Common use of Minimum Loan Commitment Clause in Contracts

Minimum Loan Commitment. Notwithstanding anything to the contrary contained herein, the inclusion of any Applicant Financial Institution as a Lender hereunder pursuant to Paragraph 14(a) above and the assignment by a Lender of a portion of such Lender's Maximum Commitment to a Transferee Lender pursuant to Paragraph 14(b) above shall be subject to the following restrictions: (1) If an Applicant Financial Institution is acquiring a portion of an existing Lender's Maximum Commitment by way of an assignment from such existing Lender, then following the consummation of the contemplated assignment and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender must continue to hold a Maximum Commitment of not less than $10,000,000.00 and such Applicant Financial Institution must hold a Maximum Commitment of not less than $10,000,000.00; (2) If an existing Lender is assigning a portion of its Maximum Commitment to a Transferee Lender, then following the consummation of the contemplated assignment and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender shall continue to hold a Maximum Commitment of not less than $10,000,000.00 following the consummation of the contemplated assignment. There shall be no minimum hold requirement in the event that an existing Lender is assigning one hundred percent (100%) of its Maximum Commitment.

Appears in 1 contract

Samples: Credit Agreement (Countrywide Credit Industries Inc)

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Minimum Loan Commitment. Notwithstanding anything to the contrary contained herein, the inclusion of any Applicant Financial Institution as a Lender hereunder pursuant to Paragraph 14(a) above and the assignment by a Lender of a portion of such Lender's Aggregate Maximum Commitment to a Transferee Lender pursuant to Paragraph 14(b) above shall be subject to the following restrictions: (1) If an Applicant Financial Institution is acquiring a portion of an existing Lender's Aggregate Maximum Commitment by way of an assignment from such existing Lender, then then: (i) such assignment of Aggregate Maximum Commitment must be in the minimum amount of $5,000,000.00 (or if in a higher amount, in integral multiples of $5,000,000.00 in excess thereof), and (ii) following the consummation of the contemplated assignment and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender must continue to hold a an Aggregate Maximum Commitment of not less than $10,000,000.00 25,000,000.00 and such Applicant Financial Institution must hold a an Aggregate Maximum Commitment of not less than $10,000,000.00; 25,000,000.00; (2) If an existing Lender is assigning a portion of its Aggregate Maximum Commitment to a Transferee Lender, then following such assignment of Aggregate Maximum Commitment is in the consummation minimum amount of the contemplated assignment $5,000,000.00 (or if in a higher amount, in integral multiples of $5,000,000.00 in excess thereof) and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender shall continue to hold a an Aggregate Maximum Commitment of not less than $10,000,000.00 25,000,000.00 following the consummation of the contemplated assignment. There shall be no minimum hold requirement in the event that an existing Lender is assigning one hundred percent (100%) of its Maximum Commitment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Countrywide Credit Industries Inc)

Minimum Loan Commitment. Notwithstanding anything to the contrary contained herein, the inclusion of any Applicant Financial Institution as a Lender hereunder pursuant to Paragraph 14(a) above and the assignment by a Lender of a portion of such Lender's Maximum Commitment to a Transferee Lender pursuant to Paragraph 14(b) above shall be subject to the following restrictions: (1) If an Applicant Financial Institution is acquiring a portion of an existing Lender's Maximum Commitment by way of an assignment from such existing Lender, then then: (i) such assignment of Maximum Commitment must be in the minimum amount of $5,000,000.00 (or if in a higher amount, in integral multiples of $5,000,000.00 in excess thereof), and (ii) following the consummation of the contemplated assignment and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender must continue to hold a an Maximum Commitment of not less than $10,000,000.00 25,000,000.00 and such Applicant Financial Institution must hold a Maximum Commitment of not less than $10,000,000.00; 25,000,000.00; (2) If an existing Lender is assigning a portion of its Maximum Commitment to a Transferee Lender, then following such assignment of Maximum Commitment is in the consummation minimum amount of the contemplated assignment $5,000,000.00 (or if in a higher amount, in integral multiples of $5,000,000.00 in excess thereof) and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender shall continue to hold a an Maximum Commitment of not less than $10,000,000.00 25,000,000.00 following the consummation of the contemplated assignment. There shall be no minimum hold requirement in the event that an existing Lender is assigning one hundred percent (100%) of its Maximum Commitment.. 14

Appears in 1 contract

Samples: Revolving Credit Agreement (Countrywide Credit Industries Inc)

Minimum Loan Commitment. Notwithstanding anything to the contrary contained herein, the inclusion of any Applicant Financial Institution as a Lender hereunder pursuant to Paragraph 14(a15(a) above and the assignment by a an existing Lender of a portion of such Lender's Maximum Commitment to a Transferee Lender pursuant to Paragraph 14(b15(b) above shall be subject to the following restrictions: (1) If an Applicant Financial Institution is acquiring a portion of an existing Lender's Maximum Commitment by way of an assignment from such existing Lender, then following such assignment of Maximum Commitment must be in the consummation minimum amount of the contemplated assignment $10,000,000.00 (or if in a higher amount, in integral multiples of $1,000,000.00 in excess thereof) and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender must continue to hold a Maximum Commitment of not less than $10,000,000.00 and such Applicant Financial Institution must hold a Maximum Commitment following the consummation of not less than $10,000,000.00; the contemplated assignment; (2) If an existing Lender is assigning a portion of its Maximum Commitment to a Transferee Lender, then following such assignment of Maximum Commitment is in the consummation minimum amount of the contemplated assignment $10,000,000.00 (or if in a higher amount, in integral multiples of $1,000,000.00 in excess thereof) and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender shall continue to hold a Maximum Commitment of not less than $10,000,000.00 following the consummation of the contemplated assignment. There shall be no minimum hold requirement in the event that an existing Lender is assigning one hundred percent (100%) of its Maximum Commitment.

