Minimum Obligations definition

Minimum Obligations means, on any Note Payment Date, the sum of (a) the Aggregate Minimum Principal Amortization Amount on such Note Payment Date, (b) all accrued and unpaid interest (excluding interest on premiums) due and payable to the Holders of the Timber Notes and any Additional Timber Notes on such Note Payment Date, and (c) the aggregate amount, if any, of principal and interest (other than any Supplemental Liquidity Provider Interest) in respect of outstanding Advances under the Line of Credit Agreement to be paid from the Payment Account on such Note Payment Date.
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Minimum Obligations or “Mandatory Facilities and Services” means development of Controlled Atmosphere / Modified Atmosphere type cold storagehaving ultimate capacity of 9000 Metric Tonnes, and making it functional/operational on Operation Date and provision of Cold Storage as per GoI guidelines thereof.
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Minimum Obligations. Innovo agrees to purchase a "Minimum Obligation" of One Million Five Hundred Thousand Dollars (US $1,500,000) worth of Manufacturing Services and D&O Services (as defined in the Distribution Agreement) from Commerce at the execution of this Supply Agreement and One Million Five Hundred Thousand Dollars (US $1,500,000) worth of Manufacturing Services and D&O Services within 90 calendar days of execution of this Supply Agreement.
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Examples of Minimum Obligations in a sentence

  • The Company and the Committee agree and acknowledge that the aggregate value of the Contribution as of the date hereof shall be as set forth above (or as the Company and the Committee may otherwise agree, provided that the Minimum Obligations are satisfied) and that such amount shall be applied as a credit against the obligation to fund the Trust for purposes of the Internal Revenue Code of 1986, as amended (“Code”), and ERISA.

  • On the terms set forth in this Agreement, effective immediately, the Company hereby agrees to contribute to the Trust the Securities, in no less than the amounts and on or prior to the dates set forth on Appendix A to this Agreement (or in such amounts as the Company and the Committee may otherwise agree, provided that the Minimum Obligations are satisfied).

  • During the first six (6) quarters during the term of this Agreement, Wats▇▇ ▇▇▇t satisfy the Minimum Obligations.

  • Sepracor's obligations pursuant to Section 9.1.1 notwithstanding, Sepracor shall, in each Contract Year covered by the Term, be subject to the Minimum Marketing Investment Obligations and Minimum Sales Obligations (collectively, the "Minimum Obligations") established for the Original Products pursuant to this Section 9.6.

  • To the extent that Wats▇▇ ▇▇▇ purchased and paid for Commercial Product in excess of aggregate Minimum Obligations to date, it may credit any such excess against any shortfall.

  • Sepracor shall not be in breach of any obligation to meet Minimum Obligations to the extent caused by any failure of Nycomed to Supply Product on a timely basis in accordance with this Agreement or a Supply Agreement.

  • If the Parties cannot agree on a reasonable adjustment of the then current Minimum Obligations and an according revision of Schedule 9.6.1.1 and/or Schedule 9.6.2.1 within one (1) month following a related written request by a Party, a reasonable adjustment of the then current Minimum Obligations and an according revision of Schedule 9.6.1.1 and/or Schedule 9.6.2.1 shall, upon either Party's written request, be subject to the dispute resolution procedures set forth in Section 20.2.

  • Such Party shall provide the proposed revised Minimum Obligations and an accordingly revised Schedule 9.6.1.1 and/or Schedule 9.6.2.1, as may be applicable, to the other Party in writing.

  • Thereafter, if Wats▇▇ ▇▇▇ls to satisfy the Minimum Obligations, Hals▇▇'▇ ▇▇▇e remedy shall be the termination of the exclusive supply obligation set forth in Section 2.1 above.


More Definitions of Minimum Obligations

Minimum Obligations shall have the meaning set forth in Section 9.6.
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Related to Minimum Obligations

  • Term Obligations shall have the meaning set forth in the Intercreditor Agreement.

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • Safety Obligations means all applicable obligations concerning health and safety (including any duty of care arising at common law, and any obligation arising under statute, statutory instrument or mandatory code of practice) in Great Britain;

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.