Additional Loan Commitment definition
Examples of Additional Loan Commitment in a sentence
In addition, in connection with the effectiveness of any Additional Loan Commitment, the Borrower shall deliver to the Administrative Agent customary supplemental opinions, corporate resolutions, certificates and other customary documents, in each case as the Administrative Agent may reasonably request in connection therewith.
Any Loans drawn under the Additional Loan Commitment shall in all respects be subject to the terms of this Agreement as if they were part of and drawn under the original Loan Commitment.
The proceeds of the Additional Loan Commitment shall be used in a manner not prohibited by this Agreement, including by Section 6.1 hereof, or by any other Loan Document, unless otherwise agreed to by Lender in its sole discretion.
The Mortgage shall have been modified of record to reflect the addition of the Additional Loan Commitment in a manner in form and substance reasonably satisfactory to the Lender.
All other reductions in Commitments under this Section 2.12(a) shall be applied pro rata between the Total Refinancing Loan Commitment and the Total Additional Loan Commitment.