Commitment Amount definition

Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

Commitment Amount means, with respect to any Revolving Obligation or Delayed Drawdown Collateral Obligation, the maximum aggregate outstanding principal amount (whether at the time funded or unfunded) of advances or other extensions of credit at any one time outstanding that the Issuer could be required to make to the Obligor under the Underlying Instruments relating thereto or to a funding bank in connection with any ancillary facilities related thereto.

Examples of Commitment Amount in a sentence

• The Company has no reason to believe that it will be unable to incur or be deemed to incur, on or after the Closing Date and on or before the Termination Date or that it will be unable to renounce to the FT Purchasers effective on or before December 31, 2023, Qualifying Expenditures in an aggregate amount equal to the Commitment Amount and the Company has no reason to expect any reduction of such amount by virtue of subsection 66(12.73) of the Tax Act.

• The Company shall not be subject to the provisions of subsection 66(12.67) of the Tax Act in a manner which impairs its ability to renounce Qualifying Expenditures to the applicable FT Purchasers in an amount equal to the Commitment Amount and shall promptly notify the FT Purchasers in the event that it becomes aware of or is informed of an issue in relation to its ability to claim such Qualifying Expenditures.

• The Company will use the Commitment Amount to incur or be deemed to incur Qualifying Expenditures on or after the Closing Date and on or before the Termination Date and will renounce to the FT Purchasers, with an effective date no later than December 31, 2023, pursuant to subsection 66(12.6) of the Tax Act in conjunction with subsection 66(12.66) of the Tax Act where applicable, Qualifying Expenditures in an amount equal to the Commitment Amount.

• The Company has not entered into any agreements or made any covenants with any parties that would restrict the Company from entering into the FT Subscription Agreements and agreeing to incur and renounce CEE, nor that would require the prior renunciation to any other person of CEE prior to the renunciation of the aggregate Commitment Amount in favour of the FT Purchasers, other than the February 2023 FTS Offering and the April 2022 FTS Offering.

More Definitions of Commitment Amount

Commitment Amount shall have the meaning assigned to such term in Section 1.1 hereof.

Commitment Amount means the aggregate amount of up to Five Million Dollars ($5,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company’s Common Stock pursuant to the terms and conditions of this Agreement.

Commitment Amount means the aggregate amount of up to Five Million Dollars ($5,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

Commitment Amount means, (a) with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Obligation, the maximum aggregate outstanding principal amount (whether at the time funded or unfunded) of advances or other extensions of credit at any one time outstanding that the Issuer could be required to make to the Obligor under the Underlying Instruments relating thereto or to a funding bank in connection with any ancillary facilities related thereto and (b) with respect to any Revolving Obligation that is a Synthetic Security, the maximum aggregate net amount (whether at the time funded or unfunded) that the Issuer could be required to pay to the related Synthetic Counterparty thereunder.

Commitment Amount at any time and with respect to any Lender, the amount set forth adjacent to such Lender’s name under the heading “Commitment Amount” in Exhibit A at such time or, in the event that such Lender is not listed on Exhibit A, the “Commitment Amount” which such Lender shall have assumed from another Lender in accordance with Section 11.7 on or prior to such time, as the same may be adjusted from time to time pursuant to Section 2.6 and Section 11.7.

Commitment Amount means, with respect to each Bank, the amount set forth opposite the name of such Bank on Schedule 1 attached hereto, as such amount may be reduced from time to time pursuant to Section 2.08 or 9.06(c) hereof or increased from time to time pursuant to Section 9.06(c) hereof.

Commitment Amount means, for any Lender at any time, the amount set forth opposite such Lender’s name on Schedule II attached hereto or, if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(c), as such amount may be reduced pursuant to Section 2.04.