Agreed Commitment definition
Agreed Commitment means a capital works project or any contract or commitment in relation to a capital works project described on the Agreed Commitments Schedule. Agreed Commitments Schedule means schedule 1 to the Disclosure Letter. ASIC means the Australian Securities and Investments Commission.
Examples of Agreed Commitment in a sentence
On the Funding Effective Date, and pursuant to the Commitment Letter, each Initial Lender, severally and not jointly, agrees to deposit its Agreed Commitment Amount, net of the Upfront Fee (as defined in the Fee Letter) by wire transfer of immediately available funds, in the account designated by the Escrow Agent and listed on Schedule 1 hereto (the “Escrow Account”).
On the date on which such prepayment is made, an amount of that Lender’s Commitment, not exceeding the amount of such Participant’s Agreed Commitment, as defined in the relevant Participant Agreement, shall be cancelled.