Commitment Payment definition

Commitment Payment means for each Preferred Backstop Investor a fee equal to the Commitment Percentage of the product of (i) such Preferred Backstop Investor’s Backstop Percentage and (ii) $300 million.
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Commitment Payment has the meaning set forth in Section 3.1.
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Commitment Payment means a cash payment of $1,750,000.
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Examples of Commitment Payment in a sentence

  • The Company shall have paid each Preferred Backstop Investor such Preferred Backstop Investor’s pro rata portion of the Commitment Payment in accordance with the terms of this Agreement.

  • A per service orchestra is not eligible to elect the Annual Media Commitment Payment unless it guarantees its full season of services to a Musician core as defined in Article I.B.4 (Scope of Agreement – Per Service Orchestra Limitations).

  • To the extent that the Musicians perform IMA work in excess of the Annual Media Commitment Payment made by the Employer, the applicable discount rate shall continue to apply.

  • Payment of the Annual Media Commitment Payment does not entitle the Employer to more or different capture.

  • Such orchestras are not eligible to use the special “bulk discount” option established by Article XIX (Annual Media Commitment Payment).

  • In the event that the Employer elects the Annual Media Commitment Payment option (Article XIX), substitutes and extras shall be paid in accordance with the Annual Media Commitment Payment option provisions regarding substitute and extra Musicians.

  • This rate shall not be subject to further reduction pursuant to the provisions of Article XIX (Annual Media Commitment Payment).

  • If the Employer has an EMG in existence as of the date of this Agreement and desires to make an Annual Media Commitment Payment, the amount of any EMG not already stated as salary shall be included as part of base annual wage for the purpose of calculating the Annual Media Commitment Payment.

  • The Annual Media Commitment Payment shall be considered scale wages and be subject to pension contributions in accordance with Article XXII.

  • The movie area has a kitchen included and an adjoining room has had computers installed for resident use.


More Definitions of Commitment Payment

Commitment Payment as defined in the Payment Letter.
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Commitment Payment means for each Preferred Backstop Investor a fee equal to the Commitment Percentage of the product of (i) such Preferred Backstop Investor’s Backstop Percentage and (ii) $300 million. “Commitment Percentage” means 5%, provided such percentage shall increase by an additional 4% for each 240 day period after the Petition Date until the Subscription Commencement Date begins.
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Commitment Payment has the meaning ascribed to such term in the Payment Letter. “Company Claims/Interests” means, collectively, any Claim against or Equity Interest in a Company Party or a wholly or partially owned direct or indirect subsidiary of any Company Party.
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Commitment Payment shall have the meaning set forth in the recitals hereof.
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Commitment Payment shall have the meaning set forth in Background paragraph D above.
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Related to Commitment Payment

  • 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 means, as to each Lender, its obligation to (a) make Committed Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Loan Commitment has the meaning set forth in Section 2.1.