Material Commitments means commitments to extend credit which, if extended, would constitute Debt of the Borrower and/or one or more of its Subsidiaries in an aggregate amount exceeding $35,000,000. For purposes of this definition, any commitment for less than $1,000,000 shall be excluded, but commitments arising from one or more related or unrelated transactions shall be aggregated if each such commitment is for $1,000,000 or more.
Material Commitments has the meaning set forth in Section 3(k).
Material Commitments. As defined in Section 4.8(a).
Examples of Material Commitments in a sentence
Each Party acknowledges that the Material Commitments were a key factor in each Party’s execution of this agreement.
If SYTE fails to complete its Material Commitments and does not cure its breach within sixty (60) days of receiving notice of such breach from any Cleveland Partner, then the Cleveland Partners may, upon a majority vote, agree to terminate this Agreement.
More Definitions of Material Commitments
Material Commitments. As defined in Section 4.9(a). MMT: Xxxx & Xxxxxx Mail and Messaging Company, a Delaware corporation, and its successors and permitted assigns, including any successor, whether by way of merger, acquisition, reorganization or otherwise, to its business operations.
Material Commitments shall have the meaning set forth in Section 3.01. “MOU” shall have the meaning set forth in the Recitals.