Funding Commitment Letter Clause Samples
A Funding Commitment Letter is a formal document in which a lender or investor agrees to provide a specified amount of funding to a borrower or project under defined terms and conditions. Typically, this letter outlines the amount of funding, the timeline for disbursement, and any conditions precedent that must be met before funds are released, such as due diligence or regulatory approvals. Its core practical function is to provide assurance to the recipient that financing will be available, thereby enabling planning, negotiations, or project commencement with greater certainty.
POPULAR SAMPLE Copied 6 times
Funding Commitment Letter. Prior to the Closing, Sun Mortgage Partners shall have obtained from each of its limited partners a duly executed funding commitment letter, substantially in the form attached as Exhibit J.
Funding Commitment Letter. Parent shall have executed and delivered a Funding Commitment Letter in favor of the Surviving Corporation, dated as of the Closing Date, in the form of Exhibit F.
Funding Commitment Letter. [incorporated herein by reference to Exhibit 4.10 of the Company’s Annual Report on Form 20-F for the year ended December 31, 2022]
Funding Commitment Letter. The Company acknowledges that Teakwood has purchased certain Common Stock of the Company in consideration for the sum of $2,500,000 pursuant to the Funding Commitment Letter and Subscription Agreement (the "Commitment Letter"), dated February 15, 2000 between the Company and Teakwood. Company hereby confirms that Teakwood is not obligated to extend the remaining $7,500,000 in financing provided for under the terms of the Commitment Letter.
Funding Commitment Letter. The parties hereby agree that any and all obligations of the Investor to provide additional funding to the Company shall be considered to be satisfied by the commitments made pursuant to the Securities Purchase Agreement and this Agreement.
Funding Commitment Letter. 51 8.10 Stock Option Plan.............................................................. 51 8.11 Preissman Employment Agreement................................................. 51 8.12