Commitment Notice Sample Clauses
A Commitment Notice clause defines the formal process by which one party notifies the other of its intention to commit to a specific action, obligation, or transaction under the agreement. Typically, this clause outlines the required content, format, and delivery method for such notices, ensuring that all parties are clearly informed of the commitment being made. By establishing a standardized notification procedure, the clause helps prevent misunderstandings and disputes regarding when and how commitments become effective.
Commitment Notice. (i) Eschelon’s initial Minimum EUC must be submitted to Global Crossing fifteen (15) days prior to the end of the Ramp Up Period via the Commitment Notice to the attention of Contract Administration; and (ii) At any time during the term of the Dial Up Internet Service, Eschelon may provide Global Crossing with written notification of Eschelon’s intent to increase the Minimum EUC in order to qualify for a lower Fee Per End User (the “Commitment Notice”). Such new Minimum EUC shall be provided to Eschelon via the Commitment Notice (sample attached hereto) with the new Fee Per End User rate being effective in the next full Billing Cycle following the execution date by Global Crossing of such Commitment Notice.
Commitment Notice. Promptly following the attainment by Bay Gas of satisfactory arrangements for financing, and all permits, authorizations, certificates and approvals as set forth in Section 1.1(a) and 1.1(b) consistent with the terms of this Agreement (or the waiver thereof by Bay Gas and Shipper), Bay Gas shall provide Shipper with written notice (the “Commitment Notice”) to such effect.
Commitment Notice. 29 5.3 Best Efforts. . . . . . . . . . . . . . . . . . . . . . . . . . . .29 5.4 Indemnification . . . . . . . . . . . . . . . . . . . . . . . . . .29 (a) Obligation . . . . . . . . . . . . . . . . . . . . . . . . . .29
Commitment Notice. The Investors shall have received a Commitment Notice in accordance with Section 1(e) from the Company, dated as of the Determination Date, certifying as to the number of Unsubscribed Shares to be purchased pursuant to the Backstop Commitment.
Commitment Notice. In the event that Fleet or CMP notifies ADI that any such Person is withdrawing its commitment contemplated by the applicable Bank Commitment Letter addressed to ADI and delivered by such Person, Sub shall promptly notify in writing the Company of such event.
Commitment Notice. At any time during the term, Customer may give NaviNet notice (the "Commitment Notice") of its intent to increase the Minimum UC in order to qualify for a lower Fee Per Unit. During the calendar month in which NaviNet receives the Commitment Notice and for the two subsequent months thereafter (the "Ramp-Up Period"), if the actual UC for the month is below the Minimum UC provided in the Commitment Notice, Customer shall pay a Unit Fee for that month equal to the actual UC for the month multiplied by the tier in Schedule B applicable to the Minimum UC. Thereafter, the Unit Pee shall be calculated under Section 4.1(a). If during any month of the Ramp-Up Period, the actual UC equals or exceeds the Minimum UC provided in the Commitment Notice, the Unit Fee for such month shall be calculated under Section 4.1(a) beginning with the month in which the actual UC equals or exceeds the Minimum UC.