Commitment Charges definition

Commitment Charges means a one time commitment charge leviable by the Bank on the Borrower at the rate mentioned in the Item No. VIII of the Schedule-A on the unutilized amount of the Loan or non- compliance of any terms & condition agreed in this agreement.
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Examples of Commitment Charges in a sentence

  • The Borrower agrees to create security interest in such form and manner as may be required by the Lender to secure the principal amount of the Loan together with Interest, Commitment Charges, bounce charges, Late Payment Charges, costs, charges, Legal Charges/cost expenses etc.

  • The Affected Party has no entitlement to, and the other party has no liability for any costs, losses, expenses, damages or the payment of any part of the Standing Charges or Commitment Charges during a Force Majeure Event.

  • Commitment Charges will only apply in respect of the Service when the Member requires that Service to be in a state of Commitment.

  • Payment of any Standing Charges or Commitment Charges as part of the Contract Price will not be made for any period or part thereof that the Services stipulated by this Contract are not provided by the Contractor in the terms of this Contract or the Services are deemed Not Serviceable .

  • Payment of any Standing Charges or Commitment Charges as part of the Contract Price will not be made for any period or part thereof that the Services stipulated by this Contract are not provided by the Contractor in the terms of this Contract or the Services are Not Serviceable as a result of a Force Majeure Event.

  • Payment of any Standing Charges or Commitment Charges as part of the Contract Price will not be made for any period or part thereof that the Services stipulated by this Contract are not provided by the Contractor in the terms of this Contract or the Services are deemed Not Available.

  • Commitment Charges 0.00 0.18 0.18 Notes: Numbers may not sum precisely because of rounding.

  • Payment of any Standing Charges or Commitment Charges as part of the Contract Price will not be made for any period or part thereof that the Services stipulated by this Contract are not provided by the Contractor in the terms of this Contract or the Services are Not Available as a result of a Force Majeure Event.

  • The indexed Holdover Rate energy supply charge will be based upon the ERCOT balancing energy services Real-Time Energy (“RTE”), any Reliability Unit Commitment Charges (“RUC”), applied to the customer’s assigned ERCOT load profile (non-IDR meter) or the 15-minute interval data (Interval Data Recorder [IDR]) per ESI-ID plus a fixed RTE Adder.

  • ALLOCATION AND WITHDRAWAL OF LOAN PROCEEDS (Railway Sector Investment Program – Project 3) Number Item Total Amount Allocated for ADB Financing ($) Category Basis for Withdrawal from the Loan Account 1 Goods 89,250,000 100% of total expenditure claimed* 2 Interest and Commitment Charges 2,520,000 100% of total amount due 3 Unallocated 8,230,000 Total 100,000,000 *Exclusive of taxes and duties imposed within the territory of the Borrower.

Related to Commitment Charges

  • Prepayment Charges Any prepayment premium or charge payable by a Mortgagor in connection with any Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note or Mortgage, as applicable.

  • Prepayment Charge With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan during a Prepayment Period in accordance with the terms thereof (other than any Servicer Prepayment Charge Payment Amount).

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

  • Development Charges or “DC” shall mean the amount charged by the Company from the Applicant(s) towards carrying out the developmental works inside or around the Project, including but not limited to the payment of the following:

  • Facility Fees has the meaning provided in Section 2.11(a).