Real Estate Commitment definition

Real Estate Commitment means the Bank’s Commitment to make an Advance in the aggregate amount of $855,437 pursuant to Section 2.01(c).
Sample 1
Real Estate Commitment. Means Forty-Five Million Seven Hundred Sixty Thousand and no/100 Dollars ($45,760,000.00). Such Real Estate Commitment, and the Individual Real Estate Commitments, proportionately, shall be reduced by any principal payments made by or on behalf of X.Xxx or any principal reductions otherwise required under and pursuant to the Loan Documents. Any principal amount repaid under the Real Estate Commitment may not be reborrowed.
Sample 1
Real Estate Commitment means the obligation of the Bank to make Real ------------------------ Estate Loan Advances hereunder in an aggregate principal amount at any one time outstanding up to but not exceeding an amount to be determined by the Bank in its sole discretion, as the same may be terminated pursuant to Section 13.2. ------------
Sample 1

Examples of Real Estate Commitment in a sentence

  • The Real Estate Commitment and Personal Property Commitment shall be measured by the total reported cumulative investment as reported by the Company on the annual filings of a SCDOR PT-100, or comparable forms with the South Carolina Department ofRevenue ("DOR") or the County in the applicable year plus the cost of construction of any Infrastructure if not reported by the Company on a form provided by DOR.

  • Upon receipt of the funds described in the Debt Commitment, the Rollover Commitment, the Real Estate Commitment and the Equity Commitment, Buyer will have sufficient funds available to consummate the transactions contemplated by our Going Concern Proposal.

  • The findings of the report suggested that the key risks to the conduct of a credible referendum, insofar as the international community was concerned, were: the vote was viewed as not reflecting the free will of the people of Bougainville; the hasty transfer of powers in the lead-up to the referendum was undertaken without due regard to local human and financial capacities; and the presence of weapons and/ or spoilers obstructing voting thus undermining the credibility of the referendum.

  • Without prejudice to the survival of any other obligation of the Borrower hereunder, the obligations of the Borrower under Article VI and Sections 14.1 ---------- ------------- and 14.2 shall survive repayment of the Notes and termination of the Revolving ---- Credit Commitment, the Term Commitment and the Real Estate Commitment.

  • In the event that (i) funds are deposited by X.Xxx pursuant to this Section 3.5, (ii) those funds are used to achieve Completion, and (iii) not all of the Real Estate Commitment is advanced to achieve Completion, X.Xxx may request in writing a final Advance on the Real Estate Loan prior to Conversion in the amount of the lesser of (x) all amounts deposited pursuant to this Section 3.5 and used to achieve Completion and (y) the remaining undisbursed amount of the Real Estate Loan.

  • Value Added Real Estate Commitment Recommendation – After interviewing several candidate managers, answering questions from the board members and staff, a recommendation to make a commitment to the Artemis Real Estate Partner Fund IV.

  • A Real Estate Commitment Committee (CIS) deliberate on the real estate budget as a whole and on the projects selected by Groupama Immobilier for acquisitions and disposals as well as improvement work exceeding the authorisation thresholds set out in the mandates.

  • The following new provision is added at the end of Section 12: Report to Employer The Company will provide the summary description required by Code Section 408(1)(2)(B) to any employer that contributes to this contract on your behalf under a SIMPLE IRA plan described in Code Section 408(p).

  • The Company shall (a) meet the Real Estate Commitment, and (b) the Personal Property Commitment, and (c) the Jobs Commitment (collectively, the "Commitments") all on or before the end of the second calendar year (i.e. December 31) following the end of the calendar year in which the Project is frrst placed in service (the "Commitment Date").

  • There is no suit, action, claim, investigation or inquiry by any person or entity or by any administrative agency or governmental body and no legal, administrative or arbitration proceeding pending or, to Purchaser’s Knowledge, threatened against Purchaser or any Affiliate of Purchaser which has affected or could materially affect Purchaser’s ability to consummate the transactions contemplated by this Agreement.

Related to Real Estate Commitment

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $300,000,000.

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $150,000,000.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being €300,000,000 at the date of this Agreement.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Credit Aggregate Commitment means One Hundred Ten Million Dollars ($110,000,000), subject to increases pursuant to Section 2.13 hereof by an amount not to exceed the Revolving Credit Optional Increase, subject to reduction or termination under Section 2.11 or 9.2 hereof.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Total Commitment means the sum of the Commitments of the Lenders.

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Letter of Credit Exposure means, at any time, the sum of (a) the aggregate undrawn maximum face amount of each Letter of Credit at such time plus (b) the aggregate unpaid amount of all Reimbursement Obligations at such time.

  • Letter of Credit Outstandings means, at any time, the sum of, without duplication, (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the aggregate amount of all Unpaid Drawings in respect of all Letters of Credit.