Common use of Lender’s Commitment Clause in Contracts

Lender’s Commitment. Lender's obligation to extend the Loans to Borrower is a valid, legal, irrevocable and binding corporate obligation which shall not be rescinded or withdrawn in the event of a change of Lender's present management or ownership.

Appears in 4 contracts

Samples: Loan Agreement (Faro Technologies Inc), Loan Agreement (Faro Technologies Inc), Loan Agreement (Faro Technologies Inc)

AutoNDA by SimpleDocs

Lender’s Commitment. Lender's obligation to extend the Loans Loan to Borrower is a valid, legal, irrevocable and binding corporate obligation which shall not be rescinded or withdrawn in the event of a change of Lender's present management or ownership.

Appears in 2 contracts

Samples: Loan Agreement (Faro Technologies Inc), Loan Agreement (Faro Technologies Inc)

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