Maximum Commitment definition

Maximum Commitment means initially $27,344,142 as the same may be reduced from time to time in accordance with Section 2.04(a).

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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 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).

Examples of Maximum Commitment in a sentence

• Provided no Default, Event of Default, Cash Sweep Event or Cure Plan Event has occurred and is continuing, and subject to compliance with the terms of this Section 2.02, upon delivery to the Administrative Agent (with a copy to the Collateral Trustee) by the Borrower Representative of a Facility Increase Request, the Borrowers may request a permanent increase of the Maximum Commitment.

• 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 Put, and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs incurred related to the return of such Put Shares.

• Any reduction of the Maximum Commitment shall reduce the Commitments of the Lenders on a pro rata basis, subject to Section 2.02 hereof.

More Definitions of Maximum Commitment

Maximum Commitment means initially $106,248,048.40, as such amount 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.

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 (Tranche B Commitment Reduction and Conversion) and (b) on and after the Commitment Termination Date, zero.

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.

Maximum Commitment means initially the amount specified in item 3 on Schedule A, as such amount 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) $6,721,126.50 and (y) the Stated Portion of the Required Amount on such day.