Standby Commitment definition
Standby Commitment has the meaning set forth in Section 2.2.
Standby Commitment means the obligation of the Standby Purchaser to purchase a number of Standby Shares having an aggregate Subscription Price equal to the difference, if any, between: (A) the amount of the Standby Purchaser’s Subscription Commitment, and (B) the aggregate Subscription Price of all Standby Purchaser Rights Offering Shares acquired by the Standby Purchaser, whether pursuant to the Basic Subscription Right (set out in section 2.3(a)) or the Additional Subscription Privilege;
Standby Commitment means a commitment to either buy or sell
Examples of Standby Commitment in a sentence
Each Standby Purchaser will deliver to the Corporation, at or prior to the time of filing the Rights Offering Circular and the Rights Offering Notice, evidence (in form and substance satisfactory to the Corporation) that the Standby Purchaser has the financial capability to carry out its obligations under the Standby Commitment in accordance with the terms of this Agreement.
More Definitions of Standby Commitment
Standby Commitment means the commitment of each of the Standby Purchasers, severally (and not jointly and severally) to subscribe for subscription receipts representing up to an aggregate of twenty-five percent (25%) of the Offering Amount.
Standby Commitment has the meaning set forth in the recitals hereto.
Standby Commitment means a commitment from an Approved Investor or security dealer satisfactory to the Bank, to purchase from the Company within a specified time period a Loan or Loans, or a Mortgage-backed Security or Securities, in an aggregate principal amount which conform to the criteria set forth therein, under which commitment the Company has the right, but is not obligated, to sell such Loan, Loans, or Mortgage-backed Security or Securities.
Standby Commitment means, with respect to each Lender, the commitment of such Lender to make Standby Loans hereunder as set forth in Schedule 2.01, as such commitment may be permanently terminated or reduced from time to time pursuant to Section 2.11.
Standby Commitment means the sum of $30,000,000 which the Standby Lender has agreed to make available to the Borrowers under Clause 7;
Standby Commitment has the meaning given in Section 3.1;
Standby Commitment has the meaning set forth in Section 2.4; “Standby Premium” has the meaning set forth in Section 2.7;