Commitment Extension definition

Commitment Extension means an extension of the Termination Date in accordance with Section 2.20.
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Commitment Extension has the meaning specified in Section 2.7.
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Commitment Extension has the meaning assigned to such term in Section 2.16(a).
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Examples of Commitment Extension in a sentence

  • The Administrative Agent and the Borrower shall promptly confirm to the Banks such extension and the Commitment Extension Effective Date.

  • The Borrower shall prepay any Committed Loans outstanding on the Commitment Extension Effective Date (and pay any additional amounts required pursuant to Section 6.5) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the Banks.

  • Monthly Rate within Commitment Period is waived during such bridging period for Basic Plan or Fiber-to-the-Home Plan under NETVIGATOR Service.■ Total Commitment Period: This is the total contract period for the Commitment Period and Commitment Extension.

  • The Commitment Period commences on the target Commencement Date unless HKT advises otherwise.■ Commitment Extension: This is the bridging period to the Commitment Period to enable customers to switch from other operators.

  • Agent shall promptly deliver to Lessor and each Participant three (3) copies of each Commitment Extension Request received by Agent.

  • That review, however, will properly be performed by someone who has the requisite training, skill, and license to do so.Lack of Standards in the Proposed Amendments to the Grading Ordinance The proposed amendments set forth certain review criteria that the Planning Commission is to apply when it reviews grading permit applications.

  • Lessee shall pay the Commitment Extension Fee on or prior to the Business Day immediately preceding the original Commitment Termination Date.

  • If Lenders constituting the Required Lenders shall have agreed to a Commitment Extension Request, then the Commitment Termination Date shall, as to the Consenting Lenders, be extended to the first anniversary of the Commitment Termination Date theretofore in effect.

  • The decision to agree or withhold agreement to any Commitment Extension Request shall be at the sole discretion of each Lender.

  • Each Lender shall, by notice to the Company and the Agent given not later than the 20th day after the date of the Agent’s receipt of the Company’s Commitment Extension Request, advise the Company whether or not it agrees to the requested extension (each Lender agreeing to a requested extension being called a “Consenting Lender” and each Lender declining to agree to a requested extension being called a “Declining Lender”).


More Definitions of Commitment Extension

Commitment Extension is defined as an increase in the financial commitment previously made. “Memoranda of Agreement (MOA)” or “Memoranda of Understanding (MOU)” is a nonbinding agreement that provides the framework for collaboration between two or more parties on a common goal or set of goals to be achieved in the future. An MOU may serve as the precursor to one or more formal written contracts between the parties.
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Commitment Extension means an extension of the Termination Date in accordance with Section 2.20. “Commitment Increase” has the meaning specified in Section 2.19(b).
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Related to Commitment Extension

  • Commitment Expiry Date means the date that is three (3) years following the Closing Date.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any New Term Loans which shall be consistent with the applicable provisions of this Agreement relating to New Term Loans otherwise satisfactory to the Agent and the Borrower.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

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

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

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

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 or 9.02(c)(i).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

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

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

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

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

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Commitment Schedule means the Schedule attached hereto identified as such.

  • Total Loan Commitment means as to any Lender the aggregate commitments of such Lender with respect to its Revolving Loan Commitment and Term Loan Commitment.

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Additional Commitment means any commitment hereunder added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

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

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).