Commitment Limit definition

Commitment Limit shall have the meaning set forth in Article 2, below.

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Commitment Limit means, at any particular date, the lesser of (x) the Amount (as it may be increased by the Banks from time to time) or (b) the Borrowing Base as most recently determined and in effect (including the effect of any Periodic Reductions).

Commitment Limit in Section 1.2 of the Credit Agreement is hereby deleted in its entirety therefrom and the following is substituted in lieu thereof:

Examples of Commitment Limit in a sentence

• The total Ancillary Commitments shall not at any time exceed the Ancillary Commitment Limit.

• The full value of such Boeing provided Promotional Support will be accounted for as part of the Commitment Limit and will correspondingly reduce the amount of Qualifying Third Party Fees that are subject to reimbursement pursuant to Article 3.1 above.

• No letter of credit will be issued (x) if the face amount thereof plus the aggregate undisbursed amount of all standby letters of credit then outstanding would exceed the Letter of Credit Sublimit, or (y) if the face amount thereof plus the aggregate of all Advances then outstanding plus the aggregate undisbursed amount of all standby letters of credit then outstanding would exceed the Commitment Limit.

• As more particularly set forth in this Letter Agreement Boeing agrees to provide Promotional Support to Customer in a value not to exceed [*] Dollars) for the first Covered Aircraft delivered to Customer and not to exceed $[*] Dollars) per Covered Aircraft for each Covered Aircraft delivered to Customer thereafter (Commitment Limit).

• Any such termination of the Revolving Commitment Limit occurring on or prior to the first year anniversary of the Closing Date shall be accompanied by the Termination Fee required pursuant to Section 5.4.

More Definitions of Commitment Limit

Commitment Limit means at any time the lesser of (a) $20,000,000.00 or (b) the then existing Borrowing Base.

Commitment Limit means, at any particular date, the lesser of (a) the Amount (as it may be increased by the Banks from time to time) or (b) the Borrowing Base as most recently determined and in effect (including the effect of any Periodic Reductions), provided, however, that when a Defaulting Bank shall exist, Commitment Limit shall mean, at any particular date, the lesser of (x) the Amount minus the Defaulting Bank Unfunded Portion or the Borrowing Base minus the Defaulting Bank Unfunded Portion.

Commitment Limit means the maximum amount of the subordinated loan granted by Banco Popolare as indicated in the Subordinated Loan Agreement, save for the further increase that may be determined unilaterally by Banco Popolare through a written notice to the Guarantor.

Commitment Limit has the meaning given to it in clause 2.3 (Reduction in Available Commitment).

Commitment Limit means, at any particular date, the LESSER of (a) the Amount or (b) the Borrowing Base then in effect.

Commitment Limit means the maximum amount granted by Banco Popolare under the Subordinated Loan Agreement, save for any further increase that may be determined unilaterally by Banco Popolare as Subordinated Loan Provider and notified to the Guarantor.

Commitment Limit means the dollar amount listed as the Commitment Limit on the signature page to this Agreement.