Common use of Amount of Commitment Clause in Contracts

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. 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.