Equipment Loan Commitment definition

Equipment Loan Commitment means, as to any Lender, the obligation of such Lender (if applicable), which obligation is subject to all the terms and conditions of this Agreement and the Other Documents, to make Equipment Loans in an aggregate principal amount not to exceed the Equipment Loan Commitment Amount (if any) of such Lender.

Equipment Loan Commitment means, with respect to each Lender, its Equipment Loan Commitment, and, with respect to all Lenders, their Equipment Loan Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 or in the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

Equipment Loan Commitment means the Bank’s Commitment to make Advances in the aggregate amount of $36,000,000.

Examples of Equipment Loan Commitment in a sentence

• Each Lender agrees to make a loan to Borrower (each such loan, an “Equipment Loan”) on the Closing Date in such Lender’s applicable Pro Rata Share of the Maximum Equipment Loan Commitment.

• Each payment (including each prepayment) by any Borrower on account of the principal of and interest on the Equipment Loans shall be applied to the applicable Equipment Loan pro rata according to the Equipment Loan Commitment Percentages of Lenders in the inverse order of maturities thereof.

• Borrower shall pay to Agent for the ratable benefit of Lenders at the end of each month, in arrears, and on the last day of the Term an Unused Line Fee equal to one quarter of one percent (0.25%) per annum on the daily average amount by which the Revolving Loan Commitment and Equipment Loan Commitment exceeds the sum of (i) the outstanding principal balance of the Revolving Loans, (ii) the outstanding principal balance of the Equipment Loans and (iii) the outstanding Letter of Credit Obligations.

• I would like to take this opportunity to thank Mr Bale QC, on behalf of all serving Board members and employees, for his diligent and generous service to, and stewardship of, the Board over a period of five and a half years, and to recognise his significant contribution to the legal profession in Tasmania.

• Commitment - at any date for any Lender, the aggregate amount ---------- of such Lender's Revolver Commitment and Equipment Loan Commitment and "Commitments" means the aggregate amount of all Revolver Commitments and Equipment Loan Commitments.

More Definitions of Equipment Loan Commitment

Equipment Loan Commitment means the Bank’s obligation to make Equipment Loans to the Company in an aggregate principal amount in aggregate amount not to exceed $1,000,000, subject to the conditions set forth herein.

Equipment Loan Commitment means at any given time an amount equal to the lesser of One Million Five Hundred Thousand Dollars ($1,500,000.00) or the outstanding Equipment Loan Notes plus 80% of any equipment being financed under the Equipment Line of Credit whether by means of Bank Indebtedness or a leasing arrangement with Bank or an Affiliate of Bank.

Equipment Loan Commitment means the sum of $1,000,000.

Equipment Loan Commitment means at any given time an amount equal to the lesser of Two Million Five Hundred Thousand Dollars ($2,500,000.00) or the aggregate principal amount outstanding on the Equipment Loan Notes plus 80% of the aggregate principal amount outstanding under any loan for equipment being financed under the Equipment Line of Credit by means of Bank Indebtedness and plus 100% of the total unpaid rent due under any equipment financed by a leasing arrangement with Bank or an Affiliate of Bank.

Equipment Loan Commitment means $2,000,000.

Equipment Loan Commitment means the commitment of the Lender to make Equipment Loans of up to $5,000,000.00.

Equipment Loan Commitment means, as the context may require, the VLL5 Equipment Loan Commitment or the VLL6 Equipment Loan Commitment. Each Lender’s Equipment Loan Commitment is several and not joint with the Equipment Loan Commitment of the other Lender.