Initial Committed Amount; General Provisions Sample Clauses
The 'Initial Committed Amount; General Provisions' clause defines the specific sum of money or resources that a party is obligated to provide at the outset of an agreement. It typically outlines when and how this initial amount must be delivered, to whom, and under what conditions, such as upon signing or at a particular project milestone. By clearly establishing the initial financial or resource commitment, this clause ensures both parties understand their upfront obligations, thereby reducing the risk of disputes and providing a clear foundation for the contractual relationship.
Initial Committed Amount; General Provisions. As of the Effective Date, the aggregate Committed Amounts shall be $1,000,000,000. The aggregate Committed Amounts shall at all times be in a minimum amount and an integral multiple of $5,000,000. Any decrease (other than termination thereof pursuant to Section 2.09) of the aggregate Committed Amounts may only be made in accordance with Section 2.05(b), and any such reduction of the Committed Amounts shall be permanent. Any increase of the aggregate Committed Amounts may only be made in accordance with Section 2.05(c).
Initial Committed Amount; General Provisions. As of the Effective Date, (i) the aggregate Committed Revolving Amounts shall be $650,000,000, (ii) the aggregate Committed Term Loan Amounts shall be $300,000,000 and (iii) the aggregate Committed Amounts shall be $950,000,000. The aggregate Committed Revolving Amounts and the aggregate Committed Amounts shall, in each case, at all times be in a minimum amount and an integral multiple of $5,000,000. Any decrease (other than termination thereof pursuant to Section 2.09) of the aggregate Committed Revolving Amounts or the aggregate Committed Term Loan Amounts may only be made in accordance with and to the extent permitted by Section 2.05(b), and any such reduction shall be permanent. Any increase of the aggregate Committed Revolving Amounts may only be made in accordance with and to the extent permitted by Section 2.05(c).
Initial Committed Amount; General Provisions. On the Effective Date, the aggregate Committed Amounts shall be $125,000,000. The aggregate Committed Amounts shall at all times be in a minimum amount and an integral multiple of $5,000,000. Any decrease or increase (other than termination thereof pursuant to Section 2.09) of the aggregate Committed Amounts may only be made in accordance with Section 2.05(b) and Section 2.05(c), respectively, and each such change shall remain in effect from the applicable Committed Amount Change Effective Date, to but excluding the next successive Committed Amount Change Effective Date.