Amount of Commitment Clause Samples
The "Amount of Commitment" clause defines the specific sum or financial obligation that a party agrees to provide or make available under a contract, such as a loan or investment agreement. This clause typically outlines the maximum amount that can be drawn or utilized, and may detail conditions or schedules for disbursement. Its core practical function is to establish clear financial boundaries and expectations, thereby preventing misunderstandings or disputes regarding the extent of the parties' monetary commitments.
Amount of Commitment. Subject to the terms and conditions of this Agreement, Lender agrees to make Advances and/or issue Letters of Credit from time to time until the Maturity Date up to the maximum amount of the Borrowing Availability, provided that the aggregate amount of all Loan Allocations and Letters of Credit outstanding and committed at any time and from time to time, shall not exceed the least of (i) the Commitment Amount, or (ii) the Borrowing Availability at such time, or (iii) the Maximum Allowed Advances for all Homes and Lots to be entered into the Loan plus the LOC Total Commitment Amount.
Amount of Commitment. Unless Lessee shall consent to otherwise, no Lessor may make any such assignment, conveyance or transfer if, as a consequence thereof, the transferor (if such Lessor retains any part of its Commitment) or transferee Lessor would have an Outstanding Investment of less than $5,000,000.
Amount of Commitment. Subject to the terms and conditions of this Agreement, Lender agrees to make Advances from time to time until the applicable Maturity Date up to the maximum amount of the Borrowing Availability, provided that the aggregate amount of all Loan Allocations for all Lots and Homes to be included in the Borrowing Base at any time and from time to time, shall not exceed the lesser of (i) the Commitment Amount, or (ii) the Borrowing Availability at such time.
Amount of Commitment. Percentage of Tranche:
Amount of Commitment. Subject to the terms and conditions hereof and relying upon the representations and warranties set forth herein, if any, F▇▇▇▇▇▇ Mac agrees to purchase from the Seller Mortgages with an aggregate Loan Amount not to exceed One Hundred Million and 00/100 Dollars ($100,000,000.00) (the "Aggregate Commitment Available") under and pursuant to the Commitments executed by F▇▇▇▇▇▇ Mac pursuant to this Agreement at any time or from time to time during the term hereof. Subject to the provisions of Section 7.2 of this Agreement, (a) each Mortgage must be purchased pursuant to and conform to F▇▇▇▇▇▇ Mac's Multifamily Conventional Cash Mortgage Purchase Program, including without limitation all of F▇▇▇▇▇▇ Mac's then-current internal underwriting standards for its borrowers, guarantors, and their principals, and (b) except as expressly provided herein, all provisions of the Guide shall apply to the underwriting and purchase of such Mortgages. This Agreement is not a revolving credit facility and Borrowers may not borrow, repay and re-borrow with respect to this Agreement.
Amount of Commitment. Each Participant agrees to provide the sum of its respective Funding Commitment which sum will be used to fund loans and Purchase Participation Interests in accordance with the terms of this Agreement. The obligations of each Participant to make their respective Funding Commitments hereunder shall be several and not joint. Funding Commitments will be in a minimum amount or multiples of Two Hundred and Fifty Thousand Dollars ($250,000.00) with each commitment representing one (1) “Unit”, (i.e. $250,000.00 = one (1) unit).
Amount of Commitment. No Lessor may make any such assignment, conveyance or transfer if, as a consequence thereof, the transferor (if such Lessor retains any part of its Commitment) or transferee Lessor would have a Commitment (assuming for this purpose no funding by such Lessor) of less than U.S. $2,000,000.
Amount of Commitment. The respective amount of each Bank's Commitment on the date hereof and its respective Commitment Percentage shall be as follows (except as may be modified pursuant to Section 18): Amount of Commitment Lender Commitment Percentage
Amount of Commitment. Percentage of Total Commitments
Amount of Commitment. Section 1.1 of the Restated Credit Agreement is amended to read as follows: