Commitment Status definition

Commitment Status. Except for the sections above entitled “Upfront Fee,” “Royalty Rates” and “Confidentiality,” (i) this Summary of Terms is not contractual in nature and reflects only the intentions of the parties to proceed toward the negotiation of definitive agreements and, if such agreements are executed, the consummation of the transaction described herein; (ii) no party will have any obligation to any other party hereunder and the parties will have only those obligations, and will make only those representations, warranties and covenants as may be set forth in definitive agreements which are signed and delivered. Except as expressly set forth in this Summary of Terms, no party will have any obligation or liability based upon or arising under this Summary of Terms to any other party by reason of the fact that a definitive agreement is not prepared, authorized, executed or delivered. To confirm the foregoing accurately memorializes our previous discussions and to indicate the parties’ agreement to the provisions of the sections above entitled “Upfront Fee,” “Royalty Rates” and “Confidentiality,” the parties have signed this Summary of Terms as of July 1 2002. Agreed and Accepted: Fleni Foundation Advanced Cell Technology, Inc. By: By: /s/ Xxxxx X. Xxxxxxxxx /s/ Xxxxxxx Xxxx Xxxxxxx Xxxx Chief Executive Officer Xxxxx X. Xxxxxxxxx Name July 1, 2002 Date President, FLENI Title 07/01/2002 Date
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Examples of Commitment Status in a sentence

  • An advisory Dispatch Instruction changing the Commitment Status of a resource may be modified by the CAISO Operator to a binding Dispatch Instruction and communicated in accordance with Section 6.3 after review and acceptance by the CAISO Operator.

  • A binding Dispatch Instruction produced by STUC that results in a change in Commitment Status will be issued, in accordance with Section 6.3, after review and acceptance of the Start-Up Instruction by the CAISO Operator.

  • A Not Participating Commitment Status indicates the Market Participant will not operate a Resource that is otherwise available.

  • A binding Dispatch Instruction that results in a change in Commitment Status will be issued, in accordance with Section 6.3, after review and acceptance of the Start-Up Instruction by the CAISO Operator.

  • An Outage Commitment Status indicates the Resource is not available for commitment during the Hour due to a planned or forced outage.

  • An Offer shall include specification of a Commitment Status for each Hour.

  • When the Commitment Status is Continuous, this limit will not be used.

  • A binding Dispatch Instruction that results in a change in Commitment Status will be issued, in accordance with Section 6.3, after review and acceptance of the Start-Up instruction by the CAISO Operator.

  • A binding Dispatch Instruction produced by STUC that results in a change in Commitment Status will be issued, in accordance with Section 6.3, after review and acceptance of the Start-up instruction by the CAISO Operator.

  • Resources submitted with a Commitment Status of Market, Self or Reliability may be used to satisfy this requirement.

Related to Commitment Status

  • Total Loan Commitment means as to any Lender the aggregate commitments of such Lender with respect to its Revolving Loan Commitment and Term Loan Commitment.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Commitment Schedule means the Schedule attached hereto identified as such.

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Commitment Date has the meaning specified in Section 2.18(b).

  • Revolving Loan Commitment Termination Date means the earliest of

  • 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.

  • Initial Commitment means, in relation to an Initial Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • 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.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Commitment means a Term Commitment or a Revolving Credit Commitment, as the context may require.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.