Commitment Adjustment definition

Commitment Adjustment means, as of any date of determination, the amount, if any, by which the the Commitments exceed the product of two multiplied by the EBITDA of Stellex and its Subsidiaries on a consolidated basis for the immediately preceding Financial Covenant Period (and if such Financial Covenant Period ends prior to December 31, 1998, such EBITDA shall be multiplied by a fraction the numerator of which is 12 and the denominator of which is the number of months in such Financial Covenant Period). The amount of the Commitment Adjustment shall adjust the Term Loan Commitment, if outstanding, and then adjust the Revolving Loan Commitment.
Sample 1Sample 2
Commitment Adjustment has the meaning set forth in Section 2.5(b).
Sample 1
Commitment Adjustment as defined in Section 2.1.5(f). U.S. Commitment Percentage: as to any U.S. Lender at any time, the ratio, expressed as a percentage, which such U.S. Lender’s U.S. Revolver Commitment bears to the aggregate U.S. Revolver Commitments at such time.
Sample 1

Examples of Commitment Adjustment in a sentence

  • After giving effect to any Canadian Revolver Commitment Adjustment, the Canadian Revolver Commitment of each Canadian Lender (and the percentage of each Canadian Revolving Loan that each Participant must purchase a Canadian Revolving Loan Participation in) shall be equal to such Canadian Lender’s (or Participant’s) Pro Rata Share of the amount of the Maximum Canadian Facility Amount.

  • Commitment Adjustments and Recovery of Improperly Disbursed Funds Administrative Procedure: USAC suspends further action to recover funds after issuing a Commitment Adjustment or Recovery of Improperly Disbursed Funds decision if the applicant and/or service provider appeals the decision to USAC or to the Commission.

  • Any such Canadian Revolver Commitment Adjustment shall be in an amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof and shall concurrently increase or reduce, as applicable, (A) the aggregate U.S. Revolver Commitments then in effect Pro Rata among the U.S. Lenders and (B) the aggregate Canadian Revolver Commitments then in effect Pro Rata among the Canadian Lenders.

  • Based on our experience with implementation of the Commitment Adjustment Implementation Order, we now conclude that it would better serve our interest in protecting universal service funds to eliminate the offset methods adopted in that order as options for recovery of funds in the schools and libraries universal service mechanism.

  • The parent/s are unable to provide adequate child care, due to low parental capacity and lack of commitment.

  • To the extent that we have not clearly done so in the past, we reaffirm and adopt this policy and find that it is consistent with the requirements of the DCIA and the general intent of the Commitment Adjustment Order.

  • To avoid this, and to promote administrative efficiency, we eliminate the offset options adopted in the Commitment Adjustment Implementation Order from the fund recovery plan.67 62 See infra para.

  • Short-Term Wind+Solar Forecast Day-Ahead Hourly Wind+Solar ForecastDay-Ahead Reserve CommitmentReal-Time Reserve Commitment Adjustment of Reserve Requirements(1-2 hours ahead)Day-Ahead Market Real-Time Market Figure 21: Process for Calculating Real-Time Regulation Requirements Improving Commitment of Generation ResourcesAll study scenarios (with the possible exception of 2% BAU) experienced operational challenges on days when wind and solar energy were over-forecast in the day-ahead market.

  • Scott Barash, Vice President and General Counsel, USAC, to Magalie Roman Salas, Secretary, Federal Communications Commission, dated October 22, 1999 (Commitment Adjustment Plan).

  • Still the functioning of government organization especially Court is different from other sector.

Related to Commitment Adjustment

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Available Commitment means a Lender’s Commitment minus:

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Initial Commitment means, in relation to an Initial Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.

  • Aggregate Revolving Commitment means the sum of the Revolving Commitments of all the Revolving Lenders.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000).

  • Total Commitment means the sum of the Commitments of the Lenders.

  • Revolving Commitment Fee has the meaning specified in Section 2.09(a).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.