Initial Commitment definition

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.

Initial Commitment means, in relation to an Initial Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.

Initial Commitment means with respect to each Lender, the commitment of such Lender to make a Loan on the Closing Date in the amount of such Xxxxxx’s Initial Commitment set forth on Schedule 2.01, as such commitment shall be terminated pursuant to Section 2.06.

Examples of Initial Commitment in a sentence

• For the avoidance of doubt, all of the Initial Commitment Shares shall be fully earned as of the date of this Agreement, whether or not the Commencement shall occur or any Purchase Shares are purchased by the Investor under this Agreement and irrespective of any termination of this Agreement.

• The Initial Commitment Shares shall be issued in certificated form and shall bear the Restrictive Legend.

• Notwithstanding any distribution to us, we will remain liable for and pay on demand (i) any transfer taxes paid after settlement of our account, and (ii) our proportionate share based on our Initial Commitment of all expenses and liability incurred for the Underwriters, including any liability based on the claim that the Underwriters constitute an association, unincorporated business, partnership or any separate entity.

• On the terms and subject to the conditions of this Agreement, the Lender agrees to make a term loan (the “Initial Loan”) to the Borrower on the Closing Date in an amount equal to (but not less than) the Initial Commitment Amount.

• The Initial Commitment Amount shall automatically and permanently be reduced to zero on the Initial Commitment Termination Date.

More Definitions of Initial Commitment

Initial Commitment. With respect to any Series, the aggregate initial commitment, expressed as a dollar amount, to purchase up to a specified principal balance of all Classes of such Series, which commitments shall be set forth in the related Supplement.

Initial Commitment means with respect to any Lender, such Lender’s Initial US Commitment and/or Initial Canadian Commitment.

Initial Commitment has the meaning assigned such term in Section 2.01. -------------------

Initial Commitment has the meaning set forth in the definition of the term “Commitment”.

Initial Commitment has the meaning specified in Section 2.01.

Initial Commitment has the meaning ascribed thereto in subsection 7.1.

Initial Commitment means, as to any Lender, its obligation to make Initial Term Loans to the Borrower pursuant to Section 2.01, 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 under the caption “Initial Commitment” 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; collectively, as to all Lenders, the “Initial Commitments.” The aggregate Initial Commitments of all Lenders shall be $220,000,000 on the Closing Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement.