Examples of Closing Date Lender in a sentence
As of the Closing Date, Lender commits to disburse Loan principal in the total amount of the Loan (“Loan Commitment Amount”).
On the Closing Date, Borrower shall pay to the Closing Date Lenders, through the Administrative Agent, the closing fees in the amount heretofore agreed upon by letter agreement among Borrower and each Closing Date Lender.
If there exists a basis to demand indemnification under Section 6.1 hereof that materially and adversely affects a Loan after Lender has accepted the Loan Submission but prior to Closing Date, Lender shall make, and Broker shall accept, a reassignment of such Loan Submission, whereupon Broker shall indemnify and hold Lender harmless as provided in Section 6.1.
On the Closing Date, Lender shall receive a “mark-up” of the title insurance commitment for such insurance showing that (i) all requirements for issuance of the policies have been satisfied, (ii) the Mortgages are first priority liens on the Real Property, subject only to the Permitted Exceptions, (iii) the standard exceptions to coverage will be deleted from the final policies and (iv) the final policies will contain the requested endorsements.
On the Closing Date, Lender may make Revolving Credit Loans to Borrower to repay the Sepco Revolver Obligations, the DXP Revolver Obligations and the Pelican Revolver Obligations.