Material Commitments definition

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..
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Material Commitments. As defined in Section 4.8(a).
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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.
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Examples of Material Commitments in a sentence

  • As used in this Section 10.18, the term "Material Commitments" means each Contract of TXEN which obligates TXEN to sell, license, distribute, deliver or provide products or services for a consideration in excess of $25,000 or over a period of more than one (1) month.

  • Material Commitments for Capital Expenditures The Bank’s capital expenditures in 2022 included expenses for IT-related activities on systems and licenses, and upgrade of bank premises including infrastructure, furniture, fixtures and equipment.

  • Except as set forth on Schedule 4.4(b), the execution, delivery and performance of this Agreement by Seller will not conflict with, or result in the breach of, termination of, give rise to any lien (other than a Permitted Encumbrance) or constitute a material default under, or require the consent of any other party to, any Material Commitments to which Seller is a party or by which Seller or any of the Purchased Assets are bound.

  • 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.

  • Seller has delivered or made available to Buyer true and correct copies of each of the Material Commitments, each as amended to date, as listed on Schedule 4.4(a).

  • Each Party acknowledges that the Material Commitments were a key factor in each Party’s execution of this agreement.

  • Material Commitments for Capital Expenditures The Bank’s capital expenditures in 2018 included expenses for fifteen (15) new on-site & off-site ATMs, upgrade of bank premises including infrastructure, furniture, fixtures and equipment, IT-related activities on systems and licenses.

  • Except as otherwise specifically provided in the Plan of Reorganization, on and after the Effective Date, the Reorganized Debtor, shall, in the ordinary course of business and without any further notice to or action, order, or approval of the Bankruptcy Court, pay in Cash the reasonable legal, professional, or other fees and expenses related to implementation and consummation of the Plan of Reorganization incurred by the Reorganized Debtor after the Effective Date.

  • Finally, the code includes a reporting structure for violations, which states thatEvery officer and director .

  • INVENTORY: all Inventory related to the manufacture and production of Wilshire Contamination Control Products including all Raw Materials, Work in Process, Material Commitments for Open PO's and Finished Goods.


More Definitions of Material Commitments

Material Commitments has the meaning set forth in Section 3(k).
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Material Commitments shall have the meaning set forth in Section 3.01. “MOU” shall have the meaning set forth in the Recitals.
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Related to Material Commitments

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Financial Commitment means the legally binding undertaking of the Operator to mobilize the financial requirements of the project, for ensuring the completion of the project;

  • Commitments means the Revolving Commitments and the Term Loan Commitments.

  • Additional Commitments means any commitments hereunder added pursuant to Section 2.22, 2.23 or 9.02(c).

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • Revolver Commitments means the aggregate amount of such commitments of all Lenders.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Refinancing Commitments shall have the meaning provided in Section 2.15(b)(i).

  • 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.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Term Commitments means a Term B Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $500,000,000.

  • Financing Commitments has the meaning set forth in Section 5.7.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • New Revolving Commitments has the meaning assigned to such term in Section 2.04.

  • New Commitments has the meaning set forth in Section 2.18(a).

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Total Commitments means the aggregate of the Commitments of all the Lenders.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.