Common use of Project Loan Commitment Clause in Contracts

Project Loan Commitment. The Lender shall have received a fully executed copy of the Project Loan Commitment for the Contemplated Project if there is a Project Loan Commitment for the Contemplated Project at the time of the delivery of the Application for Advance. In the event there is not a Project Loan Commitment for the Contemplated Project at the time of the delivery of the Application for Advance but such Project Loan Commitment is later received, the Borrower shall promptly provide a copy of such commitment to the Lender upon receipt.

Appears in 3 contracts

Samples: Credit Agreement (Crescent Operating Inc), Credit Agreement (Crescent Operating Inc), Credit Agreement (Crescent Operating Inc)

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Project Loan Commitment. The Lender shall have received a fully executed copy of the Project Loan Commitment for the Contemplated Project if there is a Project Loan Commitment for the Contemplated Project at the time of the delivery of the Application for Advance. In the event there is not a Project Loan Commitment for the Contemplated Project at the time of the delivery of the Application for Advance but such Project Loan Commitment is later received, the Borrower shall promptly provide a copy of such commitment to the Lender upon receipt.

Appears in 1 contract

Samples: Credit Agreement (Crescent Operating Inc)

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