BUYER COMMITMENT Sample Clauses

BUYER COMMITMENT. ☐ PURCHASE ☐ LEASE. "Purchase" includes buying, exchanging, or otherwise creating a right to acquire any interest in property described in this Paragraph. If “Lease” is selected, Broker will serve as a Tenant Broker under same conditions as set forth in Paragraph 1. If Broker is serving as a Tenant Broker, the term “Purchase” also includes leasing or entering into an agreement or option to lease.
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BUYER COMMITMENT. The Buyer shall take all steps necessary to obtain the Competition Condition in respect of completion of the Transaction (whether automatically or by any Governmental Authority referred to in this Clause 4). Such steps include proposing, negotiating, offering to commit, accepting and agreeing with the relevant Governmental Authority and any person to effect (and if such offer is accepted, committing to effect), by agreement, order or otherwise the sale, divestiture, licence or disposition of any assets, operations or businesses of the Target Group, and ensuring that all such steps are taken by relevant persons.
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BUYER COMMITMENT. Buyers agree to use their best commercial efforts to implement use of the Purchased Assets to achieve the Warranty Benchmark.
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BUYER COMMITMENT. A. The Agreement applies to the PURCHASE and/or LEASE of properties. (Check Applicable) B. ALL INCLUSIVE COMMITMENT (COVERING ANY AND ALL PROPERTIES). Buyer grants the Brokerage the exclusive right to assist ▇▇▇▇▇ in locating and purchasing or leasing, as applicable, real property generally described below, or any other real property which is acceptable to Buyer. Buyer will not work with any other real estate brokerage or without brokerage to negotiate and purchase or lease, as applicable, any type of property described in this Paragraph.
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BUYER COMMITMENT. 33 6.04 Confidentiality................................................. 35
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BUYER COMMITMENT. (a) During the Performance Period the Buyer covenants and agrees to provide resources for (i) the Qode Business Accounting Unit expense budget of $6,625,900 (which includes Buyer overhead allocations and software amortization) and as further detailed in the Projected Income Statement set forth in Schedule 5.06(b) (referred to as "Expense Budget Funding"); and (ii) the Qode Business Accounting Unit capital expenditure budget of $2,465,100 (which includes development costs, equipment and Orsus) (referred to as "Capital Expenditure Budget Funding"), as detailed on Schedule 6.03(a) hereto. The total of all ---------------- Expense Budget Funding and all Capital Expenditure Budget Funding by Buyer is $9,091,000 (referred to as "Total Funding"). Subject to Section 6.03(b), if, at the conclusion of the Performance Period, Buyer has failed to provide the Total Funding to the Qode Business Accounting Unit (referred to as "Funding Deficit") and such Funding Deficit exceeds $909,100 (referred to as the "Threshold"), then the Projected Performance Metrics shall each be reduced by an amount equal to the Projected Performance Metric in question multiplied by a fraction, the numerator of which is equal to the amount of the Funding Deficit less the Threshold and the denominator of which is the amount of Total Funding ("Adjusted Performance Metrics"). In the event of a Funding Deficit in excess of the Threshold, as described in this Section 6.03, such Adjusted Performance Metrics shall be used by the parties to calculate the Percentage of Achievement, pursuant to Section 5.06(e) hereof. (b) Notwithstanding the foregoing, the Buyer's commitment to provide the Total Funding projected for any successive three month period shall be excused, and the remedies set forth in section (a) shall not apply, in the event that: (i) at the end of the first three months of the Performance Period, the Cumulative Revenue/Investment Ratio, as defined below, is less than 1.24% and the Cumulative Page Views Adjusted are less than 40,000; or (ii) at the end of the first six months of the Performance Period, the Cumulative Revenue/Investment Ratio, as defined below, is less than 11.97% and the Cumulative Page Views Adjusted are less than 1,476,000; (iii) at the end of the first nine months of the Performance Period, the Cumulative Revenue/Investment Ratio is less than 46.58% and the Cumulative Page Views Adjusted are less than 11,835,000. (c) Where, for the purposes of this section, the following...
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Related to BUYER COMMITMENT

  • Revolver Commitment for any Lender, its obligation to make Revolver Loans and to participate in LC Obligations up to the maximum principal amount shown on Schedule 1.1, or as hereafter determined pursuant to each Assignment and Acceptance to which it is a party. “Revolver Commitments” means the aggregate amount of such commitments of all Lenders.

