USDA Conditional Commitment definition

USDA Conditional Commitment means the Conditional Commitment, dated May 24, 2023, issued by the USDA, Rural Business Cooperative Services for the issuance of the USDA Guarantee under the USDA’s Rural Energy for American Program (“REAP”), together with any amendments or supplements thereto, whether now existing or hereafter arising, together with any modifications or amendments thereto, all such requirements, terms and conditions being incorporated by reference herein.
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USDA Conditional Commitment means the USDA Conditional Commitment for Guarantee dated January 11, 2021, a copy of which is attached hereto as Exhibit B and incorporated herein by reference.
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USDA Conditional Commitment means, individually and collectively, that certain Conditional Commitment issued by the United States Department of Agriculture, Rural Business Cooperative Services for the issuance of the USDA Guarantee for the B & I Loan, with an approved date of May 19, 2022, together with any amendments or supplements thereto, whether now existing or hereafter arising, together with any modifications or amendments thereto, all such requirements, terms and conditions being incorporated by reference herein, and that certain Conditional Commitment issued by the United States Department of Agriculture, Rural Business Cooperative Services for the issuance of the USDA Guarantee for the REAP Loan, with an approved date of May 19, 2022, together with any amendments or supplements thereto, whether now existing or hereafter arising, together with any modifications or amendments thereto, all such requirements, terms and conditions being incorporated by reference herein.
Sample 1

Examples of USDA Conditional Commitment in a sentence

  • Current Commitment 6.1 On-going contractsThe total value of remaining works (based on certified IPC) for the ongoing contracts with the Authority, must not exceed KShs.

  • Bank shall have received a USDA Conditional Commitment for a USDA Rural Development B & I Loan Note Guaranty of 80% for the Loan in form and substance acceptable to Bank.

  • As long as any of the Obligations remain outstanding, each Obligor shall comply with all requirements, terms and conditions set forth therein and under the USDA Conditional Commitment.

  • Player A receives 5 Euros when staying Out, 0 Euros when going In with a player B who does not Roll, or either 12 Euros (with 5/6 chance) or 0 Euros (with 1/6 chance) if player B chooses to Roll.The experiment took place at a large university in a medium-sized city in France, between April 2017 and February 2018.

  • The proceeds of the Loan may only be used to pay for costs of constructing the Project, to pay interest on the Loan, for working capital and closing costs, and for the purposes directed with respect to each of the Project Accounts, in each case as approved by Xxxxxx and in accordance with the provisions of the USDA Conditional Commitment and the USDA Guarantee.

  • The Loan is expected to be repaid from the proceeds of a term loan in the principal amount of $25,000,000, to be guaranteed by one or more USDA Guarantees issued by the USDA pursuant to a USDA Conditional Commitment.

  • Such amount shall not be increased year over year unless (a) an after-tax profit was made in the preceding fiscal year, (b) Borrowers are and will remain in compliance with the provisions of this Agreement and the USDA Conditional Commitment, (c) all of such Borrower’s debts are paid to a current status, (d) Borrowers have been current with the Loan payments for twelve (12) consecutive months, and (e) such Borrower has obtained Bank’s prior written approval.

  • The purpose of the Loan is to finance the development of commercial scale 30 acre greenhouse in Pulaski County, Kentucky (the “Project”), per the provisions of the Borrower’s application submitted to the USDA for issuance of the USDA Guarantee and the USDA Conditional Commitment including any USDA approved amendments thereto.

  • A term loan in the principal amount of at least $25,000,000, as approved under the USDA Conditional Commitment, fails to close for any reason and the proceeds used to repay the Loan.

  • Borrowers shall have satisfied any and all conditions required by USDA to obtain USDA’s unconditional guarantee of eighty percent (80%) of the original principal amount of the Loan, as set forth in the USDA Conditional Commitment.


More Definitions of USDA Conditional Commitment

USDA Conditional Commitment means the Conditional Commitment for Guarantee, Form RD 4279-3, issued to Lender on October 08, 2020, and all exhibits and amendments thereto, for the issuance of a Loan Note Guarantee for 90% of the principal amount of the Loan plus up to 90-days interest thereon.
Sample 1

Related to USDA Conditional Commitment

  • Additional Commitment means any commitment hereunder added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Additional Commitments means any commitments hereunder added pursuant to Section 2.22, 2.23 or 9.02(c).

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Additional Commitment Lender shall have the meaning provided in Section 2.15(c).

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Commitment Increase Notice as defined in Section 2.1(b).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Term Commitment Increase has the meaning specified in Section 2.14(a).

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.