Certificate Commitment definition

Certificate Commitment means the Commitment of each Certificate Holder to make available Certificate Amounts in an aggregate principal amount not to exceed the amount set forth on Schedule I of the Participation Agreement.

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Certificate Commitment of any Certificate Holder means the commitment of such Person to make Investments pursuant to Section 1.02(a) of the Participation Agreement up to the aggregate stated amount set forth below the name of such Person on Schedule I to the Participation Agreement under the heading "Certificate Commitment", as the same may be adjusted from time to time pursuant to any Assignment(s) and Acceptance(s) executed by such Certificate Holder, which commitment shall expire on the Commitment Termination Date; provided, however, that in no event shall any Certificate Holder be obligated to make an Investment pursuant to Article I of the Participation Agreement if after giving effect thereto, the sum of the stated amounts of such Certificate Holder's Certificates would exceed the amount set forth below the name of such Person on Schedule I to the Participation Agreement under the heading "Certificate Commitment".

Certificate Commitment of any Purchaser means the commitment of such Person, if any, to make an Investment pursuant to the Certificates up to the aggregate stated amount set forth below the name of such Person on Schedule I to the Participation Agreement under the heading "Total Certificate Commitment," as the same may be adjusted from time to time pursuant to any Assignment(s) and Acceptance(s) executed by such Purchaser or reduced pursuant to the terms of the Participation Agreement.

Examples of Certificate Commitment in a sentence

• Notwithstanding anything to the contrary contained in this Agreement, Advances and Investments shall be limited in the aggregate to the Actual Project Costs, up to each Note Purchaser's Note Commitment plus each Certificate Purchaser's Certificate Commitment.

• The Company shall have delivered or caused to be delivered to the Agent and the Purchasers sufficient advance notice before the anticipated Financing Closing Date, which notice shall request that each Purchaser make all necessary arrangements to fund the Series 1 Note Commitment and the Investment in respect of the Series 1 Certificate Commitment.

• No Certificate Purchaser shall have any obligation to make an Investment in excess of its Certificate Commitment.

• From and after the Financing Closing Date, to and including the Interim Note Maturity Date, the Company shall pay to the Agent for the account of each Purchaser, on the last day of each March, June, September and December in each year and on the Interim Note Maturity Date, a facility fee at the applicable rate per annum set forth on the pricing grid attached hereto as Schedule II on the unused portion of its respective Note Commitment or Certificate Commitment, as the case may be ("Facility Fee").

• The Notes and Certificates will be issued to each Lender and each Certificate Holder in a principal amount equal to such Lender's Loan Commitment (as specified in the column entitled "Commitment" on Schedule II) and such Certificate Holder's Certificate Commitment (as specified in the column entitled "Commitment" on Schedule I).

• No Certificate Holder shall have any obligation to make any Equity Investment for any amount in excess of its aggregate Certificate Commitment.

• Following the transfers described at SECTION 2.1, the Initial Lender and Initial Certificate Holder shall exchange their Original Note and Original Certificate for a new Note and Certificate in the amount of their revised Loan Commitment and Certificate Commitment, respectively.

• After making its Equity Investment on the Funding Date, each Certificate Holder's Certificate Commitment shall automatically and permanently expire.

• The amounts made available by each Certificate Holder shall be evidenced by a separate Certificate issued by Lessor to each Certificate Holder in the amount of its Certificate Commitment.

More Definitions of Certificate Commitment

Certificate Commitment means the Commitment of each Certificate Holder to make available Certificate Amounts on a Delivery Date in an aggregate principal amount outstanding not to exceed the amount with respect to such Certificate Holder set forth on Schedule I of the Participation Agreement applicable to it.

Certificate Commitment of any Certificate Holder means the commitment of such Person to make Equity Investments pursuant to Section 1.02 of the Participation Agreement up to the aggregate stated amount set forth below the name of such Person on Schedule I to the Participation Agreement next to the heading "Certificate Commitment", which commitment shall expire on, and after giving effect to the transactions to occur on, the Funding Date.

Certificate Commitment means, as to any Certificate Purchaser, the obligation of such Certificate Purchaser to fund Certificate Purchaser Amounts to the Lessor under Section 3.2 of the Participation Agreement in an aggregate amount not to exceed the amount set forth opposite such Certificate Purchaser's name on Schedule I to the Participation Agreement