Parent Commitment definition

Parent Commitment means the Parent’s agreement, in exchange for the retention of its Interests as provided herein and other good and valuable consideration, subject to the occurrence of the Effective Date on or before June 21, 2019, to (a) consent to the Debtor’s assumption of the License Agreement in accordance with section 365(c) of the Bankruptcy Code; (b) agree to renewal of the License Agreement for another term, which shall be without prejudice to the parties’ rights to revise and renegotiate in good faith the terms and conditions of the License Agreement after the Effective Date; (c) consent to the release and payment of the full amount of the Market Contribution Accrual for the purpose of funding the Reorganization Business Plan; and (d) provide for additional funding for the Reorganization Business Plan in the amount of not less than$10 million. Confirmation that each of the foregoing terms have been agreed to will be included in the Plan Supplement.
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Parent Commitment in respect of any Lender, such Lender's undertaking during the applicable Commitment Period to make Revolving Credit Loans and purchase participations in Letters of Credit, subject to the terms and conditions hereof, in an aggregate outstanding principal amount not exceeding the Parent Commitment Amount of such Lender.
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Parent Commitment means the obligation of the Lender to make Parent Loans to the Parent in an aggregate principal amount at any one time outstanding up to but not exceeding $3,750,000."
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Examples of Parent Commitment in a sentence

  • Pursuant to the Parent Commitment, the Parent, as licensor under the License Agreement, has agreed to, subject to the occurrence of the Effective Date on or before June 21, 2019, provide its consent to the Debtor’s assumption of the License Agreement pursuant to section 365(c)(a) of the Bankruptcy Code.

  • Parent and Acquisition Sub shall use their commercially reasonable efforts to comply with their respective obligations, and enforce their respective rights, under the Commitment Letter, the Parent Consent Letter and Parent Commitment Letter and shall cause RHJI to comply with its obligations under the Equity Commitment.

  • On the Effective Date, the Parent will provide the Parent Commitment and the Debtor and Reorganized Debtor, as applicable, shall be authorized to take all actions necessary or appropriate to obtain the Parent Commitment and to enter into any transactions contemplated thereunder, including but not limited to the assumption of the License Agreement.

  • Parent, as of the Effective Date has, and will have at all times prior to the Capital Commitment Expiration Date, the financial capacity to pay and perform its obligations under this Agreement, and to make all Contributions contemplated hereby and to otherwise fund the Parent Commitment (assuming, for the purposes of this representation, that all conditions to each Contribution are satisfied or waived).

  • To the extent that such the Parent, the Credit Party or the Foreign Subsidiary fails to repair, restore or replace such Property subject to a claim, subject to Section 2.2(c), an amount equal to such proceeds shall be immediately applied as a permanent reduction of the Aggregate Parent Commitment Amount and/or Aggregate GP Canada Credit Exposure, as the case may be, pursuant to Section 2.4(b).

  • Parent Commitment We understand that North Hills Christian School will teach that the Bible is the inspired Word of God, that it is without error, and that it is our guide for all areas of human living.

  • The storage requirements for 2D finite4445 difference TD-PSD are lower than FD-ND.

  • As of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would constitute a default on the part of Parent, Sub or Missouri under the Parent Preferred Equity Funding Letter and the Parent Commitment Letter and, as of the date of this Agreement, Parent does not have any reason to believe that any of the conditions to the Parent Financing will not be satisfied or that the Parent Financing will not be available to Sub at the Closing.

  • A factor analytically derived measure of coping: The Coping Strategy Indicator.

  • There are no conditions precedent related to the funding of the full amount of the Parent Financing, other than as set forth in or expressly contemplated by the Parent Preferred Equity Funding Letter or the Parent Commitment Letter.


More Definitions of Parent Commitment

Parent Commitment. As the parents or legal guardians of the player below, we understand and agree: (a) we have received, read and agree to comply with the DTBC Policies and Procedures; (b) to meet our financial obligations to the team and to the DTBC in a timely manner, understand that the financial obligations continue if we leave the team prior to the conclusion of the term of this Contract and understand that we will not receive a reimbursement of our fees or dues or a release from the team if we decide not to complete the term of this contract;
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Parent Commitment means the commitment of the Parent to make or otherwise fund any revolving loan under the Parent Credit Agreement.
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Parent Commitment means US$26,330,434.
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Parent Commitment means the amount equal to (a) the total aggregate amount of Capital Contributions funded by Parent as of March 10, 2023 plus (b) US$1,500,000.
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Parent Commitment means, as of any date of determination, the funding commitment of the Parent Lenders under the Parent Credit Agreement as of such date.
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Related to Parent Commitment

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

  • U.S. Commitment means, with respect to each U.S. Lender, the commitment, if any, of such U.S. Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, U.S. Overadvances and U.S. Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Lender’s U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such U.S. Lender pursuant to Section 9.04. The initial amount of each U.S. Lender’s U.S. Commitment is set forth on the Revolving Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Lender shall have assumed its U.S. Commitment, as applicable. The U.S. Commitment is a sub-facility of the Revolving Commitment and is not in addition to the Revolving Commitment.

  • 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.

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

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

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

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • 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.

  • 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.

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

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached 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).

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

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

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

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

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

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • 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.”

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

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

  • 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.

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

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

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.

  • Undrawn Commitment means, with respect to any Revolving Lender at any time, an amount (which may not be less than zero) equal to (i) such Lender’s Revolving Commitment at such time minus (ii) the aggregate outstanding principal amount of Revolving Loans held by such Revolving Lender at such time.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.