Maximum Commitment definition

Maximum Commitment means initially the amount specified in item 4 on Schedule A, as such amount may be reduced from time to time in accordance with Section 2.04(a).

Maximum Commitment means initially $15,191,295 as the same may be reduced from time to time in accordance with Section 2.04(a).

Maximum Commitment means, when used with reference to any Lender, the aggregate of such Lender’s Term Commitments and Revolving Commitment in the amounts not to exceed those set forth opposite the name of such Lender on Schedule 1.1(a) hereto, subject to reduction from time to time in accordance with the terms of this Agreement.

Examples of Maximum Commitment in a sentence

• Notwithstanding the foregoing: (x) any reduction of the Maximum Commitment shall be in an amount equal to $25,000,000 or multiples thereof; and (y) in no event shall a reduction by the Borrowers reduce the Maximum Commitment to $50,000,000 or less (except for a termination of all the Commitments).

• Any reduction of the Maximum Commitment shall reduce the Commitments of the Lenders according to their Pro Rata Share.

• If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Option 1 Put or Option 2 Put, and the Option 1 Purchase Price or Option 2 Purchase Price with respect to such Option 1 Put or Option 2 Put shall be reduced by any Clearing Costs related to the return of such Put Shares.

More Definitions of Maximum Commitment

Maximum Commitment means $275,000,000180,000,000, as such amount may be increased by Borrowers in accordance with Section 3.6 or decreased by Borrowers pursuant to Section 3.5.

Maximum Commitment means, (a) at any date of determination prior to the Commitment Termination Date, the lesser of (x) $340,000,000 or (y) such lesser amount remaining following any reduction of the Maximum Commitment in accordance with Section 2.02 (Voluntary Reductions or Termination of the Maximum Commitment) or Section 2.04 (Commitment Reduction and Termination) and (b) on and after the Commitment Termination Date, zero.

Maximum Commitment means $22,014,150, as the same may be reduced from time to time in accordance with Section 2.04(a).

Maximum Commitment means, as of any date of determination, the sum of the maximum Commitments of all Committed Investors hereunder.

Maximum Commitment means, for any day, the lesser of (x) $605,000.00 and (y) the Stated Portion of the Required Amount on such day.

Maximum Commitment means $20,314,018, as the same may be reduced or increased from time to time in accordance with Section 2.04(a).

Maximum Commitment means, at any time the same is to be determined, an amount equal to the aggregate Commitments of the Committed Lenders, as such amount may be increased pursuant to Section 2.17 or reduced by Borrower pursuant to Section 3.06.