Commitment Letter definition

Commitment Letter has the meaning set forth in Section 5.7.

Commitment Letter means the fully executed commitment letter or early rate lock application between Lender and Borrower issued in connection with the Loan, as such document may have been modified, amended or extended.

Commitment Letter means a written commitment from a lender or other provider of funds, representing a commitment to provide financing and stating the amount, interest rate, fees, term of the loan, debt service coverage, security and repayment terms, subject only to reasonable, commercially- acceptable contingencies.

Examples of Commitment Letter in a sentence

• Wherever possible, each provision of this Commitment Letter shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Commitment Letter shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of the Commitment Letter.

• Notwithstanding any other provision of this Commitment Letter, in no event will there be any duplication of any prepayment fee or Change of Control Fee in respect of the principal amount of the Loan prepaid pursuant to Section 10, Section 11 or Section 12.

• If any payment of principal or interest under this Commitment Letter becomes due and payable on a day other than a Business Day, this payment shall be extended to the next succeeding Business Day and interest shall be payable at the then applicable rate specified in this Commitment Letter during this extension.

• The Loan Parties cannot assign any of their respective rights or obligations under or in respect of the Loan, this Commitment Letter or any of the Loan Documents without the prior written consent of the Lender, except pursuant to a transaction permitted under clause (c) of the section of this Commitment Letter titled “Negative Covenants” above.

• The division of this Commitment Letter into sections and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Commitment Letter.

More Definitions of Commitment Letter

Commitment Letter has the meaning set forth in Section 4.5.

Commitment Letter shall have the meaning specified in Section 4.24.

Commitment Letter has the meaning set forth in Section 3.11(a).

Commitment Letter. That certain letter agreement dated as of October 18, 2006, between the Company and the Purchaser. Company: Xxxxx Fargo Bank, N.A., or its successor in interest or assigns, or any successor to the Company under this Agreement appointed as herein provided.

Commitment Letter. The commitment letter between the Company and the Purchaser which sets forth, among other things, the Purchase Price for certain Mortgage Loans described therein to be sold by the Company and purchased by the Purchaser on the Closing Date set forth therein.

Commitment Letter as defined in Section 10.20.

Commitment Letter means that certain commitment letter dated as of April 7, 2015 by and among the Borrower, BWPGG, the Arrangers, Bank of America, BNP Paribas, JPMorgan Chase Bank, N.A., Xxxxx Fargo Bank, National Association and Crédit Agricole Corporate and Investment Bank.