Commitment definition

Commitment means a Term Commitment or a Revolving Credit Commitment, as the context may require.

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Commitment means, as to each Lender, its obligation to make Committed Loans to the Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Commitment means, as to each Lender, its obligation to (a) make Committed Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Examples of Commitment in a sentence

New investors that make a Subsequent Commitment, or existing unitholders of the Fund that increase their capital commitment (each, an “Additional Unitholder”) will be required to make subsequent purchases of Units (each, a “Catch-up Purchase”) on a date (or dates) (each such date, the “Catch-up Date”) to be determined by the Fund.
Please indicate below the amount of the Subscriber’s Commitment in the Fund.
The Fund in its sole discretion may accept this Subscription Agreement with respect to the Commitment in whole or in part.
Subject to the terms of this Subscription Agreement and of the LLC Agreement, the Subscriber’s obligation to pay for the Units it is purchasing hereunder shall be unconditional, complete and binding upon the completion of the Closing (as defined below), provided, however, that for the convenience of the Fund, the Subscriber’s Commitment shall be payable in capital contributions as provided in Article 6 of the LLC Agreement.
The decision of each Continuing Lender to extend additional Loans to the Borrower and increase its Commitment under this clause (ii) shall be made in the sole and absolute discretion of each such Continuing Lender.

More Definitions of Commitment

Commitment means the unfunded portion of a line of credit or other commitment reflected on the books and records of the Failed Bank to make an extension of credit (or additional advances with respect to a Loan) that was legally binding on the Failed Bank as of Bank Closing, other than extensions of credit pursuant to the credit card business and overdraft protection plans of the Failed Bank, if any.

Commitment means any Revolving Commitment or Term Loan Commitment.

Commitment means, with respect to any Lender, such Lender’s Revolving Credit Commitment and Term Loan Commitment.

Commitment means, as to each Lender, the Revolving Commitment of such Lender.

Commitment has the meaning specified in Section 2.01.

Commitment means, for each Lender, the obligation of such Lender to make Loans not exceeding the amount set forth opposite its signature below or as set forth in any Notice of Assignment relating to any assignment that has become effective pursuant to Section 12.3.2, as such amount may be modified from time to time pursuant to the terms hereof.

Commitment means a Revolving Commitment or Term Commitment, or any combination thereof (as the context requires).