Common use of Banks’ Commitment Clause in Contracts

Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the lesser of $35,000,000 or the Maximum Loan Limit as defined herein.

Appears in 1 contract

Samples: Loan Agreement (Church Loans & Investments Trust)

AutoNDA by SimpleDocs

Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the lesser of $35,000,000 60,000,000 or the Maximum Loan Limit as defined herein.

Appears in 1 contract

Samples: Loan Agreement (Church Loans & Investments Trust)

Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the lesser of $35,000,000 49,000,000 or the Maximum Loan Limit as defined herein.

Appears in 1 contract

Samples: Loan Agreement (Church Loans & Investments Trust)

AutoNDA by SimpleDocs

Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the lesser sum of $35,000,000 or the Maximum Loan Limit as defined herein20,000,000.

Appears in 1 contract

Samples: Loan Agreement by And (Church Loans & Investments Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!