Commitment shall definition

Commitment shall mean each Lender's commitment in accordance with this Financing Agreement to make Revolving Loans and to purchase a participation interest in Letters of Credit (the "Revolving Credit Commitment") and to make the Term Loan (the "Term Loan Commitment"), in each case in the amount of such Lender's pro rata share, as set forth in Annex I to this Financing Agreement, as such Annex I may be amended from time to time by the Agent. COMMITMENT LETTER shall mean the Commitment Letter, dated June 7, 2000, issued by CIT to, and accepted by, the Borrower. consolidated shall mean, with respect to any financial statement of the Borrower, the preparation of such financial statement on a consolidated basis for the Borrower and its consolidated subsidiaries, eliminating all inter-company transactions and prepared in accordance with GAAP. consolidating shall mean, with respect to any financial statement of the Borrower, the preparation of such financial statement on a consolidated basis plus individual balance sheets for the Borrower and its consolidated subsidiaries, showing all eliminations of inter-company transactions, including a balance sheet for the Borrower exclusively, all prepared in accordance with GAAP.

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Commitment shall mean each Lender's commitment in accordance with this Agreement to make Revolving Loans and acquire L/C Participations (the "Revolving Credit Commitment"), in the amount of their respective pro rata shares of the Revolving Credit Commitment set forth in the schedules prepared by the Administrative Agent or the Assignment and Transfer Agreement executed by the relevant Lender, and the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 4 of this Agreement.

Commitment shall mean either a Tranche A Commitment, a Tranche B Commitment Letter shall mean that certain Commitment Letter dated December 15, 2006, among the Arrangers/Bookrunners, certain of their Affiliates and the Borrower. Consummation Date shall mean the date of the substantial consummation (as defined in Section 1101 of the Bankruptcy Code and which for purposes of this Agreement shall be no later than the effective date) of a Reorganization Plan that is confirmed pursuant to an order of the Bankruptcy Court. Dilution Factors shall mean, without duplication (including, without duplication to the deductions taken into account in the calculation of Eligible Receivables), with respect to any period, the aggregate amount of all deductions, credit memos, returns, adjustments, allowances, bad debt write-offs and other non-cash credits which are recorded to reduce accounts receivable in a manner consistent with current and historical accounting practices of the Loan Parties.

Examples of Commitment shall in a sentence

• Each borrowing under the Swingline Commitment shall be in an amount equal to $500,000 or a whole multiple of $100,000 in excess thereof.

• Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.

• Any reduction of the Revolving Credit Commitment shall be applied to the Revolving Credit Commitment of each Revolving Credit Lender according to its Revolving Credit Commitment Percentage.

• Solely for the purposes of voting or consenting to matters with respect to the Loan Documents, such Defaulting Lender shall be deemed not to be a “Lender” and such Lender’s Commitment shall be deemed to be zero.

• Solely for the purposes of voting or consenting to matters with respect to the Loan Documents (including the calculation of Pro Rata Share in connection therewith) and for the purpose of calculating the fee payable under Section 2.10(b), such Defaulting Lender shall be deemed not to be a “Lender” and such Lender’s Commitment shall be deemed to be zero; provided, that the foregoing shall not apply to any of the matters governed by Section 14.1(a)(i) through (iii).

• Each borrowing under the Swing Line Commitment shall be in an amount equal to $500,000 or a whole multiple of $100,000 in excess thereof.

• Any termination or reduction of the Commitment shall be permanent.

• Solely for the purposes of voting or consenting to matters with respect to the Loan Documents, such Defaulting Lender shall be deemed not to be a "Lender" and such Lender's Commitment shall be deemed to be zero.

• Swing Line Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Swing Line Loans and all other amounts owed hereunder with respect to the Swing Line Loans and the Revolving Commitments shall be paid in full no later than such date.

• The Swing Line Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Swing Line Loans and all other amounts owed hereunder with respect to the Swing Line Loans shall be paid in full no later than that date.

More Definitions of Commitment shall

Commitment shall mean each Lender's commitment in accordance with this Financing Agreement to make Revolving Loans and acquire L/C Participations (the "Revolving Credit Commitment") and to provide the Term Loan funding (the "Term Loan Commitment"), in the amount of their respective pro rata shares of the Revolving Credit Commitment and the Term Loan Commitment allocable to Term Loan A (the "Term Loan A Commitment") and to Term Loan B (the "Term Loan B Commitment") set forth in the schedules prepared by the Administrative Agent or the Assignment and Transfer Agreement executed by the relevant Lender, and the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 5 of this Financing Agreement.