Equipment Commitment definition

Equipment Commitment means a credit extension of up to $1,000,000.00.
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Equipment Commitment means a credit extension of up to
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Equipment Commitment set forth in SECTION 1.1 of the Loan Agreement is hereby amended and restated to read in its entirety as followings: "EQUIPMENT COMMITMENT - as at any date of determination thereof, an amount equal to (a) Thirty Million Dollars ($30,000,000), MINUS (b) the aggregate amount of all monthly reductions that have been scheduled to occur from the date of the Fifth Amendment through the date of determination of the Equipment Commitment, each in an amount of Three Hundred Twelve Thousand Five Hundred Dollars ($312,500), and each to occur on the first day of each calendar month during the term hereof, commencing on May 1, 1998 and continuing for each month thereafter."
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Examples of Equipment Commitment in a sentence

  • If the Company delivers an executed purchase order for Equipment to TCI pursuant to Section 2(a) and fails to purchase the same in accordance with the terms and conditions specified in the Terms Notice, then TCI may terminate the Equipment Commitment and its obligations under Section 2(b) by giving notice to such effect to the Company within 30 days thereafter.

  • Subject to and upon the terms and conditions of this Agreement, at any time from the date hereof through the Revolving Maturity Date (the "Equipment Availability End Date"), Bank agrees to make advances (each an "Equipment Loan") to Borrower in an aggregate amount not to exceed the Equipment Commitment.

  • The effectiveness of this Agreement is conditioned upon (a) the execution and delivery hereof by both Bank and Borrower; and (b) receipt by Bank from Borrower of a Facility Fee in the amount of $2,500.00 on account of the June 1999 Equipment Commitment.

  • Form E3: Equipment Commitment FormThe list of minimum equipment required is provided in Section 4.

  • Form E2: Equipment Commitment Form The list of minimum equipment required is provided in Section 4.

  • The Contractor shall engage competent workers to achieve the workmanship stated in the tender documents.(Attach Form G-3 Personnel Commitment FORM) Must Meet Requirement (Y/N); Full Compliance as per (Attach Form G-4 Equipment Commitment Form) MustMeet Requirement (Y/N); The dedicated team assigned by contractor for this project should be free and will not be assigned to other ongoingprojects.

  • The bidders shall furnish a separate Equipment Commitment Form for each LOT they apply for.

  • Until the New Equipment Termination Date, the New Equipment Loan shall be a line of credit, against which New Equipment Advances, including without limitation Capitalized Leases, may be made to Company, provided that (i) Company is not in default under any provision of this Agreement, and (ii) no advance shall be made that would cause the outstanding principal balance of the New Equipment Loan to exceed the New Equipment Commitment Amount.

  • Lenders' obligation to make Equipment Advances shall terminate on the earlier of (i) the occurrence and continuance of an Event of Default, or (ii) the Equipment Commitment Termination Date.

  • The Loan Agreement provides for a Committed Revolving Line for Revolving Loans, Cash Management Services, Letters of Credit, and Exchange Contracts; an Equipment Commitment for equipment acquisition Equipment Loans; and four Term Loans (with present approximate principal balances of $383,166, $260,608, $216,766 and $555,556 (hereinafter and hereafter in the Loan Agreement, “Term Loans A, B, C and D”)).


More Definitions of Equipment Commitment

Equipment Commitment means the Bank’s Commitment to make Advances in the aggregate amount of $7,000,000 pursuant to Section 2.01(b).
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Equipment Commitment means the obligation of Lender to make the Equipment Loan to Borrowers pursuant to Section 2.2 hereof in the principal amount of $2,000,000.00.
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Equipment Commitment. Equipment Loan", "Equipment
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Equipment Commitment for each Lender shall mean the amount set forth opposite such Lender's name on Schedule 1.1 hereof as such Lender's Equipment Commitment.
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Related to Equipment Commitment

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Delayed Draw Commitment means, as to each Lender, its obligation to make Delayed Draw Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “Delayed Draw Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Delayed Draw Commitments of all of the Lenders on the Closing Date shall be $150,000,000.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Total Loan Commitment means as to any Lender the aggregate commitments of such Lender with respect to its Revolving Loan Commitment and Term Loan Commitment.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Take-out Commitment means a commitment of Seller to sell one or more Purchased Mortgage Loans to a Take-out Investor in an arms-length, all cash transaction, and the corresponding Take-out Investor’s commitment back to Seller to effectuate the foregoing.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • Commitment means a Term Commitment or a Revolving Credit Commitment, as the context may require.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Initial Commitment means, in relation to an Initial Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Aggregate Revolving Commitment means the sum of the Revolving Commitments of all the Revolving Lenders.