Outstanding Commitment definition
Examples of Outstanding Commitment in a sentence
Nothing contained in this Section 2.3, however, shall be interpreted to obligate the Bank to release funds or to fund an Outstanding Commitment in the event Borrower is unable to satisfy the continued eligibility for funding Advances or Collateral requirements of this Agreement or is otherwise in default under this Agreement.
VI-4 SCHEDULE I TO ASSIGNMENT AGREEMENT LIST OF LENDING OFFICES, ADDRESSES FOR NOTICES AND COMMITMENT AMOUNTS Date: _______________, ____ Transferred Percentage: ________% ▇-▇ ▇-▇ ▇-▇ ▇-▇ --- --- --- --- Outstanding Commitment Commitment Capital Ratable RPA Seller [existing] [revised] (if any) Share ---------- ---------- --------- -------- ----- ▇-▇ ▇-▇ ▇-▇ Outstanding Commitment Capital Ratable Purchaser [initial] (if any) Share Address for Notices Attention: Phone: Fax: Exh.
At all times that a Letter of Credit has been issued and is outstanding hereunder, each such Letter of Credit shall constitute an Outstanding Commitment (as defined in the Advances Agreement) and shall be included in the computation of the Customer’s Collateral Maintenance Level (as defined in the Advances Agreement).
As of the date hereof, neither the Seller nor the Company has received written notice that any party to any of the Outstanding Commitments intends to cancel or terminate any Outstanding Commitment.
Loans prepaid pursuant to this Section may be reborrowed up to the then Outstanding Commitment amount in accordance with the terms of this Agreement.
Notwithstanding the obligation of the Investor to purchase shares of Common Stock pursuant to Section 2.1(a), the difference between the Maximum Offering Amount and the aggregate Investment Amount of all purchases of Common Stock under this Agreement during the Commitment Period (such difference, the "Outstanding Commitment Amount") at any time shall not be less than the Loan Amount.