Appears in 1 contract

Samples: Mortgage Loan Warehousing Agreement (Aames Financial Corp/De)

Minimum Loan Commitment. Notwithstanding anything to the contrary contained herein, the inclusion of any Applicant Financial Institution as a Lender hereunder pursuant to Paragraph 14(a13(a) above and the assignment by a an existing Lender of a portion of such Lender's Maximum Commitment to a Transferee Lender pursuant to Paragraph 14(b13(b) above shall be subject to the following restrictions: (1) If an Applicant Financial Institution is acquiring a portion (but not all) of an existing Lender's Maximum Commitment by way of an assignment from such existing Lender, then following such assignment of Maximum Commitment must be in the consummation minimum amount of the contemplated assignment $10,000,000.00 (or if in a higher amount, in integral multiples of $5,000,000.00 in excess thereof) and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender must continue to hold a Maximum Commitment of not less than $10,000,000.00 and such Applicant Financial Institution must hold a Maximum Commitment 15,000,000.00 following the consummation of not less than $10,000,000.00; the contemplated assignment; (2) If an existing Lender is assigning a portion (but not all) of its Maximum Commitment to a Transferee Lender, then following such assignment of Maximum Commitment is in the consummation minimum amount of the contemplated assignment $10,000,000.00 (or if in a higher amount, in integral multiples of $5,000,000.00 in excess thereof) and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender shall continue to hold a Maximum Commitment of not less than $10,000,000.00 15,000,000.00 following the consummation of the contemplated assignment. There shall be no minimum hold requirement in the event that an existing Lender is assigning one hundred percent (100%) of its Maximum Commitment.

Appears in 1 contract

Samples: Mortgage Loan Warehousing Agreement (First Mortgage Corp /Ca/)

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Minimum Loan Commitment. Notwithstanding anything to the contrary contained herein, the inclusion of ----------------------- any Applicant Financial Institution as a Lender hereunder pursuant to Paragraph 14(a) above and the assignment by a Lender of a portion of such Lender's Maximum Commitment to a Transferee Lender pursuant to Paragraph 14(b) above shall be subject to the following restrictions: (1) If an Applicant Financial Institution is acquiring a portion of an existing Lender's Maximum Commitment by way of an assignment from such existing Lender, then then: (i) such assignment of Maximum Commitment must be in the minimum amount of $5,000,000.00 (or if in a higher amount, in integral multiples of $5,000,000.00 in excess thereof), and (ii) following the consummation of the contemplated assignment and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender must continue to hold a Maximum Commitment of not less than $10,000,000.00 25,000,000.00 and such Applicant Financial Institution must hold a Maximum Commitment of not less than $10,000,000.00; 25,000,000.00; (2) If an existing Lender is assigning a portion of its Maximum Commitment to a Transferee Lender, then following such assignment of Maximum Commitment is in the consummation minimum amount of the contemplated assignment $5,000,000.00 (or if in a higher amount, in integral multiples of $5,000,000.00 in excess thereof) and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender shall continue to hold a Maximum Commitment of not less than $10,000,000.00 25,000,000.00 following the consummation of the contemplated assignment. There shall be no minimum hold requirement in the event that an existing Lender is assigning one hundred percent (100%) of its Maximum Commitment.

Appears in 1 contract

Samples: Credit Agreement (Countrywide Credit Industries Inc)

Minimum Loan Commitment. Notwithstanding anything to the contrary contained herein, the inclusion of any Applicant Financial Institution as a Lender hereunder pursuant to Paragraph 14(a12(a) above and the assignment by a an existing Lender of a portion of such Lender's Maximum Commitment to a Transferee Lender pursuant to Paragraph 14(b12(b) above shall be subject to the following restrictions: (1) If an Applicant Financial Institution is acquiring a portion of an existing Lender's Maximum Commitment by way of an assignment from such existing Lender, then following such assignment of Maximum Commitment must be in the consummation minimum 34 35 amount of the contemplated assignment $5,000,000.00 (or if in a higher amount, in integral multiples of $1,000,000.00 in excess thereof) and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender must continue to hold a Maximum Commitment of not less than $10,000,000.00 and such Applicant Financial Institution must hold a Maximum Commitment 5,000,000.00 following the consummation of not less than $10,000,000.00; the contemplated assignment; (2) If an existing Lender is assigning a portion of its Maximum Commitment to a Transferee Lender, then following such assignment of Maximum Commitment is in the consummation minimum amount of the contemplated assignment $5,000,000.00 (or if in a higher amount, in integral multiples of $1,000,000.00 in excess thereof) and after giving effect to any other assignments occurring on the related Adjustment Date, such existing Lender shall continue to hold a Maximum Commitment of not less than $10,000,000.00 5,000,000.00 following the consummation of the contemplated assignment. There shall be no minimum hold requirement in the event that an existing Lender is assigning one hundred percent (100%) of its Maximum Commitment.

Appears in 1 contract

Samples: Credit Agreement (Fidelity National Financial Inc /De/)

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