Standby Commitment definition

Standby Commitment has the meaning set forth in Section 2.2.

Standby Commitment means the obligation of the Standby Purchaser to purchase a number of Standby Shares having an aggregate Subscription Price equal to the difference, if any, between: (A) the amount of the Standby Purchaser’s Subscription Commitment, and (B) the aggregate Subscription Price of all Standby Purchaser Rights Offering Shares acquired by the Standby Purchaser, whether pursuant to the Basic Subscription Right (set out in section 2.3(a)) or the Additional Subscription Privilege;

Standby Commitment means a commitment to either buy or sell

Examples of Standby Commitment in a sentence

• Terms used herein with initial capital letters that are not otherwise defined shall have the meanings ascribed to such terms in the Standby Commitment Letter.

• In consideration for the Standby Commitment, Frontera received 5-year warrants to purchase up to 15,009,026 common shares at an exercise price equal to C$0.415 per common share (each a “Warrant”).

• Except as expressly stated herein, the Purchaser may not assign its obligations under this Agreement or the Standby Commitment but may, without restriction, assign its rights hereunder to any affiliated entity and, following the settlement date, to any three or fewer third parties or affiliated parties.

• As the rights offering was over-subscribed, the Guarantors were not required to fulfill their respective obligations under the Standby Commitment.

• Fort Xxx Executive Park Xxx Xxxxxxxxx Xxxxx Xxxxx 000 Xxxx Xxx, New Jersey 07024 Re: Amendment to Commitment ----------------------- Gentlemen: Reference is made to the letter agreement, dated August 18, 1998 (the "Standby Commitment Letter"), among Arch Communications Group, Inc., MobileMedia Communications, Inc.

More Definitions of Standby Commitment

Standby Commitment has the meaning set forth in the recitals hereto.

Standby Commitment means the commitment of each of the Standby Purchasers, severally (and not jointly and severally) to subscribe for subscription receipts representing up to an aggregate of twenty-five percent (25%) of the Offering Amount.

Standby Commitment means a commitment from an Approved Investor or security dealer satisfactory to the Bank, to purchase from the Company within a specified time period a Loan or Loans, or a Mortgage-backed Security or Securities, in an aggregate principal amount which conform to the criteria set forth therein, under which commitment the Company has the right, but is not obligated, to sell such Loan, Loans, or Mortgage-backed Security or Securities.

Standby Commitment means, with respect to each Lender, the commitment of such Lender to make Standby Loans hereunder as set forth in Schedule 2.01, as such commitment may be permanently terminated or reduced from time to time pursuant to Section 2.11.

Standby Commitment means the sum of $30,000,000 which the Standby Lender has agreed to make available to the Borrowers under Clause 7;

Standby Commitment means a Put that entitles the holder to achieve same day settlement.

Standby Commitment has the meaning set forth in Section 2.4; “Standby Shares” has the meaning set forth in Section 2.4;