Commitment definition

Commitment means, as to each Lender, its obligation to (a) make Committed Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Commitment means the unfunded portion of a line of credit or other commitment reflected on the books and records of the Failed Bank to make an extension of credit (or additional advances with respect to a Loan) that was legally binding on the Failed Bank as of Bank Closing, other than extensions of credit pursuant to the credit card business and overdraft protection plans of the Failed Bank, if any.

Commitment means a Term Commitment or a Revolving Credit Commitment, as the context may require.

Examples of Commitment in a sentence

• The Supplier will use commercially reasonable efforts to make the System available throughout twenty-four 24 hours a day, seven (7) days a week, with a Monthly Uptime Percentage of at least 99.5% ("Service Commitment").

• Permission to exceed the 4/3 overload will be based in part on consideration of the following factors: • Student demand for the course • Equitable distribution of overloads among interested full-time faculty in the division/department • Availability of qualified adjuncts • Commitment to maintaining low student: teacher ratios including reasonable workloads for all faculty.

• We will report on a semi-annual basis The Uniform Report of DBE Awards or Commitment and Payments as modified for use by FHWA [as amended 68 FR 35556, June 16, 2003].

• Online Services Commitment Offerings are also referred to as “License Plans” in the Product Terms.

• If the System availability drops below the Service Commitment level, the Supplier shall pay to the Client the Service Credits by adding the transactions credit to the SaaS package.

More Definitions of Commitment

Commitment means a Term Loan Commitment or a Revolving Credit Commitment, as the context may require.

Commitment means, as to each Lender, its obligation to (a) make Loans to the Borrower pursuant to Section 2.01, and (b) purchase participations in L/C Obligations, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Commitment has the meaning specified in Section 2.01.

Commitment means, with respect to any Lender, such Lender’s Revolving Credit Commitment and Term Loan Commitment.

Commitment means, as to any Lender, the obligation of such Lender to make Loans to the Borrower hereunder in an aggregate principal amount at any time outstanding not to exceed the amount set forth opposite such Lender's name on Schedule 1, as the same may be reduced or modified at any time or from time to time pursuant to Sections 2.5, 2.6 and 12.8.

Commitment means, with respect to each Lender, the commitment of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) reduced or terminated from time to time pursuant to Section 2.09, (b) increased from time to time pursuant to Section 2.20 and (c) 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 Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption or other documentation contemplated hereby pursuant to which such Lender shall have assumed its Commitment, as applicable.

Commitment means, as to any Lender, the sum of the Term Commitment and the Revolving Commitment of such Lender.