Commitment Price definition
Examples of Commitment Price in a sentence
The provisions of this Agreement may not be amended or waived, except that the Standby Purchase Commitment and the Standby Purchase Commitment Price may be modified in writing by the Company and the Standby Purchaser at any time prior to the Closing Date.
If the Bonds can be sold for a price that is at least equal to the Terminating Mandatory Tender Date Required Exchange Price, the Administrator will sell the Bonds on the Terminating Mandatory Tender Date to the party that has committed, by the close of the Administrator’s business on the Business Day preceding the Terminating Mandatory Tender Date, to purchase the Bonds at the Commitment Price.
If the Assets can be sold for a price that is at least equal to the Terminating Mandatory Tender Date Required Exchange Price, the Administrator will sell the Assets on the Terminating Mandatory Tender Date to the party that has committed, by the close of the Administrator’s business on the Business Day preceding the Terminating Mandatory Tender Date, to purchase the Assets at the Commitment Price.
Mortgage Loan or a Jumbo Mortgage Loan pledged hereunder, ninety-eight percent (98%) of the lesser of (i) the Mortgage Note Amount or (ii) in the case of a Conforming Mortgage Loan or a Jumbo Mortgage Loan which has been committed to an Investor at the time of the Advance, the Committed Purchase Price, or the product of the weekly Weighted Average Purchase Commitment Price at the time of the Advance multiplied by the Mortgage Note Amount for all other such Mortgage Loans.
For the avoidance of doubt, whenever Bonds are required to be sold as provided in this Article XIII, the Bonds will be sold to any Holder of the Class B Certificates or the Sponsor, in that order, if such Holder of the Class B Certificates or the Sponsor, as applicable, commits to purchase the Bonds at a price that is at least the Commitment Price or the highest bid at such sale, as applicable.
Lessor and Lessee agree that $2.45 shall constitute a floor only for purposes of determining Lessee’s royalty obligation to Lessor through December 31, 1990, and shall not constitute a minimum floor for purposes of establishing Lessee’s Development Commitment Price.
Signature Name of Entity (Please Print) By: Name (Please Print) Signature Name (Please Print) Title Aggregate Purchase Commitment: Price Per Share: $1.30 On this day of May, 2005, on behalf of the Company, a subscription for $ of Shares is hereby accepted by the Company.