Proposed New Commitment definition

Proposed New Commitment has the meaning specified in Section 2.05(c)(iii).

Proposed New Commitment has the meaning specified in Sections 2.04(b)(iii). “Proposed New Lender Incremental Term Loan Commitment” has the meaning specified in Section 2.04(c)(iii). “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exception may be amended from time to time. “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). “QFC Credit Support” has the meaning specified in Section 9.20(a) “Qualified ECP Guarantor” means, in respect of any Hedging Obligation, each Loan Party that has total assets exceeding $10 million at the time the relevant Loan Guaranty or grant of the relevant security interest becomes or would become effective with respect to such Hedging Obligation or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Quarterly Dates” means the first Business Day of each April, July, October and January, commencing on the first such date to occur after the Effective Date. “Receivable” means a right to receive payment arising from the sale or lease of goods or services by a Person to another Person. “Recipient” means (a) the Administrative Agent, (b) any Lender or (c) any Issuing Bank, as applicable. “Reference Date” has the meaning specified in the definition of “Available Amount Basket”. “Register” has the meaning specified in Section 9.07(d). “Registration Rights Agreement” shall mean the registration rights agreement between Livent and FMC, as described in the Disclosure Documents, as such agreement may be amended, restated, amended and restated or otherwise modified from time to time. “Reimbursement Date” has the meaning specified in Section 3.02(g). 33 -

Proposed New Commitment has the meaning specified in Section 2.05.

Examples of Proposed New Commitment in a sentence

• If the Total Committed Increase shall be at least $10,000,000 and less than or equal to the Proposed Aggregate Commitment Increase, then (x) the initial Commitment of each New Lender shall be such New Lender’s Proposed New Commitment and (y) the Commitment of each Lender shall be increased by such Lender’s Proposed Increased Commitment.

• If the Total Committed Increase shall be at least $50,000,000 and less than or equal to the Proposed Aggregate Commitment Increase, then (x) the initial Commitment of each New Lender shall be such New Lender's Proposed New Commitment and (y) the Commitment of each Lender shall be increased by such Lender's Proposed Increased Commitment.

• Over the next month, the project team will determine how the ACP will generate, track, record, and sell credits.

• Each Third Party that submits a Proposed New Commitment shall execute and deliver to the Administrative Agent a New Commitment Acceptance therefor.

• Each Third Party may irrevocably commit to all or a portion of the Increase Remainder in a minimum principal amount of $5,000,000 (a "Proposed New Commitment") by notifying the Administrative Agent by Requisite Notice (who shall give prompt notice thereof to Borrower) by the Requisite Time therefor.