or Maximum Commitment definition

or Maximum Commitment means, subject in each case to adjustments on account of Dispositions of Membership Interests permitted by this Agreement, (a) in the case of a Member executing this Agreement as of the date of this Agreement or a Person acquiring that Membership Interest, the amount specified for that Member as its Maximum Commitment on Exhibit A, and (b) in the case of a Membership Interest issued pursuant to Section 3.04, the Commitment established pursuant thereto.
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Examples of or Maximum Commitment in a sentence

  • Any Lender may, subject to the limitations set forth below, assign or transfer, in whole or in part, this Agreement and the other Loan Documents and further may sell participations in all or any part of its Advances or Maximum Commitment or any other interest in the Obligations or any of its obligations hereunder to another Person.

  • The Borrower may, from time to time on any Business Day occurring after the Closing Date, voluntarily reduce either the Revolving Period Commitment Amount or Maximum Commitment Amount; provided, however, that all such reductions shall require at least three Business Days' prior notice to the Agent and be permanent, and any partial reduction of the Revolving Period Commitment Amount or Maximum Commitment Amount shall be in a minimum amount of $1.0 million and in an integral multiple of $500,000.

  • Sjauta has paid and hereby commits to pay the expenses of Global in connection with its business development, as and when incurred, up to and including Eighty-five Thousand Dollars ($85,000.00 or Maximum Commitment.) Such expenses paid shall accrue to the outstanding principal balance of the Promissory Note stated herein (Principal Sum”).