Commercial Commitments definition
Examples of Commercial Commitments in a sentence
Contractual Obligations and Commercial Commitments The Company was a party to a term loan that expires in 2003, capital leases for automotive and other equipment with an initial term of 36 to 60 months and non-cancelable operating leases, including leases with related parties (see Note 8 of Notes to Consolidated Financial Statements) that expire on or before 2006.
Commercial Commitments -- In connection with certain investments or transactions, GFC has entered into various commercial commitments, such as guarantees and standby letters of credit, which could potentially require performance in the event of demands by third parties.
Commercial Commitments In the Territory Outside the European Union.
In such event, the arrangement fees payable to each Commitment Party under the Arrangement Fee Letter in respect of the Commercial Credit Facility and the Korean Commercial Tranche (as applicable) shall be calculated based on the Commercial Credit Facility Commitments and the Korean Commercial Commitments (as applicable) provided by each Commitment Party, as reduced in accordance with this paragraph.
The Company's principal commitments at December 31, 2001 consisted of leases on its headquarters and regional and sales offices (see Contractual Obligations and Commercial Commitments below).