Examples of Operating Commitment in a sentence
The Parties shall expedite any Arbitration relating to an Operating Margin Failure as applied in connection with the St. Luke's Operating Commitment; provided, however, in no event shall discovery end or such Arbitration conclude before CPMC provides to the Arbitrator and the City the auditor's report required by Exhibit F.
Drafts identified in any one Acceptance Request shall be related to the same transaction, shall have the same maturity date and be shall be scheduled for presentment to each Lender in the same proportion that such Lenders' Operating Commitment bears to the aggregate Operating Commitment for all Lenders.
The Parties agree that any Arbitration relating to an Operating Margin Failure as applied in connection with the St. Luke's Operating Commitment shall be on an expedited basis.
Dollars calculated at a rate per annum equal to the Applicable Margin (based on a year of 365 days) on the amount, if any, for each day by which the amount of the Outstanding Principal under the Operating Facility is less than the Operating Commitment.
Subject to this Agreement, the Operating Lender hereby agrees to establish in favour of the Borrower a revolving credit facility (such facility, the “Operating Facility”) in a maximum aggregate principal amount not to exceed the Operating Commitment (or the Equivalent Amount in US Dollars), to be made available in accordance with this Agreement until the Operating Facility Maturity Date.