Conditional Commitment definition

Conditional Commitment means a conditional commitment (as defined in 10 CFR 609.2) from DOE to the Corporation in an amount not less than $2 billion, and specifying the detailed conditions to be satisfied for the DOE Financial Closing.

Conditional Commitment means a final term sheet negotiated between the Secretary and a project sponsor or sponsors, which term sheet shall be binding on both parties and become a final loan guarantee agree- ment if all conditions precedent established in the term sheet, which shall include the ac- quisition of all necessary permits and li- censes, are satisfied.’’.

Conditional Commitment means the written confirmation from the Corporation that the Corporation has reviewed and approved the Compliance Package with respect to a Mortgage Loan and the Lender may proceed to close such Mortgage Loan.

Examples of Conditional Commitment in a sentence

• Any losses will be unenforceable by the Lender to the extent that loan funds are used for purposes other than those specifically approved by USDA in its Conditional Commitment for Guarantee.

• Any losses will be unen- forceable by the Lender to the extent that loan funds are used for purposes other than those specifically approved by FmHA or its successor agency under Public Law 103–354 in its Conditional Commitment for Guarantee.

• The lender must assist the Agency in ensuring that the borrower complies with the Agency’s environ- mental review requirements and imple- ments any mitigation measure identi- fied in the environmental review docu- ment or Conditional Commitment for Guarantee.

• Any losses will be unenforceable by the Lender to the extent that loan funds were used for purposes other than specifically approved by USDA in its Conditional Commitment or approved amendment thereof.

• No Mortgage Loan shall be closed without receipt of the Conditional Commitment.

More Definitions of Conditional Commitment

Conditional Commitment. The Conditional Commitment, dated as of February 13, 2010, between DOE and the Borrower.

Conditional Commitment means the Conditional Commitment Letter from Lender and accepted by SMC dated September 9, 1996, together with the Special Stipulations Rider and Exhibit A and Exhibit B attached thereto.

Conditional Commitment meansa Term Sheet offered by DOE and accepted by the Applicant, with the understanding of the parties that the Applicant thereafter satisfies all specified and precedent funding obligations, and all other contractual, statutory, regulatory or other requirements.

Conditional Commitment means a conditional commitment (as defined in 10 CFR 609.2) from DOE to the Company in an amount not less than $2 billion, and specifying the detailed conditions to be satisfied for the DOE Financial Closing.

Conditional Commitment has the meaning set forth in Section 5.03(f).

Conditional Commitment. As the context shall require, (a) the Conditional Commitment, dated as of February 13, 2010, between DOE and the Borrower and the Conditional Commitment, dated as of September 28, 2017, between DOE and the Borrower, collectively and (b) each such conditional commitment, individually.

Conditional Commitment either (i) has the meaning set forth in Title 10, Part 000, Xxxxxxx 000.0, xx xxx Xxxxxx Xxxxxx Code of Federal Regulations in effect as of the Execution Date, as may be amended or supplemented from time to time, or (ii) means any similar DOE commitment to guarantee a loan or debt obligation.