Commitment Period definition
Examples of Commitment Period in a sentence
The Borrower shall use commercially reasonable efforts to deliver to the Administrative Agent, on each Settlement Date during the Revolving Commitment Period, a report setting forth the aggregate amount of Tranche B Loans and the aggregate amount of Tranche C Loans the Borrower anticipates (as of such Settlement Date) requesting from the Lenders during the calendar month following such Settlement Date.
If the number of Batches ordered (or deemed to be ordered) by the Collaboration Partners during any Biannual Minimum Volume Commitment Period falls short of the applicable Biannual Minimum Volume Commitment, the amount of such shortfall shall be a “Biannual Minimum Volume Deficit”.
During each Annual Minimum Volume Commitment Period (subject to subsection (iv), below), the Collaboration Partners shall order from Provider at least the Biannual Minimum Volume Commitments for each of the Biannual Minimum Volume Commitment Periods that fall therein (together, the “Annual Minimum Volume Commitment” and the total price payable for such Annual Minimum Volume Commitment, the “Annual Minimum Volume Commitment Amount”).
Within the foregoing limits and subject to the terms and conditions set forth herein (including the Administrative Agent’s authority, in its sole discretion, to make Protective Advances pursuant to the terms of Section 2.02), amounts borrowed pursuant to this Section 2.01(a) may be repaid and reborrowed during the Revolving Commitment Period.