Advance Commitment definition

Advance Commitment has the meaning specified in Section 2.02.

Advance Commitment means $13,884,000 in the case of Crestar and $6,116,000 in the case of NBD; provided, however that each Bank's Advance Commitment shall be reduced automatically by its Commitment Percentage of any Maximum Amount reduction resulting from a prepayment of the Advances pursuant to Section 2.10(e).

Advance Commitment means $12,148,500 in the case of Crestar and $5,351,500 in the case of NBD.

Examples of Advance Commitment in a sentence

• Not later than 1:00 p.m. (Toronto Time) on each Drawdown Date (or such later time as may be agreed in writing between the Guarantor and the Issuer), the Guarantor shall give to the Issuer a duly completed request for Advance in writing (each an “Advance Request”) completed in the form attached hereto as Schedule 1 specifying whether such request is for (i) an Advance under the Initial Advance Commitment, or (ii) an Advance under the Revolving Commitment (each such Advance, a “Revolving Advance”).

• Introduced in ADF-10, the Advance Commitment Authority (ACA) estimates the level of the Advance Commitment Capacity (ACC) from internally generated resources while ensuring the ADF’s financial integrity.

• The total available resources refers to the total realizable resources that may be committed by the Fund during the Twelfth Replenishment period and includes the amount of aggregate subscriptions set forth in Annex 1 hereto, resources carried over from previous replenishments and internally generated resources (i.e. Advance Commitment Capacity).

• Subject to the terms of this Agreement, the Issuer agrees to make available to the Guarantor an Intercompany Loan (the “Intercompany Loan”) in an aggregate amount equal to the Total Credit Commitment comprised of the Initial Advance Commitment and the Revolving Commitment.

• The main purpose of Advance Commitment Authority (ACA) is to fill shortfalls in the amount of committable resources available for loans and grants that may arise in a particular year.

More Definitions of Advance Commitment

Advance Commitment means $12,000,000 until March 31, 1998, and $9,000,000 as of April 1, 1998, and at all times thereafter; provided however that the Advance Commitment shall be automatically reduced by the amount of any prepayment required by Section 2.10(c).

Advance Commitment means a written acceptance and binding commitment to fund an Advance Request from Lender to Borrower.

Advance Commitment has the meaning specified in the Fee Letter.

Advance Commitment means, for each Bank, the commitment of such Bank to make Advances, expressed as an amount representing the maximum aggregate principal amount of such Bank's Advances hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.8, and (b) reduced or increased from time to time pursuant to assignments by or to such Bank in accordance with Section 12.19. The initial amount of each Bank's Advance Commitment is set forth below the name of such Bank on the signature pages hereto under the caption "Advance Commitment," or in the Assignment and Acceptance Agreement pursuant to which such Bank shall have assumed its Advance Commitment, as applicable. The original aggregate principal amount of the Advance Commitment is $10,000,000.

Advance Commitment means Lender’s obligation to make Advance Loans to Borrower pursuant to Section 2.1, in the aggregate principal amount not to exceed $10,000,000 as to all Advance Loans made by Lender.

Advance Commitment means, as to each Lender, the amount set forth ------------------ opposite such Lender's name on Schedule I-A hereto under the caption Advance Commitment or, if such Lender has entered into one or more ------------------ Assignment and Acceptances, the amount set forth for such Lender with respect thereto in the Register maintained by the Agent pursuant to Section 10.07 hereof, in each case as such amount may be reduced pursuant to Section 2.04.

Advance Commitment means (a) from the date hereof until December 30, 1996, $12,148,500 in the case of Crestar and $5,351,500 in the case of NBD; (b) as of December 31, 1996, and until March 30, 1997, $10,065,900 in the case of Crestar and $4,434,100 in the case of NBD; and (c) as of March 31, 1997, and until June 29, 1997, $5,553,600 in the case of Crestar and $2,446,400 in the case of NBD; and (d) as of June 30, 1997, and at all times thereafter, $3,471,000 in the case of Crestar and $1,529,000 in the case of NBD; provided, however that each Bank's Advance Commitment shall be reduced automatically by its Commitment Percentage of any Maximum Amount reduction resulting from a prepayment of the Advances pursuant to Section 2.10(e).