Examples of Interim Loan Commitment in a sentence
Such Senior Interim Loans (i) shall be incurred and maintained (except as provided in Section 2.6 and Section 2.10) as LIBOR Loans, (ii) may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed, (iii) shall not exceed for any such Lender the Senior Interim Loan Commitment of such Lender and (iv) shall not exceed in the aggregate the Total Senior Interim Loan Commitment.
The making of a Loan by an SPV hereunder shall utilize the Senior Interim Loan Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender.
In connection with any syndication of all or a portion of the Senior Loan Commitments and/or the Interim Loan Commitments, the rights and obligations of each of the Lenders hereunder may be assigned, in whole or in part, as provided above, and upon such assignment, such Lender shall be relieved and novated hereunder from the obligations of such Lender with respect to any portion of its Senior Loan Commitment or Interim Loan Commitment that has been assigned as provided above.
The Interim Loan Commitment is duplicative of, and not in addition to, the Facility-2 Commitment, and utilization or reduction of one shall automatically utilize or reduce the other.
Subject to the terms and conditions set forth in this Agreement, QUALCOMM agrees to make, or cause to be made, Additional Interim Loans to Borrower from time to time after the applicable conditions precedent in Section 3 have been satisfied (or waived by QUALCOMM) in an aggregate amount up to $100,000,000.00 (the "Additional Interim Loan Commitment").
Such Senior Subordinated Interim Loans (i) shall be incurred and maintained (except as provided in Sections 2.6 and 2.10) as LIBOR Loans, (ii) may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed, (iii) shall not exceed for any such Lender the Senior Subordinated Interim Loan Commitment of such Lender and (iv) shall not exceed in the aggregate the Total Senior Subordinated Interim Loan Commitment.
The repayment of Additional Interim Loans shall not reinstate the Additional Interim Loan Commitment.
Auditor Otto moved to approve this request and adopt Resolution No. MHFA 11-047: Resolution Approving Economic Development and Housing Challenge Fund Interim Loan Commitment to Twin Cities Community Land Bank.
Such Senior Interim Loans (i) shall be incurred and maintained (except as provided in Section 2.6 and 2.10 hereof) as LIBOR Loans, (ii) may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed, (iii) shall not exceed for any such Lender the Senior Interim Loan Commitment of such Lender and (iv) shall not exceed in the aggregate the Total Senior Interim Loan Commitment.
Subject to the terms and conditions set forth in this Agreement, QUALCOMM agrees to make Interim Loans to Borrower from time to time on or after the applicable conditions precedent in Section 3 have been satisfied (or waived by QUALCOMM) in an aggregate amount up to the lesser of (i) QUALCOMM's unused Facility-2 Commitment (which is $96,000,000.00 as of the Signing Date) and (ii) $60,000,000.00 (the "Interim Loan Commitment").