Company Commitment definition
Examples of Company Commitment in a sentence
The real property located 1151 ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇ subject to liens described in Chicago Title Insurance Company Commitment for Title Insurance No. 1410009900166 at Schedule B, paragraphs 9, 10, 11, 12, 13 and 14.
Denominations.................................................................................23 Section 303.
Weeks acknowledges receipt of, and hereby -------------------------- approves, that certain ALTA Commitment Title Insurance issued to Weeks by Old Republic National Title Insurance Company, Commitment No. 96- 437 (Revised), committing to issue title insurance on the Property in the amounts of coverage therein stated (the "Commitment").
The lenders under the Company Commitment Letter shall have made available to the Company an aggregate of $178 million under the Company Credit Facility and an additional $15 million shall be available immediately after such borrowing.
Following the date hereof through the Business Day immediately prior to the Closing, the Company shall use commercially reasonable efforts to negotiate and execute the definitive documentation for the Company Loan on terms and conditions consistent with the Company Commitment Letter and otherwise on such other commercially reasonable terms and conditions to which the Company agrees (“Definitive Loan Documents”).
Notwithstanding anything contained in this Section 5.1, no lien or encumbrance which is not set forth in First American Title Insurance Company Commitment OR-9732345, (a copy of which has been provided to Purchaser) shall constitute an Unacceptable Encumbrance unless such lien or encumbrance shall have arisen subsequent to September 10, 1997.
The Buyer has been advised that the offer and sale of the Shares, the Commitment Ordinary Shares and the Company Commitment Shares (collectively, the “Acquired Securities”) has not been registered under the Securities Act, or any other securities laws and, therefore, none of the Acquired Securities acquired pursuant to this Agreement can be resold unless they are registered under the Securities Act and applicable securities laws or unless an exemption from such registration requirements is available.
Seller and Purchaser further agree that, except for the deed of trust shown as Item 5 on Schedule C to that certain Commonwealth Land Title Insurance Company Commitment G.
Notwithstanding anything in this Indenture, on the Issue Date simultaneously with the issuance of the Notes, (i) the Issuer and the Company will enter into the Company Commitment Letter and (ii) the Issuer will, pursuant to the terms of the Escrow Agreement, deposit, or cause to be deposited $[492,477,967.50] (the “Initial Escrow Deposit”), into an account pledged to the Trustee (the “Escrow Account”) with Barclays Bank PLC, New York Branch, as Escrow Agent, pursuant to the Escrow Agreement.
The funding by the Parent of the Company Commitment Amount shall be treated as an advance by the Parent to the Company, provided that if the Company does not repay in full the Company Commitment Amount by the Company Commitment Date, the Company’s interest in the Aripuanã Joint Venture shall be diluted proportionately to such amount in accordance with the terms of the association agreement in respect of the Aripuanã Joint Venture.