Limited Commitment Sample Clauses
A Limited Commitment clause defines the specific obligations or responsibilities that a party is agreeing to, while expressly limiting the extent or duration of those commitments. In practice, this clause may state that a party is only bound to perform certain actions under particular conditions, or for a set period of time, and is not responsible for any obligations beyond those expressly outlined. The core function of this clause is to clearly delineate the boundaries of a party’s duties, thereby preventing misunderstandings and reducing the risk of unintended or open-ended liabilities.
Limited Commitment. It is understood that Helix makes no commitment to raise capital and/or effect any of the Transactions. In addition, the Company has the right not to accept any or all offers with respect to the Transactions.
Limited Commitment. The Bank’s commitment under this Agreement is limited to the purchase of Tendered Bonds, and does not guarantee the payment of principal of or interest on the Bonds.
Limited Commitment. It is understood that Helix makes no commitment to raise capital and/ or effect any of the Proposed Transactions. In addition, the Company has the right not to accept any or all offers with respect to the Proposed Transactions.
Limited Commitment. Dexia’s commitment under this Agreement is limited to the purchase of Tendered Bonds, and does not guarantee the payment of principal of or interest on the Bonds.