Examples of Senior Commitment in a sentence
All insurance, expropriation and condemnation proceeds relating to the Property shall be dealt with and applied, whether before or after any Event of Default under or in respect of the Senior Indebtedness or the Subordinate Indebtedness, in accordance with the provisions of the Senior Commitment Letter and/or the Senior Security notwithstanding any provision to the contrary in the Subordinate Security.
The selected Proposer must obtain and provide an executed Senior Commitment to HFCRD within six (6) months of the project Proposal being approved by the Board of County Commissioners, and unless extended per Section 18 of this RFP, within one (1) year of proposal being approved by the BOCC close on Construction Financing.
The selected Applicant must obtain and provide an executed Senior Commitment to HFCRD within six (6) months of the project Application being approved by the Board of County Commissioners, and unless extended per Item 18 (page 13) of this RFA, within one (1) year of Application being approved by the BOCC close on Construction Financing.
Reference to the Target would not be included in financing for an unsolicited bid.[ Annotated Senior Commitment Letter]more meetings of prospective Lenders.
The sample language has been qualified to consider all Information taken as a whole, together with any available public filings, in order to partially compensate for the differences between the bank syndication and public offering processes.[ Annotated Senior Commitment Letter]are made]8.