Commitment Extension definition

Commitment Extension means an extension of the Termination Date in accordance with Section 2.20.
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Commitment Extension has the meaning specified in Section 2.7.
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Commitment Extension is defined as an increase in the financial commitment previously made. “Memoranda of Agreement (MOA)” or “Memoranda of Understanding (MOU)” is a nonbinding agreement that provides the framework for collaboration between two or more parties on a common goal or set of goals to be achieved in the future. An MOU may serve as the precursor to one or more formal written contracts between the parties.
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Examples of Commitment Extension in a sentence

  • The Commitment Period commences on the target Commencement Date unless HKT advises otherwise.■ Commitment Extension: This is the bridging period to the Commitment Period to enable customers to switch from other operators.

  • Monthly Rate within Commitment Period is waived during such bridging period for Basic Plan or Fiber-to-the-Home Plan under NETVIGATOR Service.■ Total Commitment Period: This is the total contract period for the Commitment Period and Commitment Extension.

  • The Administrative Agent and the Borrower shall promptly confirm to the Banks such extension and the Commitment Extension Effective Date.

  • The Borrower shall prepay any Committed Loans outstanding on the Commitment Extension Effective Date (and pay any additional amounts required pursuant to Section 6.5) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the Banks.

  • Agent shall promptly deliver to Lessor and each Participant three (3) copies of each Commitment Extension Request received by Agent.

  • Lessee shall pay the Commitment Extension Fee on or prior to the Business Day immediately preceding the original Commitment Termination Date.

  • Any failure by Lessor or any Participant so to execute and return a Commitment Extension Request shall be deemed a denial thereof.

  • No Commitment Extension shall result in the then-existing Maturity Date being more than five (5) years from the effective date of such Commitment Extension.

  • Lessee has executed this Commitment Extension Request on the date set forth above.

  • If Lenders constituting the Required Lenders shall have agreed to a Commitment Extension Request, then the Commitment Termination Date shall, as to the Consenting Lenders, be extended to the first anniversary of the Commitment Termination Date theretofore in effect.


More Definitions of Commitment Extension

Commitment Extension means an extension of the Termination Date pursuant to Section 2.19. “Commitment Increase” has the meaning specified in Section 2.18(a).
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Commitment Extension means an extension of the Termination Date in accordance with Section 2.20. “Commitment Increase” has the meaning specified in Section 2.19(b).
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Commitment Extension has the meaning assigned to such term in Section 2.16(a).
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Related to Commitment Extension

  • Commitment Expiry Date means the earliest to occur of (i) the date on which all amounts due and owing to the CP Conduit Purchasers and the Committed Purchasers under the Receivables Transfer Agreement and the other Transaction Documents have been paid in full, (ii) the date on which the Aggregate Commitment has been reduced to zero pursuant to the Receivables Transfer Agreement, (iii) The Termination Date, and (iv) December 31, 2007.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

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

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • 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 means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Commitment Schedule means the Schedule attached hereto identified as such.

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

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

  • Additional Commitment means any commitment hereunder added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • 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.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.