Commitment Extension definition

Commitment Extension means an extension of the Termination Date pursuant to Section 2.19.
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Commitment Extension has the meaning specified in Section 2.7.
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Commitment Extension is defined as an increase in the financial commitment previously made. “Memoranda of Agreement (MOA)” or “Memoranda of Understanding (MOU)” is a nonbinding agreement that provides the framework for collaboration between two or more parties on a common goal or set of goals to be achieved in the future. An MOU may serve as the precursor to one or more formal written contracts between the parties.
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Examples of Commitment Extension in a sentence

  • The Commitment Period commences on the target Commencement Date unless HKT advises otherwise.■ Commitment Extension: This is the bridging period to the Commitment Period to enable customers to switch from other operators.

  • Monthly Rate within Commitment Period is waived during such bridging period for Basic Plan or Fiber-to-the-Home Plan under NETVIGATOR Service.■ Total Commitment Period: This is the total contract period for the Commitment Period and Commitment Extension.

  • The Administrative Agent and the Borrower shall promptly confirm to the Banks such extension and the Commitment Extension Effective Date.

  • The Borrower shall prepay any Committed Loans outstanding on the Commitment Extension Effective Date (and pay any additional amounts required pursuant to Section 6.5) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the Banks.

  • The Borrower shall prepay any Committed Loans outstanding on the Commitment Extension Effective Date (and pay any additional amounts required pursuant toSection 6.5) to the extent necessary to keep outstanding Committed Loans ratable with any revised and new Pro Rata Shares of all the Banks.

  • The decision to agree or withhold agreement to any Commitment Extension Request shall be at the sole discretion of each Lender.

  • CLEAN ENERGY UPDATE: Docket No. EO08010004 - Commitment Extension Policies by Marvin Margolies (BPU-0325).

  • If Lenders constituting the Required Lenders shall have agreed to a Commitment Extension Request, then the Commitment Termination Date shall, as to the Consenting Lenders, be extended to the first anniversary of the Commitment Termination Date theretofore in effect.

  • A 30 days extension of the MCC Commitment Letter will be given upon Lender’s submission of the MCC Commitment Extension Request Form and a $50 MCC Extension Fee.

  • Notwithstanding the foregoing provisions of this paragraph, the Company shall have the right, pursuant to Section 12.3, at any time prior to the Existing Commitment Termination Date, to replace a Declining Lender with a Lender or other financial institution that will agree to a Commitment Extension Request, and any such replacement Lender shall for all purposes constitute a Consenting Lender.


More Definitions of Commitment Extension

Commitment Extension means an extension of the Termination Date in accordance with Section 2.20. “Commitment Increase” has the meaning specified in Section 2.19(b).
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Commitment Extension has the meaning assigned to such term in Section 2.16(a).
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Related to Commitment Extension

  • Commitment Expiry Date means the earliest to occur of (i) the date on which all amounts due and owing to the CP Conduit Purchasers and the Committed Purchasers under the Receivables Transfer Agreement and the other Transaction Documents have been paid in full, (ii) the date on which the Aggregate Commitment has been reduced to zero pursuant to the Receivables Transfer Agreement, (iii) The Termination Date, and (iv) December 31, 2007.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • 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.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Commitment Schedule means the Schedule attached hereto identified as such.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Incremental Commitment means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loan.

  • Additional Commitment means any commitment hereunder added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Letter of Credit Commitment means, with respect to the Issuer, the Issuer's obligation to issue Letters of Credit pursuant to Section 2.1.3 and, with respect to each of the other Lenders that has a Revolving Loan Commitment, the obligation of each such Lender to participate in such Letters of Credit pursuant to Section 2.6.1.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).