Commitment definition

Commitment means, as to each Lender, its obligation to (a) make Committed Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Commitment means a Term Loan Commitment or a Revolving Credit Commitment, as the context may require.

Commitment means the unfunded portion of a line of credit or other commitment reflected on the books and records of the Failed Bank to make an extension of credit (or additional advances with respect to a Loan) that was legally binding on the Failed Bank as of Bank Closing, other than extensions of credit pursuant to the credit card business and overdraft protection plans of the Failed Bank, if any.

Examples of Commitment in a sentence

• Shipper covenants and agrees that, for each calendar month during the Term, it shall pay to Operators an amount equal to the greater of (a) the actual volume of Product received at the Terminals, collectively, multiplied by the applicable Rate, or (b) the Minimum Volume Commitment multiplied by the applicable Rate.

• The Maximum Commitment Charge Rate is one-half of one percent (1/2 of 1%) per annum on the Unwithdrawn Financing Balance.

• Should Shipper fail to deliver to the Terminals, collectively, a volume equal to or greater than the applicable Minimum Volume Commitment during a given calendar month in the Term and such failure was not due to action or inaction by Operators, Shipper shall pay to Operators the Minimum Volume Commitment multiplied by the Rates.

• As of the date of this Agreement, no Financing Source has notified Amcor in writing of its intention to terminate the Debt Commitment Letter or not to provide the Debt Financing at or prior to the Closing.

• The Debt Commitment Letter, in the form so delivered, is a legal, valid and binding obligation of Amcor and Amcor Flexibles North America and, to the knowledge of Amcor, the other parties thereto, enforceable in accordance with its terms, subject to the Enforceability Exceptions.

More Definitions of Commitment

Commitment means a Term Commitment or a Revolving Credit Commitment, as the context may require.

Commitment means a Revolving Credit Commitment or a Letter of Credit Commitment.

Commitment means, as to each Lender, its obligation to (a) make Loans to the Borrower pursuant to Section 2.01, and (b) purchase participations in L/C Obligations, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Commitment has the meaning specified in Section 2.01.

Commitment means, as to each Lender, its obligation to (a) make Committed Loans to the Borrowers pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Commitment means, with respect to any Lender, such Lender’s Revolving Credit Commitment and Term Loan Commitment.

Commitment means, as to each Lender, the Revolving Commitment of such Lender.