Refinancing Commitment definition

Refinancing Commitment means any commitment from or other agreement with any Person providing for the financing of the Property, some or all of the proceeds of which are intended to be used for the repayment of all or a portion of the Loan.

Refinancing Commitment means a Refinancing Revolving Commitment or a Refinancing Term Loan Commitment.

Refinancing Commitment means a Refinancing Revolving Commitment or a Refinancing Term Commitment.

Examples of Refinancing Commitment in a sentence

• On any Refinancing Facility Closing Date on which any Refinancing Commitments of any Class are effected, subject to the satisfaction of the terms and conditions in this Section 2.24, each Refinancing Lender of such Class shall make a Loan to the Borrower (a “Refinancing Loan”) in an amount equal to its Refinancing Commitment of such Class.

• Subject to the terms and conditions set forth herein, each 2018 Refinancing Term Lender severally agrees to make Loans in dollars to the Borrower on the Amendment No. 1 Effective Date in an aggregate principal amount equal to such 2018 Refinancing Term Lender’s 2018 Refinancing Commitment.

• However, notwithstanding any other provision of this Section 5.5, the Purchaser shall not be required to take any action under this Section 5.5 which would violate any provision of the Refinancing Commitment or the Financial Assurance Commitment without the prior written consent of the financial institutions which are parties to such commitments.

• Subject to the terms and conditions set forth herein and in Amendment No. 2, each 2021 Refinancing Term Lender severally agrees to make Loans in dollars to the Borrower on the Amendment No. 2 Effective Date in an aggregate principal amount equal to such 2021 Refinancing Term Lender’s 2021 Refinancing Commitment.

• Notwithstanding the terms of the Management Contract as amended by the Amendment to Management Contract, Company and Borrower agree that no Operations Transition Fee (as defined in the Management Contract) shall be payable upon closing under any Refinancing Commitment or upon any sale or refinancing of a Project or other management transition on or after the Effective Date.

More Definitions of Refinancing Commitment

Refinancing Commitment means the commitment of each Lender, pursuant to Section 2.21 to make a Refinancing Term Loan to the Borrower.

Refinancing Commitment means capital commitments reasonably satisfactory to the Purchaser which are sufficient to (i) pay the Cash Payment, (ii) refinance all of the Purchaser's outstanding indebtedness immediately prior to the Closing, (iii) provide collateral for required Financial Assurance, (iv) fund the payment of all reasonable costs and expenses of the transactions described in this Agreement and (v) provide ongoing funding for working capital needs and general corporate purposes. Such capital commitments shall contain normal and customary conditions including material adverse change but excluding syndication and due diligence.

Refinancing Commitment has the meaning assigned to such term in Section 2.07(a).

Refinancing Commitment a legally binding commitment from any non-Lender to provide debt financing to Borrower prior to Borrower entering into an agreement with such non-Lender debt provider.

Refinancing Commitment has the meaning set forth in Section 7 of the Fifth Amendment.

Refinancing Commitment means Borrowers' agreement to perform, observe and comply with the following obligations and requirements:

Refinancing Commitment means a bona fide and fully executed written commitment for the refinancing (including a sale-leaseback transaction) of a Refinancing Project: (a) from an institutional lender approved by Lenders; (b) providing for the satisfaction or lapse of all due diligence contingencies to the lender's performance not later than August 15, 2002; provided, however that, after lapse otherwise of the due diligence contingency period, the lender under such Refinancing Commitment may retain a contingency for approval only of results of a routine updating of the title search immediately prior to closing, but with respect only to items first disclosed by the update; (d) a closing not later than the earlier of (i) forty-five (45) days after the date of the Refinancing Commitment and (ii) September 27, 2002, with application of the refinancing proceeds to payment of the release price on the Project Loans as contemplated by Section 2.3 of this Agreement; and (e) otherwise reasonably acceptable to Lenders. "Refinancing Project" shall mean any of the following Projects: (a) Beaverton Project; (b) Bend Project; and (c) Troutdale Project. "Release Price" shall mean the amounts required to be received by KCCI upon the sale of a Sales Project or upon the refinancing of a Refinancing Project, to entitle Borrower or Company to the release of a lien upon such Project created by the Credit Documents and a release from escrow of all Transfer Documents relating to such Project. -7- "Release" shall mean, for each Project, a release document as to the lien of the Security Documents held by KCCI and encumbering such Project, such Release to be substantially in the form attached hereto as Exhibit H, modified as appropriate to conform to the laws and practices of the state in which the Project(s) to be released is (are) located, together with releases and terminations of UCC Financing Statements. "Required Licenses and Approvals" shall mean all licenses or approvals required for the operation of a Project as an assisted living or dementia/Alzheimer's facility. "Residency Agreement" shall mean a sublease or other agreement between Borrower or the Manager and an individual resident entitling the resident to occupancy of a unit at a Project. "Revenue Journal" shall mean a monthly report in the form attached hereto as Exhibit K for each Project, showing all fees and charges payable for such month by each resident of a Project pursuant to the applicable Residency Agreement. "Sales Contract" shall me...