Contractual Commitment definition
Contractual Commitment has the meaning Section 7.21 specifies.
Contractual Commitment means a legally binding obligation under which the Council or County Council (as the case may be) is or will at some future date be obliged to expend money from a Commuted Sum.
Examples of Contractual Commitment in a sentence
Should PREP A need fuel of the same type and quality as the fuel herein contracted for at any of its other plants, PREPA may request such deliveries as per the rules outlined in paragraph C of this Article, and FREEPOINT shall endeavor within its best efforts to deliver this order to such other plant, up to a maximu m of FREEPOINT' s Contractual Commitment under this Contract.
BROG and BRTI mutually represent and warrant that the only Prior Contractual Commitment which exists with regard to Production Interests owned or controlled by them as of the date of execution of this Agreement within the Dedicated Area described in Exhibit B hereto is the dedication to Cantera Resources, Inc.