Commitment Limit Clause Samples
A Commitment Limit clause sets a maximum threshold on the amount or value that a party is obligated to provide or commit under an agreement. In practice, this means that a lender, supplier, or service provider will not be required to extend credit, deliver goods, or perform services beyond the specified limit, regardless of subsequent requests or demands. This clause is essential for managing financial exposure and risk, ensuring that parties have clear boundaries on their obligations and preventing overextension beyond agreed-upon terms.
Commitment Limit. As more particularly set forth in this Letter Agreement, Boeing agrees to provide Promotional Support to Customer during the Performance Period in a value of [***] for the first Covered Aircraft delivered to Customer and [***] per Covered Aircraft for each Covered Aircraft delivered to Customer thereafter.
Commitment Limit. At the time of and immediately after giving effect to such advance of Tranche 1 Incremental Term Loans, the aggregate principal amount of Tranche 1 Incremental Term Loans advanced to Borrowers during the Tranche 1 Incremental Term Loan Availability Period shall not exceed the Tranche 1 Commitments; and
Commitment Limit. The amount of the requested Advance plus the aggregate original principal amount of all other Loans (after taking into consideration any and all other contemporaneous Advances being made by the Lenders) shall not exceed four and one-quarter (4.25) multiplied by the Companies' consolidated Adjusted Net Operating Income for the most recently ended twelve (12) month period.
Commitment Limit. The total of (1) the amount of the Loans, and (2) any other amounts owed by IDI to Lender under this Agreement, the Note, the Security Agreement or any other document entered into in connection with this Agreement, shall not exceed $6,500,000 (the "Commitment Limit").