Material Commitments definition

Material Commitments means commitments to extend credit which, if extended, would constitute Debt of the Borrower and/or one or more of its Subsidiaries in an aggregate amount exceeding $35,000,000. For purposes of this definition, any commitment for less than $1,000,000 shall be excluded, but commitments arising from one or more related or unrelated transactions shall be aggregated if each such commitment is for $1,000,000 or more..
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Material Commitments. As defined in Section 4.8(a).
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Material Commitments has the meaning set forth in Section 3(k).
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Examples of Material Commitments in a sentence

  • The Company does not expect that in the near term cash located outside of the U.S. will be needed to satisfy its obligations, dividends and other demands for cash in the U.S. Material Commitments and ContingenciesSettlement Agreement and Related CostsWe recorded a pre-tax charge of $850 million in 2002, of which $513 million represented a cash payment that was due upon the effectiveness of a plan of reorganization in the bankruptcy of W.

  • Any Material Commitments for Capital Expenditure and Expected FundsBranch network expansion and technology upgrades will account for the bulk of the Bank’s capital expenditures for 2013.

  • MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Material Commitments, Expenditures and Contingencies - Cayman Water Retail License.

  • Las Vegas Valley’s climate, at the edge of the Mojave Desert, is very dry and warm.

  • Amount of citric acid was calculated based on total valence of the oxidizing and reducing agents for maximum release of energy during combustion.

  • Material Commitments for Capital Expenditures The Bank’s capital expenditures in 2022 included expenses for IT-related activities on systems and licenses, and upgrade of bank premises including infrastructure, furniture, fixtures and equipment.

  • Any Material Commitments for Capital Expenditure and Expected FundsBranch network expansion and technology upgrades will account for the bulk of the Bank‘s capital expenditures for2018.

  • Material Commitments for Capital Expenditures, the general purpose of the Commitment and Expected Sources of Funds The Company estimates capital expenditures for the year 2017 to amount to P320 million for various real estate development, renovation and upgrade of facilities.

  • Material Commitments and Contingent Liabilities 2.1 Material commitments There are no material commitments incurred or known to be incurred by DKLS Group except for the Loan from the Financier to be undertaken to part finance the Proposed Acquisition by DESB.

  • Material Commitments and LiabilitiesOn July 15, 2021, the Company entered into the Loan and Security Agreement with Western Alliance Bank (“WA Loan”) to repay a loan to Silicon Valley Bank.


More Definitions of Material Commitments

Material Commitments. As defined in Section 4.9(a). MMT: Xxxx & Xxxxxx Mail and Messaging Company, a Delaware corporation, and its successors and permitted assigns, including any successor, whether by way of merger, acquisition, reorganization or otherwise, to its business operations.
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Related to Material Commitments

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

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

  • Financial Commitment means the legally binding undertaking of the Operator to mobilize the financial requirements of the project, for ensuring the completion of the project;

  • Commitments means, collectively, the aggregate amount of the commitments of all of the Lenders.

  • Additional Commitments means any commitments hereunder added pursuant to Section 2.22, 2.23 or 9.02(c).

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Revolver Commitments means the aggregate amount of such commitments of all Lenders.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

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

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Term Commitments means a Term B Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment as of the Closing Date is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $75,000,000. The Revolving Commitment of each Lender will be equal to zero on the Revolving Commitment Termination Date.

  • Financing Commitments has the meaning set forth in Section 5.7.

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

  • Material Contracts has the meaning set forth in Section 3.09(a).

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

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Total Commitments at any time, the aggregate amount of the Commitments then in effect.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Canadian Commitment means, for each Canadian Lender, the obligation of such Lender to make Canadian Revolving Loans and to participate in Canadian LC Obligations in an aggregate amount not exceeding the amount set forth in the Commitment Schedule or as set forth in any Assignment Agreement that has become effective pursuant to Section 12.3(a), as such amount may be modified from time to time pursuant to the terms hereof.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • 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.”

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.