Examples of Institutional Lender in a sentence
Under the clause, the obligation of Purchaser to purchase under the contract of sale is contingent on Purchaser’s obtaining a mortgage Commitment letter from an Institutional Lender within the number of days specified for the amount specified.
Tenant shall cause loan documents with the Recognized Mortgagee, Recognized Mezzanine Lender and Institutional Lender providing C- PACE financing to contain a provision requiring that such Institutional Lender shall comply with all reasonable estoppel requests of Owner.
Notwithstanding anything in this Article 5 to the contrary, if a Mortgagee (provided such Mortgagee is an Institutional Lender) requires Tenant to deposit funds to ensure payment of such Impositions, any amount so deposited by Tenant with such Mortgagee will be credited against the amount, if any, which Tenant would otherwise be required to deposit under this Article 5.
No lender (whether a Recognized Mortgagee, Recognized Mezzanine Lender, Institutional Lender providing C-PACE financing or otherwise) shall have the right to apply any award proceeds paid in connection with any taking toward payment of any debt owed to such lender to the extent that this Lease requires that Tenant effect a Condemnation Restoration with such proceeds.
Purchaser may submit an application to registered Mortgage Broker instead of applying directly to an Institutional Lender.