Final Commitment Letter definition

Final Commitment Letter means a letter issued by OCCR to memorialize the terms and conditions relating to the loans made out of Fund 12A and conditions relating to a proposed development and units reserved for Eligible Clients, including: (a) the terms and conditions of the loan and COSR approval; (b) any reserve requirements;
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Final Commitment Letter means a letter issued by CalHFA to memorialize the terms and conditions relating to the use of Program Funds and conditions relating to a proposed Development and units reserved for Eligible Clients, including (a) the terms and conditions of the Loan and COSR approval; (b) any reserve requirements, (c) the required Loan lien priority; and (d) any special conditions related to the Development financing or scope of rehabilitation or construction.
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Final Commitment Letter has the meaning set forth in Section 4.5.
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Examples of Final Commitment Letter in a sentence

  • No party to the Final Commitment Letter is in breach or default, and no event has occurred which with notice or lapse of time would constitute a breach or default under, or permit the termination of, the Final Commitment Letters.

  • To the Knowledge of Parent or Purchaser, no party has repudiated any provision of the Final Commitment Letter.

  • This Contract shall be governed by and construed in accordance with the laws of the State of Texas without giving effect to any conflict of law rules that would cause the application of the laws of any other jurisdiction.

  • At the Closing, the Buyer's debt financing sources fund in accordance with the Final Commitment Letter.

  • The Buyer has provided to the Seller a commitment letter from the Buyer's financing sources in the form attached hereto as Exhibit V (the "Final Commitment Letter").

  • The Buyer agrees that in the event that its financing sources default under the Final Commitment Letter, the Buyer will use commercially reasonable efforts (including, without limitation the expenditure of reasonable attorneys fees and expenses) to seek any recoverable damages and equitable relief from such financing sources as a result of the financing sources' default.


More Definitions of Final Commitment Letter

Final Commitment Letter means a letter issued by CalHFA to memorialize the terms and conditions relating to the use of Program Funds and conditions relating to a proposed Development and units reserved for Eligible Clients, including: (a) the terms and conditions of the Loan and COSR approval; (b) any reserve requirements; (c) the required Loan lien priority; and (d) any special conditions related to the Development financing or scope of rehabilitation or construction.
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