  • L/C Commitment (a) Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Lenders set forth in Section 3.4(a), agrees to issue Letters of Credit upon the request and for the account of the Borrower (and for the benefit of the Borrower or any Subsidiary of the Borrower) on any Business Day during the Revolving Commitment Period in such form as may be approved from time to time by such Issuing Lender; provided that no Issuing Lender shall issue any Letter of Credit if, (i) after giving effect to such issuance, (A) the L/C Exposure would exceed the L/C Commitment or (B) the aggregate amount of the Available Revolving Commitments would be less than zero or (C) unless otherwise agreed to by such Issuing Lender, the L/C Exposure with respect to all Letters of Credit issued by such Issuing Lender would exceed such Issuing Lender’s Specified L/C Commitment or (ii) such Issuing Lender shall have received written notice from the Administrative Agent or the Borrower, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Section 5.2 shall not have been satisfied. On the Restatement Effective Date, each Existing Letter of Credit shall be deemed to be a Letter of Credit issued hereunder for the account of the Borrower. Each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five Business Days prior to the Revolving Termination Date (as it may be extended, so long as the Available Revolving Commitments of all Continuing Lenders would equal or exceed zero following such extension); provided, however, that any Letter of Credit, whether newly requested or an existing Letter of Credit that is extended or automatically renewed, may have an expiration date after the Revolving Termination Date (so long as such expiration date remains in compliance with clause (x) above) so long as the Borrower cash collateralizes such Letter of Credit at 101% of the available face amount of such Letter of Credit on or prior to the date which is five Business Days prior to the Revolving Termination Date and the Administrative Agent and the relevant Issuing Lender providing such Letter of Credit agree to such expiration date at the time such Letter of Credit or extension is requested or at the time such existing Letter of Credit is to be automatically renewed, as applicable; provided further that any Letter of Credit (other than a Letter of Credit to which Section 2.18(c)(ii) applies) with a one-year term may provide for the renewal thereof for additional one-year periods (which shall only extend beyond the date referred to in clause (y) above if the condition described in the first proviso of this sentence is satisfied). (b) No Issuing Lender shall at any time be obligated to issue any Letter of Credit if (i) any order, judgment or decree of any Governmental Authority or arbitrator having jurisdiction over the Issuing Lender shall by its terms (x) purport to enjoin such Issuing Lender from issuing such Letter of Credit, or any Requirement of Law applicable to such Issuing Lender shall prohibit such Issuing Lender from the issuance of letters of credit, generally, or such Letter of Credit, in particular or (y) impose upon such Issuing Lender with respect to any such Letter of Credit any reserve, capital or liquidity requirement (for which such Issuing Lender is not compensated hereunder or otherwise by agreement of the Borrower) not in effect on the Restatement Effective Date or impose on such Issuing Lender any loss, cost or expense (for which such Issuing Lender is not compensated hereunder or otherwise by agreement of the Borrower) which such Issuing Lender in good ▇▇▇▇▇ ▇▇▇▇▇ material to it or (ii) the issuance of such Letter of Credit would violate the legal, regulatory or compliance policies of such Issuing Lender applicable to letters of credit generally, in each case, to the extent such policies and prohibitions are implemented to comply with applicable law or regulation binding upon such Issuing Lender and are being applied with respect to the Borrower consistently with such application thereof to all similarly situated Borrowers under similar circumstances.

  • The Commitment Subject to the terms and conditions of this Agreement, Lender agrees to make term loans to Borrower from time to time from the Closing Date and to, but not including, the Termination Date in an aggregate principal amount not exceeding the Commitment. The Commitment is not a revolving credit commitment, and Borrower does not have the right to repay and reborrow hereunder. Each Loan requested by Borrower to be made on a single Business Day shall be for a minimum principal amount set forth in the Supplement, except to the extent the remaining Commitment is a lesser amount.

  • Total Commitment The sum of the Commitments of the Banks, as in effect from time to time.

  • Loan Commitment Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 in the aggregate (the "Loan") consisting of $104,950,000 of 7-year Tranche advances and $104,950,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."