Unadvanced Loan Commitment Amount definition
Unadvanced Loan Commitment Amount means, on the date the Unadvanced Loan Commitment Amount Fee is due and payable, the amount of the Loan Commitment Amount that has not been advanced to the Borrower in an Advance.
Examples of Unadvanced Loan Commitment Amount in a sentence
Until twenty-five percent (25%) of the Loan Commitment Amount has been funded, the Borrower shall pay to the Agent, on the first day of each month in arrears, the Unadvanced Loan Commitment Amount Fee.