Commitment Deposit definition

Commitment Deposit. [Section 3.5] $33,015.50 Security Deposit: [Section 3.6] $450,000.00, subject to reduction as set forth in Section 3.6 hereof
Sample 1Sample 2
Commitment Deposit has the meaning given in Clause 3.1; Company has the meaning given in Recital (A); Completion means the transfer of the Shares and the payment of the Initial
Sample 1
Commitment Deposit has the meaning set forth in Section 2.2(a);
Sample 1

Examples of Commitment Deposit in a sentence

  • For purposes of calculating any amount of refund of the Title Commitment Deposit, the amount of the title policy shall be calculated based on an amount of insurance equal to the total value of the Successful Bid for the Endowment Land plus the Appraised Value of the Personal Property, even if the amount of insurance actually acquired by Xxxxx is less than said amount.

  • If Xxxxx acquires a title policy from the Title Company, then the Title Commitment Deposit shall be applied towards the premium for such title policy, and any portion of the Title Commitment Deposit in excess of the said premium, if any, shall be refunded to Buyer.

  • If Buyer acquires a title policy from the Title Company, then the Title Commitment Deposit shall be applied towards the premium for such title policy, and any portion of the Title Commitment Deposit in excess of the said premium, if any, shall be refunded to Buyer.

  • Allocations, Deposits and Reductions of the Spread Cash on Payment Account and the Payment Provider Commitment Deposit in Provider Amount Due Amount Paid Spread Account Commitment ------------------------------------------------------------------ i.

  • If Buyer fails to purchase a title policy from the Title Company, then the Title Commitment Deposit shall be calculated in an amount equal to one-half (½) of what the premium would have been if title insurance had been acquired up to the amount of the Title Commitment Deposit, which amount shall be paid to or retained by the Title Company as a cancellation fee, and the difference, if any, shall be refunded to Buyer.

  • For purposes of calculating any amount of refund of the Title Commitment Deposit, the amount of the title policy shall be calculated based on an amount of insurance equal to the total value of the Successful Bid for the Endowment Land plus the Appraised Value of the Personal Property, even if the amount of insurance actually acquired by Buyer is less than said amount.

  • If Buyer fails to purchase a title policy from the Title Company, then the Title Commitment Deposit shall be calculated in an amount equal to one-half (½) of the amount the premium would have been if title insurance had been acquired up to the amount of the Title Commitment Deposit, which amount shall be paid to or retained by the Title Company as a cancellation fee, and the difference, if any, shall be refunded to Buyer.

  • If a Proposal is declined, the Applicant will be notified and the Marketing Commitment Deposit, less the Administration Fee of US$500, returned.

  • This Administration Fee will be waived and returned to Authorized Applicants together with the total amount of the Marketing Commitment Deposit.

  • The Company paid $4,500,000 as a non-refundable Commitment Deposit to Ridley Terminals Inc.


More Definitions of Commitment Deposit

Commitment Deposit means the sum of Thirty-Two Thousand Seven Hundred Fifty-Four and 17/100 Dollars ($32,754.17), and the overage previously paid by Tenant for such Commitment Deposit shall be promptly refunded by Landlord to Tenant.
Sample 1

Related to Commitment Deposit

  • 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 Date has the meaning specified in Section 2.18(b).

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

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

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Applicable Facility Fee means the percentage set forth in the table below corresponding to the Level at which the Ratings-Based Applicable Margin is determined in accordance with the definition thereof: 2 0.125 % 3 0.150 % 4 0.200 % 5 0.250 % 6 0.300 % Any change in the applicable Level at which the Ratings-Based Applicable Margin is determined shall result in a corresponding and simultaneous change in the Applicable Facility Fee.

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • Unused Commitment Fee has the meaning specified in Section 2.12(a) (Fees).

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Commitment Fees has the meaning set forth in Section 2.11(a).

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Available Commitment means a Lender’s Commitment minus:

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.