Term of Commitment. This Commitment is effective upon Lend▇▇'▇ ▇ssuance of this letter to Borr▇▇▇▇. ▇▇is Commitment expires on the earlier of (i) January 30, 1998 and (ii) the date set forth for the closing of the Loan at the time of Rate Lock, by which time ALL THE CONDITIONS OF THIS COMMITMENT MUST BE SATISFIED AND the Loan must have closed and funded or this Commitment shall be of no further force and effect.
Appears in 1 contract
Term of Commitment. This Commitment is effective upon Lend▇▇'▇ ▇ssuance of this letter to Borr▇▇▇▇. ▇▇is Commitment expires on the earlier of (i) January JANUARY 30, 1998 and (ii) the date set forth for the closing of the Loan at the time of Rate Lock, by which time ALL THE CONDITIONS OF THIS COMMITMENT MUST BE SATISFIED AND the Loan must have closed and funded or this Commitment shall be of no further force and effect.
Appears in 1 contract