Individual Loan Commitment definition

Individual Loan Commitment means, with respect to each Lender, the amount set forth opposite the name of such Lender on Schedule VI attached hereto and made a part hereof or as set forth in the applicable Assignment and Assumption Agreement, as the same may be reduced or increased from time to time pursuant to the terms of this Agreement or as appropriate to reflect any assignments to or by any Lender effectuated in accordance with the provisions of Section 18.15 hereof).

Individual Loan Commitment. With respect to each Lender, the amount set forth below opposite the name of such Lender (subject to change in accordance with the terms of this Agreement).

Individual Loan Commitment means: (a) In respect of BOH, $9,000,000; (b) In respect of FHB, $6,000,000; (c) In respect of CPB, $4,000,000; and (d) In respect of PCA, $6,000,000.

Examples of Individual Loan Commitment in a sentence

• Any amounts received by the Administrative Agent in respect of a Defaulting Lender’s Individual Loan Commitment shall not be paid to such Defaulting Lender and shall be held by the Administrative Agent and paid to such Defaulting Lender upon the Defaulting Lender’s curing of its default.

• No payment or prepayment of principal under any of the Notes shall be made without a concurrent payment or prepayment of principal under the other Notes, and all principal amounts paid or prepaid on the Notes shall be shared among the Lenders pro rata, in accordance with their respective Individual Loan Commitment Percentages.

• Upon such assumption and the payment by the Replacement Lender to Administrative Agent of a fee, for Administrative Agent's own account, in the amount of $3,500, the Replacement Lender shall become a "Lender" for all purposes hereunder, with an Individual Loan Commitment in an amount equal to the Delinquency Amount, and the Delinquent Lender's Individual Loan Commitment shall automatically be reduced by the Delinquency Amount.

• Should any undesired switching occur from Master to AUX, switching time can be increased to eliminate it.

• Subject to and upon the terms and conditions set forth herein, each Lender severally and not jointly hereby agrees to make a Loan to Borrower in the aggregate principal amount equal to the amount of such Lender’s Individual Loan Commitment, which, for the avoidance of doubt, shall in the aggregate equal the principal amount set forth in the Initial Note.

More Definitions of Individual Loan Commitment

Individual Loan Commitment means, with respect to each Lender, the amount set forth in the table below opposite the name of such Lender (subject to adjustment in accordance with the provisions of Section 3.05, 7.16, 7.20 or 8.13 of the BLA, as incorporated herein pursuant to paragraph 5 hereof); and “Pro Rata Share” means, with respect to each Lender, the ratio of such Lender’s Individual Loan Commitment to the Loan Amount. PB Capital $ 23,852,214 NordLB $ 21,046,072 Xxxxx Fargo $ 11,224,572 LBBW $ 28,061,428 Bank of Ireland $ 14,030,714

Individual Loan Commitment. With respect to each Lender, the amount set forth below opposite the name of such Lender (subject to change in accordance with the terms of this Agreement). “Insolvency Event” — The occurrence of any of the Events of Default described in clauses (d) through (h) of the Mortgage.

Individual Loan Commitment. With respect to each Lender, the amount set forth below opposite the name of such Lender (subject to change in accordance with the terms of this Agreement). Lender Individual Loan Commitment BofA $ 88,000,000 Upon any reduction in the Total Loan Commitment, each Lender’s Individual Loan Commitment shall reduce by the Lender’s Pro Rata Share of the reduction of the Total Loan Commitment.

Individual Loan Commitment means: (a) In respect of Bank of Hawaii, $8,050,000 with respect to the Original Facility, subject to further permanent reduction from time to time in accordance with the terms of the Loan Agreement, and $7,500,000 with respect to the Village Course Facility.

Individual Loan Commitment means, subject to further reductions pursuant to the provisions of Section 2.06 of this Loan Agreement: (1) In respect of Bank of Hawaii, $14,000,000 during the Initial Period and on and after each Commitment Reduction Date and until the next Commitment Reduction Date, if any, an amount equal to the difference of (x) Bank of Hawaii's Individual Loan Commitment immediately before giving effect to the reduction to occur on such Commitment Reduction Date, minus (y) the product of (i) the Aggregate Loan Commitment Reduction Amount which is to occur on such Commitment Reduction Date, multiplied by (ii) Bank of Hawaii's Individual Loan Commitment Percentage. As of the date of this Amendment and Restatement, Bank of Hawaii's Individual Loan Commitment is equal to $6,750,000, subject to further permanent reduction from time to time in accordance with the terms of this Loan Agreement. (2) In respect of First Hawaiian Bank, $13,000,000 during the Initial Period and on and after each Commitment Reduction Date and until the next Commit- ment Reduction Date, if any, an amount equal to the dif- ference of (x) Xxxst Hawaiian Bank's Individual Loan Com- mitment immediately before giving effect to the reduction to occur on such Commitment Reduction Date, minus (y) the product of (i) the Aggregate Loan Commitment Reduction Amount which is to occur on such Commitment Reduction Date, multiplied by (ii) First Hawaiian Bank's Individual Loan Commitment Percentage. As of the date of this Amendment and Restatement, First Hawaiian Bank's Individual Loan Commitment is equal to $6,300,000, subject to further permanent reduction from time to time in accordance with the terms of this Loan Agreement. (3) In respect of Bank of America, National Trust and Savings Association, $9,000,000 during the Ini- tial Period, as heretofore permanently reduced from time to time. Pursuant to the BOA Purchase, as described in the recitals of this Amendment and Restatement, BOA has no interest in, to or under the Loan Agreement or the other Loan Documents, and BOA's Individual Loan Commitment is equal to zero ($0.00). (4) In respect of Central Pacific Bank, $4,000,000 during the Initial Period and on and after each Commitment Reduction Date and until the next Commitment Reduction Date, if any, an amount equal to the difference of (x) Central Pacific Bank's Individual Loan Commitment immediately before giving effect to the reduction to occur on such Commitment Reduction Date, minus (y) the product of (i...

Individual Loan Commitment. With respect to each Lender, the amount set forth below opposite the name of such Lender (subject to change in accordance with the terms of this Agreement): Lender Individual Loan Commitment PB Capital $ 61,147,786 NordLB $ 53,953,928 Wxxxx Fargo $ 28,775,428 LBBW $ 71,938,572 Bank of Ireland $ 35,969,286 "Initial Advance" -- The first advance of Loan proceeds to be made hereunder.

Individual Loan Commitment. With respect to each Lender, the amount set forth below opposite the name of such Lender (subject to adjustment in accordance with the provisions of Section 8.05). Lender Individual Loan Commitment UBS $90,000,000