Commitment Letter definition

Commitment Letter has the meaning set forth in Section 5.8.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Commitment Letter means the fully executed commitment letter or early rate lock application between Lender and Borrower issued in connection with the Loan, as such document may have been modified, amended or extended.

Commitment Letter means a written commitment from a lender or other provider of funds, representing a commitment to provide financing and stating the amount, interest rate, fees, term of the loan, debt service coverage, security and repayment terms, subject only to reasonable, commercially- acceptable contingencies.

Examples of Commitment Letter in a sentence

Borrower shall pay to Lender a nonrefundable origination fee of 25 basis points of the final loan amount, which will be earned upon the issuance of the Commitment Letter and payable at closing.
Notwithstanding the foregoing, nothing in this Section 8.13 shall in any way limit or modify the rights and obligations of Parent under this Agreement or any Debt Financing Source’s obligations under the Debt Commitment Letter to Parent and its Subsidiaries party thereto.
Assuming satisfaction of the conditions in Article 6 (other than the conditions set forth in Section 6.3(a) and Section 6.3(b)) and that the Debt Financing is funded on the Closing Date in accordance with the Debt Commitment Letter, the proceeds from the Debt Financing, together with available cash of Parent and its Subsidiaries and other amounts expected to be available to Parent and its Subsidiaries, will be sufficient for Parent to pay the Required Amount.
Pursuant to the Debt Commitment Letter, and subject to the terms and conditions thereof, the Debt Financing Sources party thereto have committed to provide Parent and/or its Subsidiary party thereto with the amounts set forth in the Debt Commitment Letter for the purposes set forth therein.
Parent shall keep the Company informed on a reasonably current basis upon request by the Company of the status of its efforts to arrange the Debt Financing contemplated by the Debt Commitment Letter.

Commitment Letter has the meaning set forth in Section 4.5(b).

Commitment Letter has the meaning set forth in Section 3.11(a).

Commitment Letter. The commitment letter between the Company and the Purchaser which sets forth, among other things, the Purchase Price for certain Mortgage Loans described therein to be sold by the Company and purchased by the Purchaser on the Closing Date set forth therein.

Commitment Letter. That certain letter agreement dated as of October 18, 2006, between the Company and the Purchaser. Company: ▇▇▇▇▇ Fargo Bank, N.A., or its successor in interest or assigns, or any successor to the Company under this Agreement appointed as herein provided.

Commitment Letter shall have the meaning ascribed thereto in Section 4.21 hereof.

Commitment Letter as defined in Section 10.20.

Commitment Letter means that certain commitment letter, dated as of June 14, 2021, by and among Borrower, Bank of America and BofA Securities, Inc., as amended, supplemented or otherwise modified by the joinders thereto entered into among Initial Borrower, Bank of America, BofA Securities, Inc. and the other Commitment Parties.