Mortgage Loan Commitment definition
Mortgage Loan Commitment means, for each Lender, the amount set forth opposite such Lender's name in Schedule 2 directly below the column entitled "Mortgage Loan Commitment," and in the aggregate, as set forth in Schedule 2 below such column in the row entitled "Total", as same may be adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 11.4.
Mortgage Loan Commitment means that certain revised Mortgage Loan Commitment dated October 18, 2005, and accepted by Borrower on October 18, 2005, the terms of which are incorporated herein by reference and which control to the extent inconsistent with this Loan Agreement, a copy of which is attached hereto as Exhibit “B”.
Mortgage Loan Commitment means $680,000.00.
Examples of Mortgage Loan Commitment in a sentence
Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Lender agrees, severally and not jointly, to make a single loan (such loan, a “Mortgage Loan”) to Borrowers in Dollars during the Mortgage Loan Draw Period in a principal amount not exceeding such L▇▇▇▇▇’s Mortgage Loan Commitment.
More Definitions of Mortgage Loan Commitment
Mortgage Loan Commitment means, as to any Lender, the amount initially set forth opposite its name in the grid set forth below (which grid shall be added to and incorporated by reference into Schedule 1.01.1 of the Credit Agreement), and thereafter on any relevant Assignment And Assumption, as such amount may be adjusted from time to time in accordance with this Agreement, and “Mortgage Loan Commitments” means the aggregate Mortgage Loan Commitments of all of the Lenders. Lender Mortgage Loan Commitment Mortgage Loan Commitment Percentage Manufacturers and Traders Trust Company $ 4,602,000 75 % BMO H▇▇▇▇▇ Bank N.A. $ 1,534,000 25 % TOTAL $ 6,136,000 100 %
Mortgage Loan Commitment means Two Million Eight Hundred Thousand and 00/100 Dollars ($2,800,000.00).
Mortgage Loan Commitment means, with respect to each Lender, the commitment of such Lender to make a single Mortgage Loan on the Closing Date pursuant to Section 2.1(c) in an aggregate amount not exceeding the amount of such Lender’s Mortgage Loan Commitment as set forth on Schedule 2.1 or in the Assignment and Assumption pursuant to which such Mortgage Lender shall have assumed its Mortgage Loan Commitment, in accordance with Section 10.4(b), as applicable, as such Mortgage Loan Commitment may be adjusted from time to time pursuant to Section 2.5 or pursuant to assignments by or to such Lender pursuant to Section 10.4. The aggregate amount of the Mortgage Loan Commitments on the Closing Date is up to $3,120,000.
Mortgage Loan Commitment means the standby commitment issued to the Partnership by the Lender under date of April 22, 1998, with respect to the Mortgage Loan.
Mortgage Loan Commitment is defined in Section 1.2 hereof.
Mortgage Loan Commitment means, as to any Lender, the amount initially set forth opposite its name in the grid set forth below (which grid shall be added to and incorporated by reference into Schedule 1.01 of the Credit Agreement), and thereafter on any relevant Assignment And Assumption, as such amount may be adjusted from time to time in accordance with this Agreement, and “Mortgage Loan Commitments” means the aggregate Mortgage Loan Commitments of all of the Lenders. Lender Mortgage Loan Commitment Mortgage Loan Commitment Percentage Manufacturers and Traders Trust Company $ 3,150,918.90 54.05 % NYCB Specialty Finance Company, LLC $ 1,181,594.59 20.27 % Huntington National Bank $ 787,729.72 13.51 % Bank of the West $ 708,956.75 12.16 % TOTAL $ 5,829,199.96 100 %
Mortgage Loan Commitment means, as to any Lender, the amount initially set forth opposite its name in the grid set forth below (which grid shall be added to and incorporated by reference into Schedule 1.01 of the Credit Agreement), and thereafter on any relevant Assignment And Assumption, as such amount may be adjusted from time to time in accordance with this Agreement, and “Mortgage Loan Commitments” means the aggregate Mortgage Loan Commitments of all of the Lenders. Manufacturers and Traders Trust Company $ 3,150,918.90 54.05 % NYCB Specialty Finance Company, LLC $ 1,181,594.59 20.27 % Huntington National Bank $ 787,729.72 13.51 % Bank of the West $ 708,956.75 12.16 % TOTAL $ 5,829,199.96 100 %