Post-Delivery Commitment Letter definition

Post-Delivery Commitment Letter means a letter, issued by a banking institution (the “Post-Delivery Lender”) and addressed to the Parent Guarantor and/or the relevant Owner and accepted by the Parent Guarantor and/or the relevant Owner setting out the main terms and conditions pursuant to which the relevant Post Delivery Lender shall provide the Parent Guarantor and/or the relevant Owner with a certain loan facility (the “Post Delivery Loan”) for the purpose of financing one or more Ships on the Delivery Date(s) thereof under the terms and conditions therein set forth;
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Related to Post-Delivery Commitment Letter

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Commitment Letters has the meaning set forth in Section 4.6(b).

  • Commitment Letter has the meaning set forth in Section 5.8.

  • Equity Commitment Letter has the meaning set forth in Section 4.5.

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.