Prior Commitment definition

Prior Commitment means, with respect to any Lender, such Lender’s “Commitment” under and as defined in the Existing Credit Agreement, if any, immediately prior to giving effect to this Agreement.
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Prior Commitment means the dollar amount of commitment or commitments of any Lenders under the Bank of America Agreement on the day immediately preceding the Effective Date.
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Examples of Prior Commitment in a sentence

  • The Borrower and Lender acknowledge that the Prior Commitment is null and void and of no further force or effect.

  • If the Title Commitment shows exceptions to title which are in addition to those listed on the most recent Prior Commitment and have a material adverse effect upon the marketability of the title to the Property, the Purchaser shall give the Seller notice thereof within three (3) business days ("Notice Period") of receipt of the Title Commitment.

  • BORROWER: Dyax Corporation AMOUNT OF LOANS: Not to exceed $2,000,000 in the aggregate (in addition to the Prior Commitment).

  • The parties desire to amend and restate the Prior Commitment Agreement and Prior Lease by executing this Agreement and an Amended & Restated A&R Master Lease and further desire to confirm that the Guaranty extends and shall apply to Lessee’s obligations under the Amended & Restated A&R Master Lease.

  • Except as described in a commitment letter dated December 17, 1997 (the "Prior Commitment"), this Commitment supersedes all prior correspondence, proposals, and oral or other communications relating to financing arrangements between Borrower and Lender.

  • The purchase price for Delivered Energy that is comprised of (a) Facility Energy from a New Facility prior to the Commercial Operation Date for such Facility, or (b) Facility Energy from an Existing Facility after the end of the Prior Commitment Period but prior to the Delivery Commencement Date for such Facility, shall be: $56.63 per MWh.

  • Both parties hereto agree that the Prior Commitment shall be specifically applied against the Minimum Purchase Commitment pursuant to paragraph 1 hereunder.

  • Except with respect to the transactions consummated (or to be consummated) under a commitment letter dated as of July 9, 1997 (the "Prior Commitment") and the Master Loan and Security Agreement dated as of September 1, 1997, this Commitment supersedes all prior correspondence, commitments, and oral or other communications relating to equipment financing arrangements between Lender and Borrower.

  • In addition, such federal consolidation loans shall not be considered a "Prior Commitment" for purposes herein.

  • Notwithstanding anything herein or in any of the other Transaction Documents (including the Mutual Termination Agreement) to the contrary, each of Remainco and M▇▇▇▇▇ Partner acknowledge and agree that, Remainco shall be responsible for 73% and Merger Partner shall be responsible for 27% of any Prior Commitment Letter Fees, if any, as and when they become due and payable.

Related to Prior Commitment

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • LOC Commitment means the commitment of the Issuing Lender to issue Letters of Credit and with respect to each Lender, the commitment of such Lender to purchase participation interests in the Letters of Credit up to such Lender's LOC Committed Amount as specified in Schedule 2.1(a), as such amount may be reduced from time to time in accordance with the provisions hereof.

  • Dollar Commitment means, with respect to each Dollar Lender, the commitment of such Dollar Lender to make Syndicated Loans, and to acquire participations in Letters of Credit and Swingline Loans, denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Dollar Commitment is set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable. The aggregate amount of the Lenders’ Dollar Commitments as of the First Amendment Effective Date is $115,000,000.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.