Issues have been raised whether commercial banks systematically underprice loan commitments
and whether generally accepted accounting principles provide meaningful disclosure of the economics of these commitments.
Certain factors that might cause such a difference include, but are not limited to, the company's failure to close the refinancing as anticipated due to, among other things, (a) the occurrence of a material adverse change in the condition of the property, or (b) the failure of the property's occupancy rates and rents to meet the minimum requirements described in the loan commitment
assumed Schneider's obligation under the original commitment letter to pay a loan commitment
fee or (2) by which Schneider was relieved of its obligation to pay that fee.
The automaker said it concluded a loan commitment
with the foreign financing group to meet its fund needs in overseas markets.
At the opening of the recent CGI meeting, the Leader of the Indonesian delegation, namely Coordinating Minister for Economic and Financial Affairs Saleh Afiff, did not hesitate to express his optimism that the CGI's loan commitment
for Indonesia for 1997/1998 would not decline, saying that if Japan and the United States reduced their loan commitments
, the Worm Bank and the Asian Development Bank would do something to compensate for the reductions.
Nineteen banks joined the syndicated loan facility, which was heavily oversubscribed and led to a corresponding scale-back of loan commitments
The loan commitment
is subject to lender due diligence and loan documentation.
Although nonbank entities, such as securitization pools, hedge funds, insurance companies, and pension funds, owned the smallest share of loan commitments
, they owned the largest share (62.
announces it has signed a $10,750,000 loan commitment
to refinance its River Oaks apartment community for ten years at an exceptional fixed interest rate of 5.
announces it has signed a $10 million loan commitment
to refinance its Highland Park apartment community for ten years at an excellent fixed interest rate of 6.
They can receive a firm loan commitment
in as little as five minutes," said Thomas W.
Of the total commitment, one is a $21 million loan commitment
from a major investment bank and the other is a $4 million loan commitment
from a private mezzanine lender.