow, Nonrevolving Loans under the Nonrevolving Credit Commitment.

  • Notwithstanding the maturity date set forth in the Nonrevolving Note, the principal Indebtedness evidenced by the Nonrevolving Note shall be paid or prepaid in full, without penalty or premium in accordance with the terms of the Nonrevolving Note, on the Nonrevolving Credit Commitment Termination Date.