Examples of Seasonal Commitment in a sentence
The Total Commitment Amount shall remain reduced pursuant to this subpart (i) during the Seasonal Commitment Decrease Period unless and until increased pursuant to subpart (ii) below.
On such date the Maximum Amount for each Bank shall be decreased to the amount set forth opposite such Bank's name under the column headed "Maximum Amount during Seasonal Commitment Decrease Period." On the date of each such reduction, Borrowers shall have prepaid an aggregate amount of Loans, together with interest and facility and other fees accrued and unpaid thereon, so that the Revolving Credit Exposure shall not exceed the Total Commitment Amount as then in effect.
On the first day of each Seasonal Commitment Decrease Period, without notice of any kind to Borrowers, the Total Commitment Amount shall automatically be reduced to the Seasonal Reduced Commitment Amount.
So long as no Default or Event of Default shall exist or immediately thereafter shall begin to exist, on the first day after the last day of each Seasonal Commitment Decrease Period, the Total Commitment Amount shall automatically be increased to the Maximum Commitment Amount.
On such date the Maximum Amount for each Bank shall be increase to the amount set forth opposite such Bank's name under the column headed "Maximum Amount other than during any Seasonal Commitment Decrease Period." The Total Commitment Amount shall remain increased pursuant to this subpart (ii) until decreased pursuant to subpart (i) above.
Seasonal Commitment Fee Allocation (April 2019 Motion) - Needs to be entered into GL codes properly to show this line separately and described properly to insure no confusion in the future.
Not less than five nor more than ten days prior to the first Business Day of each month from July through December of each year, the Company may by written notice to the Agent designate all or any portion of the Aggregate Seasonal Commitment Amount as available for the period from the first Business Day of the following month until the day before the first Business Day of the second following month (each such period, a "Designation Period").
Beverage Operator License Application (Renewal) - Delinquent Fee: The Committee reviewed the beverage operator license application for Brian J.
Until such time that the Company makes an initial designation for any period in which the Seasonal Commitment Amount is available for designation, the Designated Amount of each Bank shall be zero.
It establishes safeguards for the investigation of criminal offences and is intended to comply with the European Convention for the Protection of Human Rights and Fundamental Freedoms.