Springdale Commitment definition

Springdale Commitment means, with respect to any Springdale Lender at any time, the amount set forth opposite such Springdale Lender's name on Schedule I under the caption "Springdale Commitment" or, if such Springdale Lender has entered into one or more Assignment and Acceptances on or prior to such time, set forth for such Springdale Lender in the Register maintained by the Springdale Lender Agent pursuant to Section 8.07(e) as such Springdale Lender's "Springdale Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.05 or 6.01.
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Examples of Springdale Commitment in a sentence

  • The Borrower agrees that, so long as any Advance shall remain unpaid or any Springdale Commitment shall remain outstanding, the Borrower shall observe and perform each of its covenants and undertakings set forth in the Common Agreement and the other Financing Documents, which covenants and undertakings are incorporated in this Agreement by reference as if fully set forth herein, in accordance with their terms.

  • Each Springdale Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance to the Borrower on the Refinancing Closing (which shall occur on any Business Day during the period from the date hereof until the Termination Date) in an amount equal to such Springdale Lender's Springdale Commitment.

Related to Springdale Commitment

  • Service commitment area means a medically underserved Iowa city with a population of less than 26,000 that is located more than 20 miles from a city with a population of 50,000 or more. Each applicant participating in the program must contract with the service commitment area to ensure the service commitment area provides a nonrefundable $2,000 contribution for deposit in the rural Iowa advanced registered nurse practitioner and physician assistant trust fund. Payment of the nonrefundable contribution to the trust fund can be made by, but is not limited to, the following organizations: community agencies, hospitals, medical groups, municipalities, community foundations, local government entities, or other community entities. Locations and distances between cities will be consistently measured and verified by calculating the straight-line distance between main post offices.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Initial Commitment means, for any Initial Lender, the obligation of such Initial Lender to make an Initial Loan hereunder, up to the principal amount shown on Schedule 1.01(a). The aggregate amount of the Initial Lenders’ Initial Commitments as of the Closing Date is $150,000,000.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Loan Commitment means, with respect to a Loan, the maximum aggregate amount, as defined by Lender in the applicable Commitment Letter, of advances available to be disbursed on such Loan.