Reserve Commitment definition

Reserve Commitment has the meaning specified in Section 3.4.
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Examples of Reserve Commitment in a sentence

  • If Owner acquires any interest in additional gas within the Reserve Commitment Area, such additional gas will likewise be dedicated to this Agreement, provided, however, if such additionally acquired interest is dedicated to gathering by others by agreement on the date of acquisition by Owner, then such gas shall become dedicated hereunder upon the end of any primary term under prior agreement, or upon such earlier date as Owner may have any right or option to terminate such prior agreement.

  • Owner warrants title to all gas reserves in and under or attributable to within the Reserve Commitment Area as fully described in Exhibit A attached hereto ("Owner’s Reserves").

  • Except as expressly excepted in Exhibit A, Owner hereby exclusively commits and dedicates to Gatherer, subject to Owner's Reservations below, all of Owner's Reserves, in and under the Reserve Commitment Area.

  • If Seller acquires any interest in additional Gas within the Reserve Commitment Area, such additional Gas shall likewise be dedicated to this Agreement; provided however, if such additionally acquired interest is dedicated to others by agreement on the date of acquisition by Seller, then such Gas shall only be considered to be dedicated hereunder upon the end of the primary term of such prior agreement.

  • Short-Term Wind+Solar Forecast Day-Ahead Hourly Wind+Solar ForecastDay-Ahead Reserve CommitmentReal-Time Reserve Commitment Adjustment of Reserve Requirements(1-2 hours ahead)Day-Ahead Market Real-Time Market Figure 21: Process for Calculating Real-Time Regulation Requirements Improving Commitment of Generation ResourcesAll study scenarios (with the possible exception of 2% BAU) experienced operational challenges on days when wind and solar energy were over-forecast in the day-ahead market.

  • Seller will not sell or agree to sell to others coal from such reserves which would jeopardize Seller's ability to supply the total Reserve Commitment during the Term of this Agreement.

  • Seller represents to Buyer that the current assigned reserves of the Source Mine comprising the Reserve Commitment are as set forth in Schedule 1.2 hereto.

  • Pursuant to that certain Credit Agreement dated as of July 10, 1997, as amended from time to time ("Agreement"), among Borrower, the Banks and Agent, credit facilities have been made available to Borrower in a maximum aggregate principal amount of $90,000,000, consisting of a Basic Commitment Amount of $50,000,000 and a Reserve Commitment Amount of $40,000,000.

  • The Borrower shall open and maintain an account (“Loan Repayment Account”) in the name of the Monetary Claim Trustee with the Facility Agent to transfer repayments from the Borrower’s Operating Account for debt service of the Loan and to receive the Interest Reserve Commitment and prepayments.

  • Except as expressly excepted in Exhibit A and subject to Gatherer’s compliance with the terms and conditions of this Agreement, Owner hereby exclusively commits and dedicates to Gatherer, subject to Owner's Reservations below, all of Owner's Reserves, in and under the Reserve Commitment Area.

Related to Reserve 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.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

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

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

  • 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.

  • 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).

  • 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.

  • 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.

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

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

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

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Available Commitment means a Lender’s Commitment minus:

  • Total Unutilized Revolving Loan Commitment means, at any time, an amount equal to the remainder of (x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate amount of all Letter of Credit Outstandings at such time.

  • 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.

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

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

  • 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 Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

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

  • Unissued Letter of Credit Commitment means, with respect to any Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the Borrower in an amount equal to the excess of (a) the amount of its Letter of Credit Commitment over (b) the aggregate Available Amount of all Letters of Credit issued by such Issuing Bank.

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