Firm Financing Commitment

Firm Financing Commitment. Shall mean the written obligation of a lender to provide mortgage financing to Buyer in connection with the acquisition of a Remaining Property or the Bulk Sale Properties (as the case may be) which evidences the payment of a conventional commitment fee on the part of the Buyer, or, if Buyer elects to acquire a Remaining Property subject to the applicable Existing Indebtedness, evidence reasonably satisfactory to the applicable Seller that the holder of such Existing Indebtedness is inclined to... consent to such transaction. View More