Definition of Term Committed Amount

  1. Term Committed Amount means the lesser of (a) $1,150,000, and (b) 75% of the cost of the new Super Mohawk 21 remote operated vehicle purchased by Borrower using, in part, the proceeds of the Term Facility."
  2. Term Committed Amount means $750,000,000.

Examples of Term Committed Amount in a sentence

  1. Section 1.1 of the Credit Agreement is amended to delete the definitions of Term Committed Amount and Term Maturity Date in their entirety and replace them with the following:

Definition of Term Committed Amount in Amendment to Credit Agreement

Term Committed Amount means the lesser of (a) $1,150,000, and (b) 75% of the cost of the new Super Mohawk 21 remote operated vehicle purchased by Borrower using, in part, the proceeds of the Term Facility."


Definition of Term Committed Amount in Agreement and Plan of Merger

Term Committed Amount means $750,000,000.