Servicing Facility Commitment Amount definition

Servicing Facility Commitment Amount means Ten Million Dollars ($10,000,000).
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Examples of Servicing Facility Commitment Amount in a sentence

  • The obligation of the Lender to make Servicing Facility Advances hereunder up to the Servicing Facility Commitment Amount is hereinafter referred to as the "Servicing Facility Commitment." Within the Servicing Facility Commitment, the Borrowers may borrow, repay and reborrow.

  • The Borrowers shall not be entitled to a reduction in the amount of the Servicing Facility Commitment Fee, in the event the Servicing Facility Commitment Amount is reduced or in the event that the Servicing Facility Commitment is terminated at the request of the Borrowers or as a result of an Event of Default or in the event the Servicing Facility Advances are prepaid after the Servicing Facility Commitment Termination Date, either voluntarily by the Borrowers or as a result of an Event of Default.