Base Commitment definition

Base Commitment means, with respect to each Liquidity Bank and Institutional Lender listed on Annex A as providing a “Base Commitment”, (i) prior to the end of the Revolving Period, the dollar amount set forth opposite such Liquidity Bank’s or Institutional Lender’s name on Annex A hereto (as such amount may be revised from time to time in accordance with the terms hereof) as a “Base Commitment” or the amount set forth as such Liquidity Bank’s or Institutional Lender’s “Commitment” on Schedule I to the Joinder Supplement relating to such Liquidity Bank or Institutional Lender, as applicable as a “Base Commitment”, and (ii) on or after the Revolving Period, such Liquidity Bank’s or Institutional Lenders’ Pro Rata Share of the aggregate Advances Outstanding.

Base Commitment shall have the meaning provided in Section 1.01.

Base Commitment with respect to each Lender, the amount set forth opposite such Lender’s name under the caption “Base Commitment” on Schedule I attached hereto. Business Day: any day other than (i) a Saturday or Sunday, or (ii) a day on which banking institutions in the States of Arizona, Texas or New York are required by law to be closed.

Examples of Base Commitment in a sentence

• The value of your Incremental Postage Credits will be calculated by applying the applicable Incremental Postage Credit Rate(s) against your volume of Eligible Items posted during the Incentive Period which exceeds the sum total of your Agreed Base Commitment and Matched Volume Commitment up to your Agreed Incremental Commitment.

• Incremental Postage Credits as per paragraph 7 and 8 below if, during the Incentive Period, you post incremental volume of Eligible Items above the sum total of your Agreed Base Commitment and Matched Volume Commitment.

• Approximately 253 MW of the Agua Caliente Facility is presently in commercial operation, and the entire 290 MW facility is expected to be in commercial operation by the end of the first quarter of 2014.

• Any revisions to the Base Commitment shall become effective upon written notice to the Bank from the Investment Advisor on behalf of the Borrowers.

• The value of your Incremental Postage Credits will be calculated by applying the applicable Incremental Postage Credit Rate(s) against your volume of Eligible Items posted during this Incentive Period which exceeds the sum total of your New Agreed Base Commitment and New Matched Volume Commitment up to your New Agreed Incremental Commitment.

More Definitions of Base Commitment

Base Commitment is hereby added as follows:

Base Commitment means with respect to each Lender, such Lender's share of the Aggregate Base Commitment as set forth opposite such Lender's name on the table set forth on Exhibit 3 hereto entitled "Base Commitments."

Base Commitment means, as to Merck, the Merck Base Commitment --------------- and, as to each Other Investor Member, an amount equal to the Other Investor Members Base Commitment multiplied by such Other Investor Member's Ratable Contribution Percentage.

Base Commitment means $39.5 million.

Base Commitment has the meaning set forth in Schedule 1. “***” has the meaning set forth in Section 34.

Base Commitment has the meaning specified therefor in the definition of “Tranche A Total Commitment”.

Base Commitment means a Bank's agreement to make Revolving Credit Loans to the Borrower pursuant to subsection 2.1 hereof in the amount specified on Schedule 1 hereto under the caption "Base Commitment", and Base Commitments means the aggregate of each Bank's Base Commitment. BASE COMMITMENT PERIOD means the period from and including the date hereof to the Termination Date.