Material Commitment definition

Material Commitment means any agreement, contract or other arrangement binding on Owner or any of its subsidiaries which could reasonably be expected to result in payments by the Owner or any of its subsidiaries of more than the Basket Amount then in effect or that AECP GP or Owner advises the Manager would otherwise qualify as a material contract under Regulation S-K of the Securities Act of 1933.

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Material Commitment means a legally binding commitment (other than the Commitments) by one or more banks or other financial institutions to extend credit to the Borrower in an aggregate amount exceeding $15,000,000 (regardless of the level of utilization, if any, of such commitment at any particular time).

Material Commitment means a legally binding commitment by one or more banks or other financial institutions to extend credit to the Company and/or its Subsidiaries in an aggregate amount of $25,000,000 or more pursuant to a written agreement signed by the Company or a Subsidiary.

Examples of Material Commitment in a sentence

• Enter into any contract or agreement on behalf the Owner, or otherwise obligate the Owner under any contract or agreement, that would reasonably be expected to constitute a Material Commitment.

• Enter into any contract or agreement on behalf of Owner, or otherwise obligate Owner under any contract or agreement, that would reasonably be expected to constitute a Material Commitment.

• Such Material Commitment Amount shall be deposited in immediately available funds to the bank indicated by KMC for payment below.

• Each Material Commitment was made on a basis calculated to produce a profit under the circumstances prevailing when it was made, and TXEN is not aware of any circumstances that might reasonably be expected to prevent the realization of a profit.

• Schedule 2.30, Project List, sets forth a "Project List" with respect to each Material Commitment.

• To the Knowledge of Seller, (i) no third party is in material breach of or material default of any material provision of a Material Commitment, and (ii) no event or omission has occurred which, through the passage of time or the giving of notice, or both, would be reasonably likely to constitute a material breach of or material default thereunder or give rise to an automatic termination, or the right of discretionary termination, thereof.

• In the event that District fails to undertake any Material Commitment, Town will provide 30 days’ written notice of the breach.

• Except as set forth on the Project List, no Material Commitment involves the development of any product or technology that, to the best knowledge of TXEN, would infringe on the proprietary rights of any other party.

• Default or the happening of any event shall occur under any indenture, agreement, or other instrument under which any Material Commitment is made or any Debt of the Company or any Subsidiary in an aggregate amount of $25,000,000 or more is outstanding and such default or event shall continue for a period of time sufficient to permit the acceleration of the maturity of any Debt of the Company or any Subsidiary outstanding thereunder or to permit termination of any Material Commitment.

• Schedule 10.18 sets forth a "Project List" with respect to each Material Commitment.

More Definitions of Material Commitment

Material Commitment means an outstanding commitment by a financial institution or a syndicate of financial institutions to provide financial accommodations to the Borrower and/or one or more of its Subsidiaries, arising in one or more related transactions, in an amount equal to or exceeding in the aggregate $50,000,000.

Material Commitment means the entry into or the amendment of any contract or legally binding commitment or series of related contracts or commitments (whether at one time or over a period of time) under which the Company is required to or otherwise may incur expenditures of more than $[Redacted - Commercially sensitive information] over the term of the contract(s) or commitment(s).

Material Commitment means, with respect to any Person, any Contractual Obligation which (a) was not entered into in the ordinary course of business, (b) was entered into in the ordinary course of business which (i) involves the purchase, sale or lease of goods or materials or performance of services aggregating more than $250,000, (ii) extends for more than twelve (12) months, or (iii) is not terminable on thirty (30) days' or less notice without penalty or other payment or (c) involves indebtedness for money borrowed or capital lease obligations in excess of $250,000.

Material Commitment means, with respect to the Arcus Entities or Acquiror, as the case may be, any Contractual Obligation (a) which involves the purchase, sale or lease of goods or materials or performance of services aggregating more than $100,000 (other than those relating to billable consulting staff), or (b) which involves indebtedness for money borrowed in excess of $100,000 or (c) which is or otherwise constitutes a written agency, dealer, license, distributorship, sales representative or similar written agreement involving more than $100,000.

Material Commitment means, with respect to the Company, any Contractual Obligation (a) which (i) involves the purchase, sale or lease of goods or materials or performance of services aggregating more than $15,000, (ii) extends for more than three (3) months, or (iii) is not terminable on thirty (30) days or less notice without penalty or other payment, (b) which involves indebtedness for money borrowed in excess of $100,000, or (c) which is or otherwise constitutes a written agency, dealer, license, distributorship, sales representative or similar written agreement.