Examples of Commitment Adjustment in a sentence
After giving effect to any Canadian Revolver Commitment Adjustment, the Canadian Revolver Commitment of each Canadian Lender (and the percentage of each Canadian Revolving Loan that each Participant must purchase a Canadian Revolving Loan Participation in) shall be equal to such Canadian Lender’s (or Participant’s) Pro Rata Share of the amount of the Maximum Canadian Facility Amount.
The following table shows the distance between the outermost projections of the proposed and existing terrace balconies together with the finished floor levels.
Any such Canadian Revolver Commitment Adjustment shall be in an amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof and shall concurrently increase or reduce, as applicable, (A) the aggregate U.S. Revolver Commitments then in effect Pro Rata among the U.S. Lenders and (B) the aggregate Canadian Revolver Commitments then in effect Pro Rata among the Canadian Lenders.
To avoid this, and to promote administrative efficiency, we eliminate the offset options adopted in the Commitment Adjustment Implementation Order from the fund recovery plan.67 62 See infra para.
Based on our experience with implementation of the Commitment Adjustment Implementation Order, we now conclude that it would better serve our interest in protecting universal service funds to eliminate the offset methods adopted in that order as options for recovery of funds in the schools and libraries universal service mechanism.
To the extent that we have not clearly done so in the past, we reaffirm and adopt this policy and find that it is consistent with the requirements of the DCIA and the general intent of the Commitment Adjustment Order.
We have observed that, when used, such offset methods can result in a lengthy process that imposes a significant administrative burden on USAC.66 We note that although a service provider may fully intend to repay the outstanding debt in a timely manner when choosing the offset options adopted in the Commitment Adjustment Implementation Order, events may occur during the current or subsequent funding year which may delay or prevent payment.
Scott Barash, Vice President and General Counsel, USAC, to Magalie Roman Salas, Secretary, Federal Communications Commission, dated October 22, 1999 (Commitment Adjustment Plan).
The Billed Entity representing a school, school district, library, library consortium, or consortium of multiple entities authorized to submit Funding Commitment Adjustment Requests regarding the FCC Form 471 to which this FCC Form 500 relates, must be the entity filing the FCC Form 500 with USAC.
The Agent shall promptly inform the Lenders of any request for a Canadian Revolver Commitment Adjustment made by the Borrowers.