Minimum Capital Commitment definition

Minimum Capital Commitment means a capital investment of at least $7,500,000, which may include salary and compensation expenses of dedicated employees, fees for outside consultants and service providers, capital expenditures and store opening costs, and advertising, inventory and similar costs, but excluding overhead, allocated costs of Licensee’s personnel and similar allocated costs. For purposes of this Agreement, an employee shall be considered dedicated if such employee works on the Madewell Properties or Supplemental Product Line at least 75% of the time during an applicable quarter, and to the extent he/she works less than 100% of his/her time for the Supplemental Product Line the salary and compensation expense during such period shall be determined on a pro-rata basis.
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Minimum Capital Commitment means a minimum capital commitment of N$20’000’000.00 (Twenty Million Namibia Dollar), which an Investor may contribute to the SPV;
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Examples of Minimum Capital Commitment in a sentence

  • The Minimum Subscription or Minimum Capital Commitment for Qualifying Investors is EUR 100,000 (or its equivalent in other currencies) (except for Knowledgeable Persons as defined in Clause 9.5).

  • To be entered on the Register, Members must have agreed to make the Minimum Capital Commitment or must initially apply for, or acquire, Shares to the value of not less than the Minimum Subscription (with the exception of a Shareholder who is a Knowledgeable Employee).

  • Unless otherwise determined by the Directors, no issue of shares shall be made in respect of an application which would result in the applicant having less than the Minimum Capital Commitment, if any.

  • The Minimum Capital Commitment of a Contributor shall be INR 1,00,00,000 (Indian Rupees One Crore Only) or such amount as prescribed under the AIF Regulations.

  • A copy of the charter is also available in the “Corporate Governance” section of Citi’s website: www.citigroup.com.The nomination and governance committee, which is responsible for identifying individuals qualified to become board members and recommending to the board the director nominees for the next annual meeting of stockholders.

  • The Directors shall decline to issue Shares of any Class to satisfy any initial application unless the amount in value of the Shares to which an application relates equals or exceeds the Minimum Capital Commitment Amount or its equivalent in another currency.

  • Upon Licensee’s providing notice that it has satisfied the Minimum Capital Commitment, Licensor or its authorized agent shall have the right for ninety (90) days from such date, during regular business hours and upon reasonable notice, to have an independent auditor under an appropriate agreement of confidentiality examine and copy, subject to reasonable confidentiality obligations, Licensee’s books, records and accounts relating to the Minimum Capital Commitment.

  • The Minimum Capital Commitment for each of the Joint Holders other than in case where such Joint Holders are relatives shall be Rs. 1 (One) crore (Rupees One crore only) for B1 and C1 class of units mentioned above or such other amount as prescribed by the AIF Regulations.

  • The four-month period of operation at variance from the FCC February Permit began with STEM’s filing of the License Application on July 10, 2017, and continued until the Station went silent on November 19, 2017.

  • Young professionals will be allowed to avail 10 days Casual Leave in one calendar year proportionately as per the days worked in the OFDC Ltd.

Related to Minimum Capital Commitment

  • Capital Commitment means, for any Borrower, the capital commitment of its Investors in the amount set forth in the applicable Subscription Agreements; “Capital Commitments” means all such Capital Commitments, collectively.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • 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.

  • Liquidity Commitment means, as to each Liquidity Provider, its commitment under the Liquidity Agreement (which generally will equal 102% of its Commitment hereunder).

  • Incremental Commitment means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loan.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • 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.

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

  • L/C Commitment $50,000,000.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $62,680,000, as such amount may be reduced or increased from time to time pursuant to this Agreement.

  • Term Loan Commitment Amount means, (a) as to any Lender that is a Lender on the Closing Date, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “Term Loan Commitment Amount”, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party, and (b) as to any Lender that becomes a Lender after the Closing Date, the amount of the “Term Loan Commitment Amount(s)” of other Lender(s) assigned to such new Lender pursuant to the terms of the effective assignment agreement(s) pursuant to which such new Lender shall become a Lender, as such amount may be adjusted from time to time by any amounts assigned (with respect to such Lender’s portion of Term Loans outstanding and its commitment to make advances in respect of the Term Loan) pursuant to the terms of any and all effective assignment agreements to which such Lender is a party.

  • Maximum Commitment means initially the amount specified in item 4 on Schedule A, as such amount may be reduced from time to time in accordance with Section 2.04(a).

  • Total Commitments at any time, the aggregate amount of the Commitments then in effect.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving 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.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).