Commitment Obligation definition

Commitment Obligation means for each Bank the obligation hereunder of such Bank to make Loans to the Borrower in an aggregate principal amount at any one time outstanding not to exceed the Commitment for such Bank.
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Commitment Obligation means for each Bank (i) with respect to the period prior to the Effective Date, the commitments of Banks to make Loans or to acquire participations in Letters of Credit as set forth in subsection 2.1 of the Existing Credit Agreement, and (ii) on and after the Effective Date, the commitments of Banks to make Loans as set forth in Section 2.1(b) of this Agreement or to acquire participations in Letters of Credit as set forth in
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Examples of Commitment Obligation in a sentence

  • Accrued Commitment Fee shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December of each year and on the Loan Maturity Date or upon such earlier date as the Commitment Obligation for such Bank has been terminated.

  • The cash value of all unused AEROACCESS™ PROGRAM Credits shall be one U.S. dollar for each unused AEROACCESS™ PROGRAM Credit, without interest less a Commitment Obligation of 15% of the unused AEROACCESS™ PROGRAM Credits.

  • If Tenant fails to meet the 3-Month Commitment Obligation or the Full Funding Obligation, then Landlord shall have the right to deliver to Tenant a Notice of breach.

  • Landlord’s Notice shall indicate the dollar amount of funds required to meet the 3-Month Commitment Obligation or the Full Funding Obligation, as applicable.