Examples of Commitment Reduction Fee in a sentence
The Borrowers may terminate the Commitment in whole or reduce the Commitment in part upon thirty (30) days' prior written notice to the Administrative Agent, and on the date so specified for termination or reduction of the Commitment, all outstanding Advances in excess of the Commitment Amount as so reduced, accrued interest, charges, any Commitment Reduction Fee, and other amounts owing to the Lenders and the Agents will be due Credit Agreement and payable in full.
Another risk is linked to the takeover of the product and its sale under the foreign company’s brand name when the product is not protected because it involves high costs and adaptation at the laws of the foreign country.Developing and increasing the reputation of a brand on a foreign market might be difficult for SMEs due to limited financial resources and the lack of information from that market.An important disadvantage of SMEs is linked to the limited access at production certification.
If the Borrowers shall terminate or reduce the Commitment in whole or in part at any time or times prior to the first anniversary of the date of this Agreement, at the effective date of each such termination or reduction they shall pay to the Lenders a Commitment Reduction Fee; provided, however, that the Borrowers shall not be required to pay a Commitment Reduction Fee more than once on the same reduced portion of the Commitment.
The City of Chiloquin is actively monitoring and pursuing rapidly emerging opportunities to bring broadband to our isolated rural community.
SECTION 3.1. Pursuant to Section 2.3(a)(ii) of the Loan and Security Agreement, the Borrower and each Class B Lender hereby agrees to permanently and irrevocably reduce the Class B Commitments to $0 and agrees that the related Commitment Reduction Fee is $0.