Applicable Commitment Clause Samples
The Applicable Commitment clause defines the specific obligations or promises that are currently in effect between the parties under an agreement. It typically outlines which commitments, such as payment amounts, delivery schedules, or service levels, are binding at a given time, often referencing schedules or conditions that trigger their applicability. This clause ensures that both parties have a clear understanding of which commitments are enforceable at any point, thereby reducing ambiguity and helping to prevent disputes over performance expectations.
Applicable Commitment. In the event Agent or any Lender assigns or otherwise transfers all or any part of the Obligations, Agent or any such Lender shall so notify Borrower and Borrower shall, upon the request of Agent or such Lender, execute new Notes in exchange for the Notes, if any, being assigned. Notwithstanding the foregoing provisions of this Section 9.1(a), any Lender may at any time pledge the Obligations held by it and such Lender’s rights under this Agreement and the other Loan Documents to a Federal Reserve Bank, and any lender that is an investment fund may assign the Obligations held by it and such Lender’s rights under this Agreement and the other Loan Documents to another investment fund managed by the same investment advisor; provided, that no such pledge to a Federal Reserve Bank shall release such Lender from such Lender’s obligations hereunder or under any other Loan Document.
Applicable Commitment. Average Usage Fee Percentage
Applicable Commitment. Each Lender’s Domestic Revolving Loan Commitment, Canadian Revolving Loan Commitment, European Commitment or Australian Commitment, as applicable.
Applicable Commitment. In the event Agent or any Lender assigns or otherwise transfers all or any part of the Obligations, Agent or any such Lender shall so notify Borrower and Borrower shall, upon the request of Agent or such Lender, execute new Notes in exchange for the Notes, if any, being assigned. Notwithstanding the foregoing provisions of this Section 8.1(a), any Lender may at any time pledge the Obligations held by it and such Lender’s rights under this Agreement and the other Loan Documents to a Federal Reserve Bank, or to its trustee for the benefit of its investors in support of its obligations to its trustee; provided, that no such pledge or assignment shall release the assigning Lender from its obligations hereunder.
Applicable Commitment. In the event Agent, Co-Agent or any Lender assigns or otherwise transfers all or any part of the Obligations, Agent, Co-Agent or any such Lender shall so notify Borrower and Borrower shall, upon the request of Agent, Co-Agent or such Lender, execute new Notes in exchange for the Notes, if any, being assigned. Notwithstanding the foregoing provisions of this SECTION 9.1(a), any Lender may at any time pledge the Obligations held by it and such Lender's rights under this Agreement and the other Loan Documents to a Federal Reserve Bank, and any lender that is an investment fund may assign the Obligations held by it and such Lender's rights under this Agreement and the other Loan Documents to another investment fund managed by the same investment advisor; provided, however, that no such pledge to a Federal Reserve Bank shall release such Lender from such Lender's obligations hereunder or under any other Loan Document.
Applicable Commitment. Each Lender's commitment to make Tranche A Loans, --------------------- Tranche B Loans and Tranche C Loans.
Applicable Commitment. Leverage Ratio Commission Percentage -------------- --------------------- Less than 0.75:1.00 0.150% per annum Greater than or equal to 0.75:1 and less than 1.25:1 0.200% per annum Greater than or equal to 1.25:1 0.250% per annum and provided further that, notwithstanding anything above to the contrary, (i) the Applicable Commitment Commission Percentage, from and including the Second Restatement Effective Date through and including June 30, 1997 shall be .200% per annum and (ii) at all times after June 30, 1997 during which an Investment Grade Rating Period is in effect, and for so long as such Investment Grade Rating Period continues, the Applicable Commitment Commission Percentage shall be .150% per annum.
Applicable Commitment. Each Lender’s Domestic Revolving Loan Commitment, Canadian Revolving Loan Commitment, European Commitment or Australian Revolving Loan Commitment, as applicable. Applicable Floating Rate. Shall mean the Base Rate, Canadian Base Rate, Euro Base Rate or Australian Base Rate, as the context requires. Applicable Floating Rate Loans. Base Rate Loans, Canadian Base Rate Loans, Euro Base Rate Loans or Australian Base Rate Loans, as the context requires.