Commitment Payment definition

Commitment Payment means for each Preferred Backstop Investor a fee equal to the Commitment Percentage of the product of (i) such Preferred Backstop Investor’s Backstop Percentage and (ii) $300 million.
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Commitment Payment has the meaning set forth in Section 3.1.
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Commitment Payment means a cash payment of $1,750,000.
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Examples of Commitment Payment in a sentence

  • The Company shall have paid each Preferred Backstop Investor such Preferred Backstop Investor’s pro rata portion of the Commitment Payment in accordance with the terms of this Agreement.

  • Subject only to Bankruptcy Court approval, each Company Party has all necessary corporate power and authority to enter into this Agreement and to carry out its obligations hereunder (including, without limitation (a) the issuance of the Backstop Shares and (b) the payment of the Commitment Payment) in accordance with the terms hereof.

  • The provisions for the payment of the Commitment Payment and Expense Reimbursement, and the indemnification provided herein, are an integral part of the transactions contemplated by this Agreement and without these provisions the Commitment Parties would not have entered into this Agreement.

  • In an eligible per service orchestra that makes such an election, the Annual Media Commitment Payment shall be paid to all Musicians on the roster.

  • Such orchestras are not eligible to use the special “bulk discount” option established by Article XIX (Annual Media Commitment Payment).

  • An EMG in existence as of the date of this Agreement may be used to pay the Annual Media Commitment Payment.

  • The Commitment Payment is and has been fully earned, nonrefundable (except as otherwise provided in Section 2.3(b) and Section 9.4(b) of this Agreement) and non-avoidable and has been paid by the Debtors, free and clear of any withholding or deduction for any applicable Taxes or any other claim, setoff, or reserve.

  • This rate shall not be subject to further reduction pursuant to the provisions of Article XIX (Annual Media Commitment Payment).

  • In the event that the Employer elects the Annual Media Commitment Payment option (Article XIX), substitutes and extras shall be paid in accordance with the Annual Media Commitment Payment option provisions regarding substitute and extra Musicians.

  • The Annual Media Commitment Payment shall be considered scale wages and be subject to pension contributions in accordance with Article XXII.


More Definitions of Commitment Payment

Commitment Payment has the meaning ascribed to such term in the Payment Letter.
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Commitment Payment shall have the meaning set forth in Section 6.3.
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Commitment Payment shall have the meaning set forth in the recitals hereof.
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Commitment Payment shall have the meaning set forth in Background paragraph D above.
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Commitment Payment has the meaning ascribed to such term in the Payment Letter. “Company Claims/Interests” means, collectively, any Claim against or Equity Interest in a Company Party or a wholly or partially owned direct or indirect subsidiary of any Company Party.
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Related to Commitment Payment

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

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • 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 equals $100,000,000.

  • 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.