Commitment Limit definition

Commitment Limit shall have the meaning set forth in Article 2, below.

Commitment Limit means, at any particular date, the lesser of (x) the Amount (as it may be increased by the Banks from time to time) or (b) the Borrowing Base as most recently determined and in effect (including the effect of any Periodic Reductions).

Commitment Limit in Section 1.2 of the Credit Agreement is hereby deleted in its entirety therefrom and the following is substituted in lieu thereof:

Examples of Commitment Limit in a sentence

• The total Ancillary Commitments shall not at any time exceed the Ancillary Commitment Limit.

• The full value of such Boeing provided Promotional Support will be accounted for as part of the Commitment Limit and will correspondingly reduce the amount of Qualifying Third Party Fees that are subject to reimbursement pursuant to Article 3.1 above.

• This section 4 of the QSL Common Pool Terms only applies to Committed Pools.In order to minimise the risk of Participants not supplying sufficient Raw Sugar to meet their obligations and to restrict the financial impact on QSL of the commitment of Raw Sugar by Participants to the Pricing Platform Pools, there will be a Commitment Limit on the amount of a Participant’s Committed Sugar at any point in time.

• This section 4 of the QSL Common Pool Terms only applies to Committed Pools.In order to minimise the risk of Participants not having sufficient Raw Sugar attributable to them suppliedto meet their obligations and to restrict the financial impact on QSL of the commitment of Raw Sugar by Participants to the Pricing Platform Pools, there will be a Commitment Limit on the amount of a Participant’s Raw Sugar that can be allocated to Committed Pools at any point in time.

• Upon the Borrower’s request from time to time, the Agent will provide to Borrower interest rate swap quotes for interest rate Hedge Agreements pertaining to the Loan, not to exceed the Commitment Limit or the Maturity Date.

More Definitions of Commitment Limit

Commitment Limit means at any time the lesser of (a) $20,000,000.00 or (b) the then existing Borrowing Base.

Commitment Limit means, at any particular date, the lesser of (a) the Amount (as it may be increased by the Banks from time to time) or (b) the Borrowing Base as most recently determined and in effect (including the effect of any Periodic Reductions), provided, however, that when a Defaulting Bank shall exist, Commitment Limit shall mean, at any particular date, the lesser of (x) the Amount minus the Defaulting Bank Unfunded Portion or the Borrowing Base minus the Defaulting Bank Unfunded Portion.

Commitment Limit means, at any particular date, the LESSER of (a) the Amount or (b) the Borrowing Base then in effect.

Commitment Limit has the meaning given to it in clause 2.3 (Reduction in Available Commitment).

Commitment Limit means the maximum amount of the subordinated loan granted by Banco Popolare as indicated in the Subordinated Loan Agreement, save for the further increase that may be determined unilaterally by Banco Popolare through a written notice to the Guarantor.

Commitment Limit means the dollar amount listed as the Commitment Limit on the signature page to this Agreement.

Commitment Limit means the maximum amount granted by Banco Popolare under the Subordinated Loan Agreement, save for any further increase that may be determined unilaterally by Banco Popolare as Subordinated Loan Provider and notified to the Guarantor.